cereal market

This paper evaluates spatial market integration in cereal markets in Sudan, focusing on wheat and sorghum, two major cereal crops. Sudan’s context provides important insights on the functioning of markets in economies marred by sanctions, conflicts, soaring inflation, and macroeconomic imbalances. We use long-ranging monthly cereal price data and a vector of error-correction cointegration model (VECM) to characterize both short-term and long-term spatial price adjustment across cereal markets