Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan
This paper evaluates spatial market integration in cereal markets in Sudan, focusing on wheat and sorghum, two major cereal crops. Sudan’s context provides important insights on the functioning of markets in economies marred by sanctions, conflicts, soaring inflation, and macroeconomic imbalances. W...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
2023
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/131451 |
| _version_ | 1855515998959960064 |
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| author | Abay, Kibrom A. Abdelfattah, Lina Alaaeldin Breisinger, Clemens Siddig, Khalid |
| author_browse | Abay, Kibrom A. Abdelfattah, Lina Alaaeldin Breisinger, Clemens Siddig, Khalid |
| author_facet | Abay, Kibrom A. Abdelfattah, Lina Alaaeldin Breisinger, Clemens Siddig, Khalid |
| author_sort | Abay, Kibrom A. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper evaluates spatial market integration in cereal markets in Sudan, focusing on wheat and sorghum, two major cereal crops. Sudan’s context provides important insights on the functioning of markets in economies marred by sanctions, conflicts, soaring inflation, and macroeconomic imbalances. We use long-ranging monthly cereal price data and a vector of error-correction cointegration model (VECM) to characterize both short-term and long-term spatial price adjustment across cereal markets. Among the 15 wheat and 18 sorghum markets considered, we can only detect significant spatial market integration among 6 wheat and 11 sorghum markets. Despite some strong spatial market integration among a few neighboring markets, there is no spatial market integration between several markets, including between major wheat consumption and production hotspots. For example, cereal markets in Darfur are not integrated with cereal markets in the rest of the country, despite exhibiting some level of spatial integration within the Darfur region. Finally, we also observe relatively stronger spatial market integration in sorghum markets than in wheat markets. These findings have important policy implications for improving the efficiency of cereal markets in Sudan and other comparable settings. |
| format | Journal Article |
| id | CGSpace131451 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1314512025-10-26T13:01:55Z Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan Abay, Kibrom A. Abdelfattah, Lina Alaaeldin Breisinger, Clemens Siddig, Khalid markets evaluation cereals models wheat consumption production development food science This paper evaluates spatial market integration in cereal markets in Sudan, focusing on wheat and sorghum, two major cereal crops. Sudan’s context provides important insights on the functioning of markets in economies marred by sanctions, conflicts, soaring inflation, and macroeconomic imbalances. We use long-ranging monthly cereal price data and a vector of error-correction cointegration model (VECM) to characterize both short-term and long-term spatial price adjustment across cereal markets. Among the 15 wheat and 18 sorghum markets considered, we can only detect significant spatial market integration among 6 wheat and 11 sorghum markets. Despite some strong spatial market integration among a few neighboring markets, there is no spatial market integration between several markets, including between major wheat consumption and production hotspots. For example, cereal markets in Darfur are not integrated with cereal markets in the rest of the country, despite exhibiting some level of spatial integration within the Darfur region. Finally, we also observe relatively stronger spatial market integration in sorghum markets than in wheat markets. These findings have important policy implications for improving the efficiency of cereal markets in Sudan and other comparable settings. 2023-01 2023-08-08T09:33:03Z 2023-08-08T09:33:03Z Journal Article https://hdl.handle.net/10568/131451 en https://doi.org/10.2499/p15738coll2.134968 Open Access Elsevier Abay, Kibrom A.; Abdelfattah, Lina Alaaeldin; Breisinger, Clemens; and Siddig, Khalid. 2022. Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan. Food Policy 114(January 2023): 102399. https://doi.org/10.1016/j.foodpol.2022.102399 |
| spellingShingle | markets evaluation cereals models wheat consumption production development food science Abay, Kibrom A. Abdelfattah, Lina Alaaeldin Breisinger, Clemens Siddig, Khalid Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title | Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title_full | Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title_fullStr | Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title_full_unstemmed | Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title_short | Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan |
| title_sort | evaluating cereal market dis integration in less developed and fragile markets the case of sudan |
| topic | markets evaluation cereals models wheat consumption production development food science |
| url | https://hdl.handle.net/10568/131451 |
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