# Cocoa and Coffee

Their prices have moved together.

Source page: https://www.materialinsights.org/links/cocoa-and-coffee/

[Cocoa](https://www.materialinsights.org/commodities/cocoa/) (commodity) and [Coffee](https://www.materialinsights.org/commodities/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.