Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Thailand_Laem_ChabangHeadline | physical_fob | Sun‑dried cassava chips, moisture max 14%, HCN within food safety limits, bulk in vessel FOB Laem Chabang. | USD/MT | 210–240 | Mar 2026 | — |
| Thailand_Bangkok | physical_fob | Food/industrial grade native tapioca starch, whiteness and viscosity within standard industry specs, 25–50 kg bags, FOB Bangkok/Laem Chabang. | USD/MT | 460–520 | Mar 2026 | — |
| South_China_CIF | physical_cif | Bulk dried cassava chips for ethanol/feed, moisture max 14%, CIF Guangxi/Guangdong ports. | USD/MT | 240–270 | Mar 2026 | — |
Premium structure
Differentials between benchmarks reveal where physical cassava trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Thailand_Laem_Chabang | Typically priced at a discount or premium to corn on a carbohydrate‑equivalent basis in Asian feed and ethanol markets.[8] | |
| Thailand_Bangkok | Priced against regional corn starch and wheat starch values with quality and freight differentials.[4][8] | |
| South_China_CIF | Typically a small discount to Thai chips reflecting quality and logistics perception in Chinese market.[8] |
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