Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Veracruz, MexicoHeadline | physical_fob | — | USD/MT | 450–650 | Jan 2025 | — |
| Cochin, India | physical_fob | — | USD/MT | 380–580 | Jan 2025 | — |
| Rotterdam, Netherlands | physical_cif | — | USD/MT | 520–720 | Jan 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical lemons & limes trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Veracruz, Mexico | — | |
| Cochin, India | — | |
| Rotterdam, Netherlands | — |
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