Sugar futures close lower

ZHENGZHOU, Aug. 2– Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for September 2022 delivery lost 61 yuan to close at 5,716 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, Aug. 2 (Xinhua) — Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for September 2022 delivery lost 61 yuan (about 9.04 U.S. dollars) to close at 5,716 yuan per tonne.

On Tuesday, the total trading volume for six listed sugar futures contracts on the ZCE was 386,660 lots with a turnover of 22.1 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