In the article author allocated four approaches to the interpretation of category �efficiency�, namely: (1) target (qualitative); (2) resource; (3) resultant; (4) degree of implementation of planned indicators. Grounded allocation two categories of efficiency of functioning systems and subsystems � of market and sector. Proposed author's definition categories �efficiency of integrated commodity market�, namely: productivity the usage and the balance of intersectored movement of material, financial, labor and information resources for reproduction development of market system and increasing its integration level with ensuring the priority of interests the state and society. This definition develops of a resource-targeted approach to category �efficiency�. Efficiency of sector the integrated market can be interpreted in context of the resultant approach as a ratio of result to costs, which ensured its receipt. Defined three types of integration links between subjects of different sectors and markets: (1) sectored links; (2) inter-sectored links; (3) inter-market links � internal and external. Identified four stages of formation of integration links in multi-level of market systems: (1) establishment of links between elements of system; (2) strengthening links; (3) increasing the number of links; (4) emergence of new relationships, new integrative properties of the system. Substantiated the integration function of commodity market in macro system. The author proposed a conceptual approach to evaluating the effectiveness of integrated commodity market based on convergence of reproduction, logistics, integration and regulatory approaches, what forms the foundation of methodical assessment basis.