Material Insights · Understanding the Material World

Groundnuts and Sunflower

Their prices have moved together.

Groundnuts (commodity) and Sunflower (commodity): 1 relationship.

How they are linked

1. Price link: substitute oil

Cost and price · Moderate · Both ways

Sunflower oil is another premium cooking oil that competes with groundnut oil. The kernel price barely shows this: monthly moves correlate at 0.09 and yearly moves at 0.38, because the food nut market sets most of the value.

  • 0.09 monthly change correlation
  • 0.38 12-month change correlation
  • 0.40 fitted elasticity

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