Cotton futures close lower

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ZHENGZHOU, Feb. 27 (Xinhua) -- Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2025 delivery lost 65 yuan (about 9.06 U.S. dollars) to close at 13,740 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 281,597.0 lots with a turnover of 19.4 billion yuan.

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

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