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

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.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,