# Coconut oil and Palm oil

Their prices have moved together.

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

[Coconut oil](https://www.materialinsights.org/commodities/coconut/) (commodity) and [Palm oil](https://www.materialinsights.org/commodities/palm_oil/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: substitute oil

*Cost and price · Strong · Both ways*

Palm kernel oil and coconut oil are the two lauric oils used in soaps and cosmetics, and both come from tropical Asia. Coconut oil follows palm oil with monthly moves correlated at 0.61 and yearly moves at 0.81.

- **0.61** monthly change correlation
- **0.81** 12-month change correlation
- **0.51** fitted elasticity

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