Cocoa and Palm oil

Their prices have moved together.

Cocoa (commodity) and Palm oil (commodity): 1 relationship.

How they are linked

1. Price link: substitute fat

Cost and price · Weak · Both ways

Palm oil fractions are used as cocoa butter equivalents in cheaper chocolate and coatings, so dear cocoa butter lifts their use. The data shows only a faint link: monthly moves correlate at 0.16 and yearly moves at 0.09.

• 0.16 monthly change correlation
• 0.09 12-month change correlation
• 0.52 fitted elasticity

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