How convergent are rice export prices in the international market

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cg.authorship.typesCGIAR and advanced research instituteen
cg.authorship.typesCGIAR single centreen
cg.contributor.affiliationInternational Rice Research Instituteen
cg.contributor.affiliationWaikato Universityen
cg.contributor.donorCGIAR Trust Funden
cg.contributor.initiativeMarket Intelligence
cg.coverage.countryIndia
cg.coverage.countryPakistan
cg.coverage.countryThailand
cg.coverage.countryUruguay
cg.coverage.countryUnited States
cg.coverage.countryVietnam
cg.coverage.iso3166-alpha2IN
cg.coverage.iso3166-alpha2PK
cg.coverage.iso3166-alpha2TH
cg.coverage.iso3166-alpha2UY
cg.coverage.iso3166-alpha2US
cg.coverage.iso3166-alpha2VN
cg.coverage.regionAsia
cg.coverage.regionAmericas
cg.coverage.regionSouthern Asia
cg.coverage.regionSouth-eastern Asia
cg.coverage.regionSouth America
cg.coverage.regionNorthern America
cg.creator.identifierHarold Glenn Valera: 0000-0002-6475-3672
cg.creator.identifierValerien Pede: 0000-0002-0178-6602
cg.creator.identifierJean Balié: 0000-0003-3872-5982
cg.howPublishedFormally Publisheden
cg.identifier.doihttps://doi.org/10.1111/agec.12758en
cg.isijournalISI Journalen
cg.issn0169-5150en
cg.issue1en
cg.journalAgricultural Economicsen
cg.reviewStatusPeer Reviewen
cg.subject.actionAreaGenetic Innovation
cg.subject.impactAreaGender equality, youth and social inclusion
cg.volume54en
dc.contributor.authorValera, Harold Glenn A.en
dc.contributor.authorHolmes, Mark J.en
dc.contributor.authorPede, Valerien O.en
dc.contributor.authorBalié, Jeanen
dc.date.accessioned2024-01-19T20:30:50Zen
dc.date.available2024-01-19T20:30:50Zen
dc.identifier.urihttps://hdl.handle.net/10568/138194
dc.titleHow convergent are rice export prices in the international marketen
dcterms.abstractThis study revisits the issue of long‐term price convergence of rice export prices for India, Pakistan, Thailand, Uruguay, the United States, and Vietnam using a two‐stage pairwise unit root testing approach. To deduce evidence or lack of proof of convergence in price series, we also examine convergence using sigma and beta convergence specified in both unconditional and conditional frameworks. The methodology used is driven by the need to address three key concerns: (i) the likelihood of finding stationary price differentials, (ii) the magnitude of these differentials, and (iii) their speed of adjustment. To evaluate these concerns, we use monthly data for 18 price series drawn from these six countries from September 2011 to February 2021. The evidence points to a lack of international convergence. This gives rise to the possibility that a shield from a general downward export price trend is already in place for some exporters. Furthermore, we find that the likelihood of convergence is greater between pairs of price series that are characterized as high quality or having the same country of origin or having similar market share. Evidence also suggests that a converged pairing is more likely to have a smaller price differential if both price series are for low‐quality rice.en
dcterms.accessRightsLimited Access
dcterms.audienceCGIARen
dcterms.audienceFarmersen
dcterms.audienceDonorsen
dcterms.audienceGeneral Publicen
dcterms.audienceAcademicsen
dcterms.available2023-01-06
dcterms.bibliographicCitationHarold Glenn A.; Valera, Mark J.; Holmes, Valerien O.; and Pede, Jean Balié (2023). How convergent are rice export prices in the international market? Agricultural Economics 54(1): 127-141. https://doi.org/10.1111/agec.12758en
dcterms.extent127-141en
dcterms.issued2023-01
dcterms.languageen
dcterms.licenseCopyrighted; all rights reserved
dcterms.publisherWileyen
dcterms.subjectexportsen
dcterms.subjectriceen
dcterms.subjectpricesen
dcterms.subjectinternational trade policiesen
dcterms.subjectmarket regulationsen
dcterms.typeJournal Article

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