# Cocoa and Fungicides

Their prices have moved together.

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

[Cocoa](https://www.materialinsights.org/commodities/cocoa/) (commodity) and [Fungicides](https://www.materialinsights.org/chemicals/fungicides/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: crop protection

*Cost and price · Weak · Both ways*

Black pod disease is a major threat in West Africa and farmers depend on fungicides to protect yields. The US pesticides index shows no link with cocoa prices, with monthly moves at 0.04 and yearly moves at minus 0.13, since boards often subsidise inputs.

- **0.04** monthly change correlation
- **-0.13** 12-month change correlation
- **1.16** fitted elasticity

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