# Bananas and Crude oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/bananas-and-crude-oil/

[Bananas](https://www.materialinsights.org/commodities/bananas/) (commodity) and [Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy): 1 relationship.

## How they are linked

### 1. Price link: energy cost

*Cost and price · Weak · Both ways*

Fuel for ships and refrigeration is a key cost of moving bananas. The import price shows no clear link with crude oil, at minus 0.04 for monthly moves and 0.10 for yearly moves, because supermarket contracts fix prices for a year.

- **-0.04** monthly change correlation
- **0.10** 12-month change correlation
- **0.01** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.