Cocoa and Coffee

Their prices have moved together.

Cocoa (commodity) and Coffee (commodity): 1 relationship.

How they are linked

1. Price link: shared market drivers

Cost and price · Weak · Both ways

Coffee and cocoa are both tropical tree crops traded by the same commodity funds and roasting and confectionery firms. Their link is weak but has grown: monthly moves correlate at 0.24 overall and at 0.36 in the last five years, when both had weather shocks.

• 0.24 monthly change correlation
• 0.26 12-month change correlation
• 0.62 fitted elasticity

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