ZHENGZHOU, March 24 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2022 delivery gained 160 yuan (about 25.1 U.S. dollars) to close at 21,600 yuan per tonne.
On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 171,218 lots with a turnover of 18.3 billion yuan.
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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