Sanderson CFO: Russian food ban motivated by politics

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LAUREL, Miss. – Mike Cockrell, chief financial officer of Sanderson Farms, America's third-largest poultry producer, said Russia’s most recently imposed food import bans was purely a political move when interviewed last night on NBC Nightly News about how Russian sanctions on food imports will most likely hurt business, the Clarion-Ledger reported.

Bans on imports of meat, fish, fruit, vegetables, milk and milk products from the United States, the European Union, Australia, Canada and Norway are expected to be in place for one year.
Sanderson Farms is trying to acquire new customers after Russia banned some food imports from the West yesterday. When NBC Nightly News reporter Andrea Mitchell asked Cockrell what he thought Vladimir Putin is doing, he responded, "I think its politics. He's searching for however he can retaliate against the United States and the West and he's picked agriculture."

On one hand, Russia’s move could cost the importing countries billions of dollars, but it will also likely hurt the Russian people because they depend heavily on imported foods.

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READER COMMENTS (3)

By jim garvalia 8/8/2014 2:47:17 PM
how soon if ever will we see a drop of prices, due to the Russian ban on imports.I assume this will cause a bit if a surplus,or will the producers just cut production?

By David Young 8/8/2014 9:51:18 AM
This is to Marjorie. We need more Americans to respond the way you did. God Bless

By Marjorie Fowler 8/7/2014 3:17:34 PM
I'm 81 years old and have a very large family and lots of friends. If possible, please email me a list of all outlets that retail Sanderson Farms chicken. I will do my best to see that every contact I make will pledge to buy at least 1 chicken a week to replace Mr. Putin's revenge cancellation of Russia's orders.