How Integrated Are Rice Markets in Asia? Effects of Crises and Rice Export Quality on Price Shock Transmission

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Price shocks in Asian rice markets reveal a tendency for prices to move together across countries, indicating integration.
The study found significant price transmission dynamics related to low-quality rice among Vietnam, Thailand, India, and Pakistan.
Analysis employed a vector autoregression model to examine rice price dynamics and assess market integration levels.
Recommendations suggest promoting competition among traders and supporting farmers to enhance food security during crises.

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Observational analysis shows price shocks for rice are transmitted in Asia, indicating market integration challenges.

Nguyen et al. (2025) studied this question.

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