Zhengzhou: Sugar futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active sugar contract for January 2025 delivery lost 24 yuan (3.33 U.S. dollars) to close at 6,066 yuan per tonne.According to Namibia Press Agency, the total trading volume for the six listed sugar futures contracts on the ZCE reached 470,613.0 lots, resulting in a substantial turnover of 28.53 billion yuan. As a significant global consumer and importer of sugar, China's listing of sugar futures on the ZCE in January 2006 has been instrumental for sugar-related enterprises, enabling them to hedge against price volatility.The decline in sugar futures reflects the ongoing market dynamics and trading activities on the ZCE, highlighting the importance of such financial instruments in managing risk for businesses involved in the sugar industry.