Sugar futures close higher

ZHENGZHOU, July 28– Sugar futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for September 2022 delivery gained 107 yuan to close at 5,807 yuan per tonne. As the world’s important consumer and importer of sugar, China listed sugar futures on ZCE in January 2006, helping sugar-related…

ZHENGZHOU, July 28 (Xinhua) — Sugar futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for September 2022 delivery gained 107 yuan (15.87 U.S. dollars) to close at 5,807 yuan per tonne.

On Thursday, the total trading volume for six listed sugar futures contracts on the ZCE was 392,615 lots with a turnover of 22.56 billion yuan.

As the world’s important consumer and importer of sugar, China listed sugar futures on ZCE in January 2006, helping sugar-related enterprises hedge the price risk. Enditem