Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Callao, PeruHeadline | physical_fob | — | USD/MT | 1050–1350 | Dec 2024 | — |
| Rotterdam | physical_cif | — | USD/MT | 1400–1750 | Dec 2024 | — |
| Valparaíso, Chile | physical_fob | — | USD/MT | 1080–1320 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical fish oil trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Callao, Peru | — | |
| Rotterdam | — | |
| Valparaíso, Chile | — |
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