The Rada proposes to zero out the export duty on soybeans, rapeseed and sunflowers

According to lawmakers, this decision can increase the purchase prices for oilseeds, increase their working capital and help preserve the sown areas.

Two bills have been registered in the Verkhovna Rada, which provide for the temporary abolition of the export duty on soybeans, rapeseed and sunflower. Elevatorist writes about this.

The documents differ in the terms of the zero rate and the moment from which it should come into effect. Currently, both projects are being processed by the parliamentary Committee on Finance, Tax and Customs Policy.

The main bill No. 15522 was registered by MP Serhiy Bunin on August 18. It proposes to establish a zero rate for all exporters for three years, regardless of the form of ownership or status of the producer.

At the same time, the document contains a contradiction regarding the start of the norm: on the one hand, it refers to the entry into force of the law, and on the other, to the period not earlier than the termination or abolition of martial law.

According to the author of the bill, the zeroing of the duty could increase the purchase prices for oilseed crops for farmers by 8–12%, increase their working capital, and help preserve the sown areas.

Alternative bill No. 15522-1, introduced by Andriy Bohdanets on August 20, provides for the zeroing of the duty immediately after the law enters into force. The zero rate will be in effect until the termination or cancellation of martial law, but for at least two years.

The authors of both documents link the need to cancel the duty with the deterioration of conditions for the export of agricultural products. Among the problems, they name low purchase prices, additional administrative procedures, delays during exports, and the loss of competitiveness of Ukrainian products in foreign markets.

The day before, USM reported that the export of Ukrainian oil had halved due to the suspension of sea transportation.