Biodiesel (FAME) and Coconut oil

Their prices have moved together.

Biodiesel (FAME) (chemical) and Coconut oil (commodity): 1 relationship.

How they are linked

1. Price link: fuel use

Cost and price · Strong · Both ways

The Philippines blends coconut oil into diesel, and fuel demand for all vegetable oils lifts their prices together. The biodiesel proxy is the soybean oil price; monthly moves correlate at 0.47 and yearly moves at 0.66.

• 0.47 monthly change correlation
• 0.66 12-month change correlation
• 0.91 fitted elasticity

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