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LL601 Contamination and Its Impact on U.S. Rice Prices

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Author Info

  • Li, Yarui
  • Wailes, Eric J.
  • McKenzie, Andrew M.
  • Thomsen, Michael R.
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    Abstract

    LL601 is a genetically modified rice variety and unapproved for commercial use. Its presence was found in commercial shipments of U.S. rice in 2006. This article explores its impact on prices and volume marketed for both the United States and Thailand, the major export competitor. The results show a significantly adverse but short duration effect on the U.S. rice market and little to no effect on the Thai rice market.

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    File URL: http://purl.umn.edu/57154
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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

    Volume (Year): 42 (2010)
    Issue (Month): 01 (February)
    Pages:

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    Handle: RePEc:ags:joaaec:57154

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    Web page: http://www.saea.org/jaae/jaae.htm
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    Related research

    Keywords: cointegration; error correction model; event study analysis; GM contamination; LibertyLink Rice 601; U.S. rice exports; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies; C10; C32; Q11; A52;

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    Cited by:
    1. Kalaitzandonakes, Nicholas & Kaufman, James & Miller, Douglas, 2014. "Potential economic impacts of zero thresholds for unapproved GMOs: The EU case," Food Policy, Elsevier, vol. 45(C), pages 146-157.
    2. Mulvaney, Dustin & Krupnik, Timothy J., 2014. "Zero-tolerance for genetic pollution: Rice farming, pharm rice, and the risks of coexistence in California," Food Policy, Elsevier, vol. 45(C), pages 125-131.

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