Cotton Futures Close Higher

ZHENGZHOU, Nov. 7 (Xinhua) — Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for January 2025 delivery gained 245 yuan (about 34.19 U.S. dollars) to close at 14,195 yuan per tonne. On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 709,267.0 lots with a turnover of 49.87 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.