Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Antalya, TurkeyHeadline | physical_fob | — | USD/MT | 280–450 | Jun 2024 | — |
| Delhi Mandi | physical_fob | — | USD/MT | 120–280 | Jun 2024 | — |
| Shanghai Produce Market | physical_fob | — | USD/MT | 150–320 | Jun 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical watermelon trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Antalya, Turkey | — | |
| Delhi Mandi | — | |
| Shanghai Produce Market | — |
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