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Cotton futures open higher

2020-03-26 09:43

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Cotton futures opened higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery gained 55 yuan (about 7.78 U.S. dollars) to open at 10,600 yuan per tonne.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.
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