Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Ho Chi Minh City, VietnamHeadline | physical_fob | — | USD/MT | 4200–5100 | Dec 2024 | — |
| Medan, Indonesia | physical_fob | — | USD/MT | 4000–4900 | Dec 2024 | — |
| Kochi, India | physical_fob | — | USD/MT | 3800–4700 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical white pepper trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Ho Chi Minh City, Vietnam | — | |
| Medan, Indonesia | — | |
| Kochi, India | — |
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