Sugar and Tea
Their prices have moved together.
Sugar (commodity) and Tea (commodity): 1 relationship.
How they are linked
1. Price link: complementary product
Cost and price · Weak · Both ways
Much tea, especially in India, is drunk with sugar, but this does not tie the prices. Monthly moves correlate at 0.18 and yearly moves at 0.18, a weak link probably reflecting general commodity cycles.
- 0.18 monthly change correlation
- 0.18 12-month change correlation
- 0.26 fitted elasticity
Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.