# Cocoa and Palm oil

Their prices have moved together.

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

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