# Crude oil and Fishmeal & shrimp

Their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-fishmeal-and-shrimp/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Fishmeal & shrimp](https://www.materialinsights.org/commodities/seafood/) (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.