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

The most active cotton contract for January 2021 delivery gained 80 yuan (about 12.16 U.S. dollars) to open at 14,560 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.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

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