Cotton futures close higher

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ZHENGZHOU, Jan. 20 (Xinhua) -- Cotton futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2025 delivery gained 65 yuan (about 9.04 U.S. dollars) to close at 13,680 yuan per tonne.

On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 241,417 lots with a turnover of 16.5 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. Enditem

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