Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Banda Islands, IndonesiaHeadline | physical_fob | — | USD/MT | 9500–12500 | Dec 2024 | — |
| St. George's, Grenada | physical_fob | — | USD/MT | 11000–14500 | Dec 2024 | — |
| Banda Islands, Indonesia | physical_fob | — | USD/MT | 18000–24000 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical nutmeg trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Banda Islands, Indonesia | — | |
| St. George's, Grenada | — | |
| Banda Islands, Indonesia | — |
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