Sugar futures closed lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for January 2023 delivery lost 24 yuan (3.56 U.S. dollars) to close at 5,577 yuan per tonne.

On Monday, the total trading volume for six listed sugar futures contracts on the ZCE was 278,008 lots with a turnover of 15.64 billion yuan.

As the world's important consumer and importer of sugar, China listed sugar futures on ZCE in January 2006, helping sugar-related enterprises hedge the price risk.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

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