Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Santos, Brazil | physical_fob | — | USD/MT | 2100–2800 | Jan 2025 | — |
| Intercontinental Exchange (ICE)Headline | futures | — | USD/MT | 1950–2650 | Jan 2025 | — |
| Rotterdam, Netherlands | physical_cif | — | USD/MT | 2400–3200 | Jan 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical orange juice trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Santos, Brazil | — | |
| Intercontinental Exchange (ICE) | — | |
| Rotterdam, Netherlands | — |
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