BioMar CEO on Russian exit: 'It was a tough decision, but it was the right decision'

Danish feed company BioMar’s early decision to cut all ties with the Russian market following its invasion of Ukraine did not set a precedent for other major international feed companies, to the surprise of BioMar CEO Carlos Diaz.

BioMar announced on March 5, nine days after Putin’s invasion of Ukraine, that it would shut down all trade activities with Russia.

The move included sales of finished products and the raw material sourcing. BioMar’s biggest competitors, feed giants US-based Cargill and Nutreco-backed Skretting, however, took a different approach and decided to keep some of their operations in the country.