# Biodiesel (FAME) and Coconut oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biodiesel-fame-and-coconut-oil/

[Biodiesel (FAME)](https://www.materialinsights.org/energy/biodiesel/) (chemical) and [Coconut oil](https://www.materialinsights.org/commodities/coconut/) (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.