Cotton futures open higher

0 Comment(s)Print E-mail Xinhua, October 21, 2020
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ZHENGZHOU, Oct. 21 (Xinhua) -- Cotton futures opened higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2021 delivery gained 65 yuan (about 9.73 U.S. dollars) to open at 14,850 yuan per tonne.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk. Enditem

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