Potatoes and Wheat

Their prices have moved together.

Potatoes (commodity) and Wheat (commodity): 1 relationship.

How they are linked

1. Price link: substitute staple

Cost and price · Moderate · Both ways

Potatoes and wheat are both staple foods, and in poor potato years buyers switch to grains. Monthly moves correlate at 0.03 and yearly moves at 0.35, since potatoes trade in local markets.

• 0.03 monthly change correlation
• 0.35 12-month change correlation
• 0.58 fitted elasticity

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