Sugar futures close lower

ZHENGZHOU, Oct. 31– Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange. The most active sugar contract for January 2024 delivery lost 29 yuan to close at 6,788 yuan per tonne. As the world’s important consumer and importer of sugar, China listed sugar futures on ZCE in January 2006, helping sugar-related enterprises hedge…

ZHENGZHOU, Oct. 31 (Xinhua) — Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for January 2024 delivery lost 29 yuan (4.04 U.S. dollars) to close at 6,788 yuan per tonne.

On Tuesday, the total trading volume for six listed sugar futures contracts on the ZCE was 603,072 lots with a turnover of 40.98 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. Enditem