Crude oil and Fishmeal & shrimp

Their prices have moved together.

Crude oil (energy) and Fishmeal & shrimp (commodity): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Weak · Both ways

Fishing boats and fishmeal drying plants burn fuel, so oil prices raise costs. The data shows only a weak link: monthly moves correlate at 0.07 and yearly moves at 0.22, because catches drive prices.

• 0.07 monthly change correlation
• 0.22 12-month change correlation
• 0.15 fitted elasticity

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