During the full-scale invasion, Ukraine commissioned 3 million tons of oilseed processing capacity, with the same amount planned and under construction, so there were underutilized enterprises in the country, said Minister of Economy, Environment, and Agriculture Oleksiy Sobolev in an interview with Forbes Ukraina.
“In September, rapeseed oil exports increased 4.5 times compared to August, turning raw material exports into processed products. The state receives a fiscal effect from duties on soybeans and rapeseed, the proceeds of which are directed to a special fund to support the agricultural sector, in particular the frontline territories, i.e., the main goal of the duty is being achieved,” he commented on the results of the introduction of a 10% export duty on soybeans and rapeseed.
The minister noted that to ensure the proper functioning of this mechanism, the government adopted an experimental resolution stipulating that producer-exporters do not pay duties like the rest. In particular, the resolution specifies the method by which a producer confirms that they have grown a particular crop and are entitled to exemption from duties.
In addition, Ukraine is introducing monitoring through the State Agrarian Register to form a unified system of soybean and rapeseed exporters.
Sobolev added that a mechanism for exchanging information between customs and tax authorities is currently being developed with a view to transitioning to an automatic mode in the future. This will be an IT solution, similar to the electronic VAT administration system (SEA VAT), which will be operational by September 2026.
“After the end of the marketing years, we will be able to evaluate the results. Preliminary data already indicate an increase in the share of domestic processing of rapeseed and soybeans,” the Minister of Economy concluded.
Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk region) ended January-September of this year with a loss of UAH 108.9 million, while for the same period last year, net profit amounted to UAH 73.7 million.
According to the financial report published on the plant’s website, net income increased by 51% to UAH 1 billion 174 million.
NKMZ received UAH 268 million in gross profit, up 6%, with UAH 92.6 million in operating losses (UAH 2.4 million for the same period last year).
Products worth UAH 919.6 million were exported, accounting for 78.3% of total revenue (82% a year earlier).
India was the largest importer of products, with deliveries increasing by 15.5% to UAH 423.8 million. Exports to Lithuania increased by 57.5% to UAH 137.8 million, to Poland by 3.6 times to UAH 12.4 million, and to
Kazakhstan amounted to UAH 17 million compared to UAH 1.1 million last year.
Products were also supplied to countries to which there were no deliveries in January-September 2024, in particular, to Bulgaria – worth UAH 84.3 million, and China – worth UAH 48 million.
Deliveries to Ukrainian customers increased by 86.4% to UAH 254.7 million.
As reported, the plant ended the first half of this year with a loss of UAH 61.2 million, which is seven times more than in the same period last year, with net income more than doubling to UAH 795.5 million.
Thus, in the third quarter of this year, NKMZ incurred a loss of UAH 47.7 million, while in the same period of 2024, net profit amounted to UAH 82.2 million. Net income decreased by 5% to UAH 378.7 million.
“The company’s activities in the fourth quarter of 2025 and in 2026 will most likely be limited,” the report states.
NKMZ reminds that the company is located in the frontline territory, and the most important factor remains its activities “in the context of the Russian Federation’s military aggression against Ukraine.” This has led to a significant reduction in production volumes and has resulted in the irregular nature of production and economic activities. In particular, in October-December of this year, it is expected to manufacture and sell commercial products worth UAH 327 million, 5,000 tons of liquid steel (4,800 tons were produced in the third quarter), 300 tons of steel castings (284 tons), 3,600 tons of forgings (3,570 tons), and 5,700 model sets and packages (5,370) are expected to be produced and sold.
“The draft production plans for 2026 include 12,000 tons of machinery and equipment for the metallurgical, mining, and construction industries, lifting and loading and unloading equipment, and spare parts,” the report says.
According to the report, the value of contracts concluded but not yet fulfilled as of September 30, 2025, amounted to UAH 672.95 million. The expected profits from their fulfillment are UAH 171.87 million.
NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolling, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic and railway equipment.
As reported, NKMZ’s capacities were forced to be mothballed with the start of the full-scale military invasion of Ukraine by the Russian Federation, and on October 1, 2023, it began to partially resume operations.
The plant ended last year with a net profit of UAH 36.3 million, while in 2023, the loss amounted to UAH 856.93 million, and net income increased 3.2 times to UAH 1.15 billion, in particular, products worth UAH 941.3 million (82%) were exported.
For the current year, the plant has preliminarily planned to increase sales by 81.5% compared to 2024, to UAH 2.08 billion.
The number of employees at the beginning of 2025 was 5,660.
Ukraine will open offices in Berlin and Copenhagen this year to sell arms for export, Ukrainian President Volodymyr Zelenskyy has announced.
“We are opening two export capitals. You know that this is co-production and export, which we talked about, of weapons that we can afford to sell in order to have additional money for our domestic production of scarce items, for which we do not have enough money,” Zelensky said at a briefing on Monday.
According to the president, the opening of the first two representative offices was decided not at the level of companies that will be involved in co-production, but at the level of states.
“The first two capitals are our representative offices, Berlin and Copenhagen. This will happen this year,” the president added.
Ukraine may export an additional 46,000 tons of sugar to the EU as early as 2025, according to a statement by the National Association of Sugar Producers of Ukraine “Ukrtsukor” on its Telegram channel.
The industry association recalled that on October 29, 2025, an updated trade agreement between Ukraine and the European Union came into force, which provides for a 400% increase in the tariff quota for white sugar to 100,000 tons. As part of the agreements reached, the quota for the current year has also been revised, which will allow Ukrainian sugar producers to export an additional 46,625.8 tons of white sugar to the EU by the end of 2025.
According to Cabinet of Ministers Resolution No. 1368 of October 29, 2025, this volume will be distributed among exporters in proportion to the volume of exports of the specified products to the EU during January-May 2025.
Ukrtsukor specified that in October 2025, Ukraine exported 44.4 thousand tons of sugar worth over $20 million, of which only 2% was supplied to EU markets. Lebanon was the leader in terms of export volume, receiving 48% of all sugar. Syria and North Macedonia were also among the top three importers of Ukrainian sugar in October.
The moratorium on the export of unprocessed timber from Ukraine, which was introduced on November 1, 2015, for 10 years, has been temporarily extended by a decision of the Cabinet of Ministers of Ukraine until the end of the year in the form of a zero export quota.
“At the request of businesses, the government has made an important decision to temporarily ban the export of unprocessed timber. This is a necessary step to take care of people in winter, preserve the work of our enterprises, and reduce the burden on the environment,” Ukrainian Prime Minister Yulia Svyrydenko wrote on Friday on Telegram following her trip to the Rivne region.
She noted that the volume of logging in Ukraine has significantly decreased during the full-scale invasion by the Russian Federation. “Enterprises that could be operating are idle or working at minimum capacity due to a lack of wood. The army needs wood for its own needs. Life in rural communities, where firewood is a key resource for heating in winter, depends on the availability of wood,” the head of government wrote.
In addition, according to Svyrydenko, the war has caused significant damage to the environment, as part of the forests are temporarily occupied or damaged by hostilities. “Therefore, timber exports will create an additional burden on the environment,” the prime minister noted.
“The decision provides for export licensing – a zero quota until the end of the year. We continue to work on further steps to systematically address the timber shortage,” Svyrydenko said.
The head of the State Forest Resources Agency of Ukraine, Viktor Smal, previously told the agency that according to the law adopted in 2015, the moratorium on the export of unprocessed timber of all tree species, except pine (a 10-year moratorium was introduced for pine on January 1, 2017), will end on November 1, 2025.
Smal clarified that the extension of the moratorium for the duration of martial law and for another 10 years after it is provided for in the draft law on the timber market, which is currently being prepared for its first reading.
“In my opinion, 10 years is definitely enough to recover from all these shocks in terms of production and investment,” said the head of the State Forestry Agency.
He believes that the moratorium has been beneficial because a large number of production facilities have expanded and opened in Ukraine. “If we look at the structure of our exports, we will see that the depth of our wood processing leaves much to be desired. We should try to make not boards, not beams, not pallets, but cribs, kitchen chairs, tables, and export them,” Smal added.
As reported, in January-August 2025, Ukraine exported $1,131.3 million worth of wood and wood products, which is 15.5% more than in January-August 2024. However, during the same period, wood and wood products worth $160.5 million were imported, which is 8.8% more than in January-August 2024.
During this period, wood and other fibrous cellulose materials worth $186.2 million were exported (19.1% more than in January-August 2024), and $594.3 million worth were imported (1.7% less than in January-August 2024).
Elvorti (Kropyvnytskyi), a manufacturer of sowing and soil cultivation equipment, earned nearly UAH 1.5 million in net profit in July-September 2025, compared to a loss of nearly UAH 6.4 million in the same period of 2024.
This result is based on the company’s interim financial report for nine months, published on Wednesday, according to which it increased its loss by 27.8% compared to January-September 2024, to UAH 15.9 million.
Earlier it was reported that in the first half of this year, the loss amounted to UAH 17.5 million (almost three times more than in the same period last year).
According to the report, Elvorti increased its net income by 18.5% in January-September, to UAH 502.8 million.
As reported, in January-June 2025, the company’s net income increased by 27.8% compared to the same period in 2024, to UAH 339 million. Thus, in the third quarter of this year, it increased by 3% to UAH 163.7 million.
According to the report, in the third quarter, the company exported products worth UAH 52.4 million, which accounted for 32% of sales for this period (in the second quarter – UAH 25.1 million). The main export markets are Kazakhstan, Moldova, Bulgaria, Latvia, and Romania.
In July-September, in particular, 115 seeders worth UAH 61.8 million, one cultivator worth UAH 616,000, 91 harrows worth UAH 30.4 million, four sprayers worth UAH 3.5 million, and two construction and road machines worth UAH 5.3 million were manufactured.
The average selling prices of seed drills were UAH 618,200, cultivators – UAH 326,600, harrows – UAH 357,600, and sprayers – UAH 1 million.
The company notes that Elvorti’s range of equipment is in seasonal demand, particularly seed drills and sprayers.
The main buyers of the equipment were, in particular, the Ukrainian companies “Tekhnotorg Don,” “Agro-Resource,” and “Agroprommontazh,” as well as Agropiese TGR Grup (Moldova) and Optikom OOD (Bulgaria).
Elvorti JSC, part of businessman Pavel Shtutman’s Elvorti Group, specializes in the production of sowing and soil cultivation equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row soil cultivation, and disc harrows for resource-saving soil cultivation.
Last year, the company reduced its losses by more than three times compared to 2023, to UAH 27.6 million, while its net income grew by 16.3% to UAH 570.5 million. This year, it plans to increase its revenue to UAH 712 million and break even.
As of September 30, 2025, the company employed 373 people.
