Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Nizamabad/Sangli, IndiaHeadline | physical_fob | — | USD/MT | 2100–2800 | Dec 2024 | — |
| Mumbai, India | physical_fob | — | USD/MT | 8500–11200 | Dec 2024 | — |
| Jakarta, Indonesia | physical_fob | — | USD/MT | 1850–2400 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical turmeric trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Nizamabad/Sangli, India | — | |
| Mumbai, India | — | |
| Jakarta, Indonesia | — |
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