ZHENGZHOU, July 24 (Xinhua)-- Cotton futures closed higher Wednesday on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September delivery gained 50 yuan (7.26 U.S. dollars) to close at 13,255 yuan per tonne.
On Wednesday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 515,834 lots with a turnover of 34.32 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 price risks. Enditem