# Coffee and Sugar

Their prices have moved together.

Source page: https://www.materialinsights.org/links/coffee-and-sugar/

[Coffee](https://www.materialinsights.org/commodities/coffee/) (commodity) and [Sugar](https://www.materialinsights.org/commodities/sugar/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: shared market drivers

*Cost and price · Moderate · Both ways*

Brazil is the largest producer of both coffee and sugar, so its weather and currency affect both. Monthly moves correlate at 0.22 and yearly moves at 0.33, a weak shared driver.

- **0.22** monthly change correlation
- **0.33** 12-month change correlation
- **0.69** fitted elasticity

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