Potential impacts of foodborne illness incidences on market movements and prices of fresh produce in the U.S
2010
Palma, Marco A. | Ribera, Luis A. | Bessler, David | Paggi, Mechel | Knutson, Ronald D.
This study investigates the potential impacts of food safety outbreaks on domestic shipments, imports, and prices of the produce industry. Three case studies were analyzed to assess these potential impacts: the cantaloupe outbreak of March-April 2008, the spinach outbreak of September 2006, and the tomato outbreak of June- July 2008. Data-determined historical decompositions were conducted to provide a weekly picture of domestic shipment, import, and price fluctuation transmissions. The empirical analysis based on a vector autoregression (VAR) model showed differences in the results depending on the source of the outbreak (domestic vs. imported).
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