Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| China (Guangdong)Headline | physical_fob | — | USD/MT | 5200–6100 | Jan 2025 | — |
| Indonesia (Jakarta) | physical_fob | — | USD/MT | 3800–4600 | Jan 2025 | — |
| Egypt (Port Said) | physical_cif | — | USD/MT | 2900–3500 | Jan 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical tilapia trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| China (Guangdong) | — | |
| Indonesia (Jakarta) | — | |
| Egypt (Port Said) | — |
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