Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| China wholesale marketsHeadline | physical_fob | Good commercial quality fresh jujube, standard domestic grades ex‑wholesale market in major producing provinces. | USD/MT | 910–1220 | Nov 2025 | — |
| South Korea wholesale markets | physical_cif | Imported and domestic fresh jujube in Korean wholesale markets, premium consumer grade.[1] | USD/MT | 3850–3850 | Nov 2025 | — |
| India wholesale markets | physical_fob | Standard commercial-grade fresh jujube (ber) at major Indian wholesale hubs.[1] | USD/MT | 400–740 | Nov 2025 | — |
| FOB Tianjin/Qingdao (indicative, desk-based) | physical_fob | Clean, sound, sun‑dried jujube, 15–25% moisture, commercial grades for snack/tea segment. | USD/MT | 2000–3200 | 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical jujube trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| China wholesale markets | — | |
| South Korea wholesale markets | Typically trades at a substantial premium to China domestic wholesale levels, reflecting higher quality and retail positioning. | |
| India wholesale markets | Typically trades at a discount to China domestic wholesale due to local variety, quality and market conditions. | |
| FOB Tianjin/Qingdao (indicative, desk-based) | Typically priced against regional dried fruit baskets (e.g., raisins) with quality and origin differentials. |
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