Cotton futures close higher

ZHENGZHOU, May 7 (Xinhua) -- Cotton futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2025 delivery gained 115 yuan (about 15.97 U.S. dollars) to close at 12,900 yuan per tonne.

On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 364,119 lots with a turnover of 23.45 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