Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| New Zealand originHeadline | physical_fob | Average export value across kiwifruit shipments | USD/MT | 4375–4375 | Jun 2026 | — |
| New Zealand origin | physical_fob | 2020 average export price | USD/MT | 3026–3026 | Jun 2026 | — |
| Global import basket | physical_cif | 2024 average import price | USD/MT | 2798–2798 | Jun 2026 | — |
| Global export basket | physical_fob | 2024 average export price | USD/MT | 2639–2639 | Jun 2026 | — |
Premium structure
Differentials between benchmarks reveal where physical kiwi trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| New Zealand origin | — | |
| New Zealand origin | — | |
| Global import basket | Typically below New Zealand FOB equivalent due to mix and freight/handling[4] | |
| Global export basket | Mix-weighted global average; below premium New Zealand export realizations[4] |
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