Abstract
This paper investigates the spatial integration of Niger cereal markets using monthly retail prices of four staple crops consumed daily in the country. We used co-integration techniques to analyze the price relationship between six main markets. The results revealed high co-integration in Millet and Maize market pairs. On the Contrary, the study indicates also high absence of co-integration in most of Rice and Sorghum markets. Many factors such as poor infrastructures, government interventions, may be major impediments to spatial integration between markets. Development of private grain marketing will help to improve trading between markets, thereby increasing competition and circulation of grain from surplus areas to supply deficit areas.
Highlights
This paper investigates the spatial integration of Niger cereal markets using monthly retail prices of four staple crops consumed daily in the country
The objective of this study is to examine the spatial cereal market integration in six important markets in Niger
The co-integration technique was applied on monthly retail prices of four main cereal crops
Summary
This paper investigates the spatial integration of Niger cereal markets using monthly retail prices of four staple crops consumed daily in the country. The role of the Government of Niger in cereal production and marketing has been significantly reduced since the 1990s and food prices are determined by market forces (World Bank, 2009).With market liberalization, most households depend on market for food supply. This market dependence increases in years of poor agricultural production. Minot (2011) examined the impact of transmission of world food price changes to markets in 11 countries of Sub-Saharian Africa using co-integration and Vector Error Correction Model (VECM) techniques
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