# Palm oil and Rapeseed

Their prices have moved together.

Source page: https://www.materialinsights.org/links/palm-oil-and-rapeseed/

[Palm oil](https://www.materialinsights.org/commodities/palm_oil/) (commodity) and [Rapeseed](https://www.materialinsights.org/commodities/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.