Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Rotterdam, NetherlandsHeadline | physical_cif | — | USD/MT | 4200–5800 | Dec 2024 | — |
| Kandla, India | physical_fob | — | USD/MT | 3800–5200 | Dec 2024 | — |
| Dubai, UAE | physical_cif | — | USD/MT | 3600–4900 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical cumin trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Rotterdam, Netherlands | — | |
| Kandla, India | — | |
| Dubai, UAE | — |
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