Palm oil and Timber

Their prices have moved together.

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

How they are linked

1. Price link: competing land use

Cost and price · Moderate · Both ways

In Malaysia and Indonesia, forests have been cleared for palm oil plantations, and both depend on the ringgit and Asian demand. Monthly moves correlate at 0.34 and yearly moves at 0.44, a shared regional driver.

• 0.34 monthly change correlation
• 0.44 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.