# Coffee and Tea

Their prices have moved together.

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

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

## How they are linked

### 1. Price link: substitute drink

*Cost and price · Weak · Both ways*

Tea and coffee compete for the same cup, but each market is driven by its own harvests. The data shows almost no link: monthly moves correlate at 0.06 and yearly moves at 0.20.

- **0.06** monthly change correlation
- **0.20** 12-month change correlation
- **1.18** fitted elasticity

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