Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| China (Qingdao)Headline | physical_fob | — | USD/MT | 8000–12000 | Dec 2024 | — |
| India (Mumbai) | physical_fob | — | USD/MT | 12000–16000 | Dec 2024 | — |
| Peru (Callao) | physical_cif | — | USD/MT | 18000–24000 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical spirulina trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| China (Qingdao) | — | |
| India (Mumbai) | — | |
| Peru (Callao) | — |
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