Sugar futures close lower

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

The most active sugar contract for May 2022 delivery lost 50 yuan (about 7.89 U.S. dollars) to close at 5,807 yuan per tonne.

On Friday, the total trading volume for six listed sugar futures contracts on the ZCE was 468,623 lots with a turnover of 27.24 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.