Maize and Vitamins

Maize is a raw material for vitamins; their prices have moved together.

Maize (commodity) and Vitamins (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Maize → Vitamins

Vitamins is made from maize: it is one of the raw materials its production routes start from.

2. Price link: feedstock cost

Cost and price · Weak · Both ways

Vitamin C, B2 and B12 are fermented from glucose made from maize. Feedstock is a minor cost, and the proxy shows no positive link: monthly moves correlate at -0.12 and yearly moves at -0.28, since outages dominate prices.

• -0.12 monthly change correlation
• -0.28 12-month change correlation
• 0.09 fitted elasticity

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