Business news from Ukraine

Business news from Ukraine

Ministry of Economy of Ukraine plans to resolve issue of soybean and rapeseed exports

A mechanism for confirming exporters as commodity producers, which will allow them to avoid paying the recently introduced 10% duty on exports of soybeans and rapeseed, should be in place by the end of next week, said Deputy Minister of Economy, Environment, and Agriculture of Ukraine Denys Bashlyk.

“It will be as convenient as possible, the software is already 90% ready. The Cabinet of Ministers will make a decision next week,” he said at the Forbes Agro conference in Kyiv on Friday.
Bashlyk noted that there are currently situations where producers export and are forced to pay duties because there is no such confirmation mechanism.

According to him, the confirmation mechanism is planned to be implemented through the state agricultural register so that it does not take too much time, does not require “a million references” and the need to confirm each batch.
As for the duties already paid by commodity producers, the government is preparing amendments to the law on the state budget for 2025, which will allow the return of duties already paid, the deputy minister said.

In general, he noted that the Ministry of Economy is against the abolition of the 10% duty on exports of soybeans and rapeseed.
“We understand the risks that farmers may face, but it should be noted that there is another side to this story — the creation of a separate fund to which the paid duties will be transferred. And so, should the abolition of these so-called soybean amendments be on the agenda today? No, it should not,” Bashlyk said.

Farmers at the Forbes Agro conference criticized the introduction of this duty because, in their opinion, processors at the beginning of the war, due to logistics problems, received high profits at the expense of agricultural producers, and now processing does not require such privileges and should pay the market price for raw materials, competing with importers. According to the speakers, these duties will result in a reduction in rapeseed and soybean crops and a deterioration in crop rotation.

The head of Ukraine’s largest oil producer, Kernel, Yevgen Osipov, canceled his planned interview at the conference, and the founding editor of Forbes Ukraine, Volodymyr Fedorin, who was supposed to conduct the interview, said that Osipov did not like the publication’s article criticizing the duty.

As reported, Law No. 13157, signed by the president on September 2, stipulates that agricultural producers and cooperatives that export their own products will be exempt from paying duties. However, due to the lack of clear rules for documentary confirmation of the origin of goods, the mechanism does not actually work, and the export of oilseeds has been largely blocked.

A number of agricultural associations, including the All-Ukrainian Agrarian Council (VAR), the Ukrainian Agribusiness Club (UAC), the Ukrainian Grain Association (UGA), the Ukrainian Agrarian Confederation, as well as the European Business Association and the American Chamber of Commerce, have appealed to the Cabinet of Ministers and the Verkhovna Rada to repeal the law establishing a 10% duty on exports of soybeans and rapeseed as soon as possible.

On September 19, MP Yaroslav Zheleznyak (Voice faction) registered a corresponding bill No. 14055 on the repeal of the “soybean and rapeseed amendments.”

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ECA supported UAH 282.7 mln in exports in August

The Export Credit Agency (ECA) supported UAH 282.7 million in exports in August 2025, according to the ECA website.

Among banks, the agency’s largest partners during this period were Kreditvest Bank, which provided support for exports worth UAH 156.6 million by lending UAH 102.2 million to businesses, Oschadbank, which provided UAH 59.2 million, and Ukrgasbank, which issued UAH 22.1 million in loans, providing UAH 39.9 million in future export proceeds.

In August, the ECA’s services were most used by exporters in Kyiv (UAH 179.1 million in supported exports), the Kyiv region (UAH 25.4 million), and the Lviv region (UAH 23.9 million).

Among the importing countries, Germany remains one of the key destinations, with exports worth UAH 104.8 million. Deliveries to India will amount to UAH 59.2 million, to Moldova — UAH 36.5 million, to the United Kingdom — UAH 25.4 million, and to Poland — UAH 23.9 million.

In terms of product structure, the largest exports will be furniture and interior items, various ready-made food products, wood and wood products, mixtures of vegetable and milk fats, cocoa and cocoa products.

The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-raw material exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.

 

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In August, Ukraine exported 168 mln eggs, with Spain being leading destination

In January-August 2025, Ukraine exported nearly 1.4 billion eggs worth $119.5 million, which is 2.6 times more than in the same period of 2024, according to the Ukrainian Poultry Union.

The industry association noted that in August, Ukrainian producers exported 168.2 million eggs worth a total of $16.4 million, which is 81.9% more than in the same period of 2024.

The main buyers of Ukrainian eggs in January-August 2025 were Spain (11% of total exports), Croatia (10.9%), and the United Kingdom (10.6%).

The largest shipments in August were to Spain (37.1 million eggs), the Czech Republic (28.9 million eggs), and Poland (21.7 million eggs).

 

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Ukraine discusses expansion of agricultural trade with US, particularly exports of meat and eggs

Ukraine has the potential to expand bilateral agricultural trade with the US, particularly in the export of meat, eggs, corn, and queen bees, according to the State Service for Food Safety and Consumer Protection following a working visit to the US by the agency’s head, Serhiy Tkachuk.

The State Service noted that during the visit, Tkachuk held meetings with representatives of three departments of the US Department of Agriculture.

Together with the USDA Foreign Agricultural Service (FAS), the parties discussed increasing bilateral trade in agricultural products. Ukraine has the potential to replace Russian and Chinese products on the American market, the agency assured. Particular attention was paid to opening the US market for Ukrainian poultry and eggs.

Negotiations with the USDA Food Safety Inspection Service (FSIS) focused on access to the US market for Ukrainian poultry meat and eggs. The State Service of Ukraine for Food Safety and Consumer Protection has already provided all the necessary information and expressed its readiness to undergo inspections, including online. This practice has been successfully applied in cooperation with the United Kingdom, Canada, and the EU.

The Ukrainian side emphasized the importance of moving forward with applications for the export of pork and beef, and the FSIS confirmed its readiness to begin technical consultations.

The meeting with the USDA Animal and Plant Health Inspection Service (APHIS) was devoted to the epizootic situation, the procedure for assessing the status of diseases, and inspections.

In addition, the meetings discussed the prospects for exporting Ukrainian corn and queen bees. The American side positively assessed the dynamics regarding corn and promised to consider the issue of bees in the near future.

“These dialogues confirm that even in times of war, the Ukrainian agricultural sector remains a reliable and promising partner. We feel the support of our American colleagues and their willingness to move forward in opening up new opportunities for Ukraine,” concluded the head of the State Food and Consumer Service.

 

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Manganese ore exports fell by 82% in 8 months

In January-August of this year, Ukraine reduced manganese ore exports by 82.2% compared to the same period last year, to 8,014 thousand tons, but in August, it stepped up deliveries.

According to statistics released by the State Customs Service (SCS), while deliveries in the first seven months of 2025 amounted to 2,977 thousand tons, exports more than doubled in August, when 5,037 thousand tons were exported.
In monetary terms, exports for the first eight months of 2025 fell by 79.8% compared to the same period in 2024, to $1.329 million.

The main exports were to Slovakia (97.89% of shipments in monetary terms) and Poland (2.11%).
There were no imports of manganese ore during this period.

As reported, in January 2024, Ukraine exported 44,903 thousand tons of manganese ore worth $6.563 million to the US, breaking a two-year absence of supplies to foreign markets. In February-December 2024, there were no exports of manganese ore.
At the same time, for the whole of 2024, the country imported 84,293 thousand tons worth $18.302 million from Ghana (98.85%), Brazil (0.99%), and Belgium (0.11%). There were no imports in October-November.

Ukraine did not export manganese ore in 2022 and 2023, and in 2021 it exported 770 tons worth $89 thousand.

In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both in Dnipropetrovsk region), which are part of the Privat Group, stopped mining and processing raw manganese ore in late October-early November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.

PGZK and MGZK did not produce any products in 2024, while in 2023, PGZK produced 160.31 thousand tons of manganese concentrate, and MGZK was idle.
In Ukraine, manganese ore is mined and enriched by the Pokrovsky and Marganets mining and enrichment plants.

The consumers of manganese ore are ferroalloy enterprises.

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Tin imports increased by 43%, exports fell threefold

In the first eight months of 2025, Ukraine increased imports of tin and tin products by 42.9% to $2.632 million (in August – $294,000).

Exports fell almost threefold to $104,000 compared to $344,000 last year (in August – $3,000).

Tin is mainly used as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in white tin (tinned iron) for the manufacture of food containers, in solders for electronics, in domestic piping, in bearing alloys, and in coatings of tin and its alloys. The most important tin alloy is bronze (with copper).

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