Sugar futures close higher

ZHENGZHOU, Dec. 30– Sugar futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for March 2023 delivery gained 25 yuan to close at 5,783 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 hedge…

ZHENGZHOU, Dec. 30 (Xinhua) — Sugar futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for March 2023 delivery gained 25 yuan (3.59 U.S. dollars) to close at 5,783 yuan per tonne.

On Friday, the total trading volume for six listed sugar futures contracts on the ZCE was 259,902.0 lots with a turnover of 15.03 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