Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active sugar contract for May 2023 delivery lost 3 yuan (43.63 U.S. cents) to close at 6,158 yuan per tonne.
On Tuesday, the total trading volume for six listed sugar futures contracts on the ZCE was 552,620 lots with a turnover of 34.03 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.