Soybeans

Ukrainian processors will limit soybean purchases if its supply increases sharply, as they have already purchased large volumes of sunflower at high prices.

The mechanism for preferential export of soybeans and rapeseed, which allows exporting products without a 10% duty, has been approved and is being finalized.

The Cabinet of Ministers has developed a mechanism that will allow farmers to export grown soybeans and rapeseed without paying export duty.

The company’s director intentionally failed to declare income from the purchase and sale of soybeans, which were to be exported from one of the ports of the Odesa region.

Ukrainian analysts believe that the abolition of duties on soybean and rapeseed exports creates even greater uncertainty in the market.

Farmers who agreed to pay the export duty on rapeseed are simultaneously collecting documents for claims for its reimbursement.

Soybean and rapeseed shipments were effectively blocked after the introduction of a 10% export duty.

In January 2026, the EUDR (European Union Deforestation Regulation) regulation will come into effect, which may create new non-tariff barriers to soybean exports to the EU.

The soybean exporting company avoided paying taxes in the amount of UAH 4.2 million.

In September-June 2022/23, Ukraine exported about 3 million tons of soybeans, which became a record seasonal volume of shipments to foreign markets in the entire history.