Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| India (Kolkata)Headline | physical_fob | — | USD/MT | 3200–4100 | Dec 2024 | — |
| UAE (Dubai) | physical_cif | — | USD/MT | 5800–7200 | Dec 2024 | — |
| Australia (Melbourne) | physical_fob | — | USD/MT | 2900–3600 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical goat trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| India (Kolkata) | — | |
| UAE (Dubai) | — | |
| Australia (Melbourne) | — |
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