# Palm oil and Timber

Their prices have moved together.

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

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