Cocoa and Sugar

Their prices have moved together.

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

How they are linked

1. Price link: co-input in chocolate

Cost and price · Weak · Both ways

Sugar and cocoa are the main ingredients of chocolate, so a confectioner buys both. But they are grown in different places, and the price link is weak: monthly moves correlate at 0.15 and yearly moves at 0.12.

• 0.15 monthly change correlation
• 0.12 12-month change correlation
• 0.50 fitted elasticity

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