Cotton futures close higher

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ZHENGZHOU, Dec. 5 (Xinhua) -- Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2024 delivery gained 40 yuan (about 5.62 U.S. dollars) to close at 14,945 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 534,281 lots with a turnover of 40.1 billion yuan.

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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