Sugar futures close higher

ZHENGZHOU, Dec. 13– Sugar futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for March 2023 delivery gained 36 yuan to close at 5,692 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. 13 (Xinhua) — Sugar futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for March 2023 delivery gained 36 yuan (5.16 U.S. dollars) to close at 5,692 yuan per tonne.

On Tuesday, the total trading volume for six listed sugar futures contracts on the ZCE was 381,871 lots with a turnover of 21.68 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