Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Lagos, NigeriaHeadline | physical_fob | — | USD/MT | 280–420 | Dec 2024 | — |
| Cairo, Egypt | physical_fob | — | USD/MT | 250–380 | Dec 2024 | — |
| Shanghai, China | physical_fob | — | USD/MT | 650–850 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical taro trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Lagos, Nigeria | — | |
| Cairo, Egypt | — | |
| Shanghai, China | — |
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