Groundnuts and Palm oil

Their prices have moved together.

Groundnuts (commodity) and Palm oil (commodity): 1 relationship.

How they are linked

1. Price link: substitute oil

Cost and price · Moderate · Both ways

In India, groundnut oil competes with cheaper palm and soybean oils, so a palm price fall can soften groundnut demand. The traded kernel price shows little of this: monthly moves correlate at 0.14 and yearly moves at 0.34.

• 0.14 monthly change correlation
• 0.34 12-month change correlation
• 0.43 fitted elasticity

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