Sugar futures close higher

ZHENGZHOU, May 23– Sugar futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for September 2022 delivery gained 42 yuan to close at 5,995 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 enterprises…

ZHENGZHOU, May 23 (Xinhua) — Sugar futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for September 2022 delivery gained 42 yuan (6.29 U.S. dollars) to close at 5,995 yuan per tonne.

On Monday, the total trading volume for six listed sugar futures contracts on the ZCE was 282,554 lots with a turnover of 16.9 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