Cotton and Tobacco

Their prices have moved together.

Cotton (commodity) and Tobacco (commodity): 1 relationship.

How they are linked

1. Price link: competing crop

Cost and price · Weak · Both ways

In parts of India, China and Africa, farmers choose between tobacco and cotton on the same land. The data shows no link: monthly moves correlate at 0.03 and yearly moves at minus 0.08, because tobacco is sold on contracts and auctions with set grades.

• 0.03 monthly change correlation
• -0.08 12-month change correlation
• 0.17 fitted elasticity

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