How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission
Rising and unstable prices of rice and other staple foods threaten the food security of millions worldwide. These fluctuationsraise concerns about market response to price changes, especially regarding incentives for food production. This study investi-gates how the price dynamics in the Asian rice...
| Autores principales: | , , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2025
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/177858 |
| _version_ | 1855521870275674112 |
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| author | Nguyen, Chi Trung Morales, Luis Emilio Hoang, Nam Balié, Jean Valera, Harold Glenn |
| author_browse | Balié, Jean Hoang, Nam Morales, Luis Emilio Nguyen, Chi Trung Valera, Harold Glenn |
| author_facet | Nguyen, Chi Trung Morales, Luis Emilio Hoang, Nam Balié, Jean Valera, Harold Glenn |
| author_sort | Nguyen, Chi Trung |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Rising and unstable prices of rice and other staple foods threaten the food security of millions worldwide. These fluctuationsraise concerns about market response to price changes, especially regarding incentives for food production. This study investi-gates how the price dynamics in the Asian rice markets are affected by crises in low-quality rice by analysing monthly exportprice data for 25% broken rice for Vietnam, Thailand, India, and Pakistan. We test the rice price transmission and rice marketintegration of these countries using a vector autoregression (VAR) model. The results reveal a tendency for price signals to movetogether across our sample countries, despite variations in their rice production and consumption patterns. This suggests thatrice price shocks are transmitted between Asian exporting countries, particularly for low- quality rice. Furthermore, our analysissuggests that price dynamics in these markets are primarily influenced by crises affecting domestic agro-food chains and govern-ment policies related to price and trade. To improve production incentives during crises, governments could promote competitionamong traders, wholesalers, and input providers, and support farmers' income through supply oriented policies, including inputvouchers and agricultural credit. These policies can mitigate price and trade distortions that can negatively affect price incentivesand food security. |
| format | Journal Article |
| id | CGSpace177858 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1778582025-12-08T09:54:28Z How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission Nguyen, Chi Trung Morales, Luis Emilio Hoang, Nam Balié, Jean Valera, Harold Glenn rice food security price volatility trade exports market price policies agricultural credit Rising and unstable prices of rice and other staple foods threaten the food security of millions worldwide. These fluctuationsraise concerns about market response to price changes, especially regarding incentives for food production. This study investi-gates how the price dynamics in the Asian rice markets are affected by crises in low-quality rice by analysing monthly exportprice data for 25% broken rice for Vietnam, Thailand, India, and Pakistan. We test the rice price transmission and rice marketintegration of these countries using a vector autoregression (VAR) model. The results reveal a tendency for price signals to movetogether across our sample countries, despite variations in their rice production and consumption patterns. This suggests thatrice price shocks are transmitted between Asian exporting countries, particularly for low- quality rice. Furthermore, our analysissuggests that price dynamics in these markets are primarily influenced by crises affecting domestic agro-food chains and govern-ment policies related to price and trade. To improve production incentives during crises, governments could promote competitionamong traders, wholesalers, and input providers, and support farmers' income through supply oriented policies, including inputvouchers and agricultural credit. These policies can mitigate price and trade distortions that can negatively affect price incentivesand food security. 2025-07-05 2025-11-13T02:32:52Z 2025-11-13T02:32:52Z Journal Article https://hdl.handle.net/10568/177858 en Open Access application/pdf Wiley Nguyen, Chi Trung, Luis Emilio Morales, Nam Hoang, Jean Balié, and Harold Glenn Valera. "How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission." Australian Journal of Agricultural and Resource Economics 69, no. 4 (2025): 960-973. |
| spellingShingle | rice food security price volatility trade exports market price policies agricultural credit Nguyen, Chi Trung Morales, Luis Emilio Hoang, Nam Balié, Jean Valera, Harold Glenn How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title | How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title_full | How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title_fullStr | How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title_full_unstemmed | How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title_short | How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission |
| title_sort | how integrated are rice markets in asia effects of crises and rice export quality on price shock transmission |
| topic | rice food security price volatility trade exports market price policies agricultural credit |
| url | https://hdl.handle.net/10568/177858 |
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