Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Mombasa, KenyaHeadline | physical_fob | — | USD/MT | 2100–2650 | Dec 2024 | — |
| Kolkata, India | physical_fob | — | USD/MT | 2400–3200 | Dec 2024 | — |
| Hangzhou, China | physical_fob | — | USD/MT | 3500–5800 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical tea trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Mombasa, Kenya | — | |
| Kolkata, India | — | |
| Hangzhou, China | — |
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