Palm oil and Rapeseed

Their prices have moved together.

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

How they are linked

1. Price link: substitute oil

Cost and price · Strong · Both ways

Palm oil is the cheapest alternative for food and fuel, so a wide price gap shifts buyers between them, and palm-based biodiesel competes with rapeseed biodiesel in Europe. Monthly moves correlate at 0.58 and yearly moves at 0.86.

• 0.58 monthly change correlation
• 0.86 12-month change correlation
• 0.82 fitted elasticity

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