Bananas and Tankers, barges and fuel trucks

Their prices have moved together.

Bananas (commodity) and Tankers, barges and fuel trucks (energy): 1 relationship.

How they are linked

1. Price link: freight cost

Cost and price · Moderate · Both ways

Bananas travel in refrigerated ships and containers, so shipping costs are a large part of the landed price. The freight proxy is a deep sea index; monthly moves correlate at 0.07 and yearly moves at 0.33, since annual contracts delay pass-through.

• 0.07 monthly change correlation
• 0.33 12-month change correlation
• 0.72 fitted elasticity

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