Cotton futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2023 delivery gained 135 yuan (about 19.65 U.S. dollars) to close at 13,980 yuan per tonne.
On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 912,129 lots with a turnover of 64.18 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.