# Biomass and Coconut oil

Their prices have moved together.

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

[Biomass](https://www.materialinsights.org/energy/e_biomass/) (energy) and [Coconut oil](https://www.materialinsights.org/commodities/coconut/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: by-product

*Cost and price · Weak · Both ways*

Coconut husks and shells are burned as fuel in driers and boilers and sold to industry. The biomass proxy is a US wood chips index, so the link is weak: monthly moves correlate at 0.13 and yearly moves at 0.15.

- **0.13** monthly change correlation
- **0.15** 12-month change correlation
- **1.40** fitted elasticity

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