Poultry firms: Russia ban has little impact on US
By JUSTIN JUOZAPAVICIUSAssociated Press
Regional companies say a Russian ban on imports of American poultry won't have a great impact on the industry because there are other countries clamoring for inexpensive meat.
Russian President Vladimir Putin called for restricting imports of certain commodities in retaliation for the U.S. and others imposing sanctions because of the situation in Ukraine.
A spokesman for Springdale, Arkansas-based Tyson Foods says any losses because of the import ban will be made up by exporting poultry to some of the other 130 countries it supplies.
Mike Cockrell, the treasurer and chief financial officer for Laurel, Mississippi-based Sanderson Farms, says other poultry markets have emerged to absorb any losses - including the countries of Angola, Mexico, the Philippines and South Korea, among others.Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.