Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Tuscany, ItalyHeadline | physical_fob | — | USD/MT | 520–680 | Dec 2024 | — |
| Addis Ababa/Djibouti Port | physical_cif | — | USD/MT | 280–380 | Dec 2024 | — |
| Northern Italy | physical_fob | — | USD/MT | 750–950 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical farro trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Tuscany, Italy | — | |
| Addis Ababa/Djibouti Port | — | |
| Northern Italy | — |
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