Spatial Market Integration of Rice in the World

Time series data (1966 to 2017) that covered prices of six selected major exporting rice markets in the world were used determine integration world. The collected analyzed using both descriptive and inferential statistics. In spite long-run price association among markets, poor extent market co-integration made law one (LOP) not hold i.e. elusive these markets. Except for Pakistan China all remaining quite competitive as they have a high degree integration- stable equilibrium absolved any short-run shocks generate discontinuity asymmetric responses. has dominant role formation its contemporary five while viz. leverage effect (inventory accumulation) is affected by local shock emanated from However, generated felt Furthermore, it was observed international trade marketing very useful Cambodian; USA, volatility their respective current persistent. Based on forecast, can be inferred will adjust according supply demand. Therefore, development single integrated economic world, there need strengthen linkages interconnectedness faster transmission commodity management efficient allocation. This achieved enhancing infrastructure assaying, grading, sorting, standardization, quality assurance, physio-sanitary standardization; use e-trade e-commerce, value addition, transportation, other back-end chain.