ZHENGZHOU, April 3 (Xinhua) -- Cotton futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2024 delivery gained 30 yuan (about 4.23 U.S. dollars) to close at 16,250 yuan per tonne.
On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 346,512.0 lots with a turnover of 28.26 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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