Pepper & spices and Tankers, barges and fuel trucks

Their prices have moved together.

Pepper & spices (commodity) and Tankers, barges and fuel trucks (energy): 1 relationship.

How they are linked

1. Price link: freight cost

Cost and price · Weak · Both ways

Most spices are shipped in containers from Asia to Europe and America, so freight rates affect landed costs. The freight proxy is a deep sea index, and monthly moves correlate at minus 0.08 and yearly moves at 0.13.

• -0.08 monthly change correlation
• 0.13 12-month change correlation
• 0.69 fitted elasticity

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