Business news from Ukraine

Business news from Ukraine

Export duties on soybean and rapeseed have proven effective—Kisilevsky

In the 2025–26 marketing year, rapeseed processing in Ukraine increased 2.7-fold, and rapeseed oil exports increased 2.5-fold compared to the previous marketing year. In total, 42% of the rapeseed harvest was processed domestically (last year this figure was 15%), which is an all-time record since the crop began to be grown in Ukraine. Foreign exchange earnings from rapeseed oil exports more than tripled, reaching $588 million.

This was reported by Dmytro Kysilevsky, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, citing data from the “Ukroliyaprom” association. He also noted that the share of domestic processing of the soybean harvest in the 2025–26 marketing year rose from 39% to 54.2% (also a historic record for processing). Despite a decline in the soybean harvest from 6.6 million metric tons to 4.8 million metric tons, foreign exchange earnings from exports of soybean oil and meal rose by 12.3%, to $1.02 billion.

Compared to the previous marketing year, the harvested areas for these crops changed insignificantly: rapeseed +15.7%, soybeans -3.9%. In total, the area planted with these crops increased from 3.25 million hectares to 3.37 million hectares.

According to the Ministry of Agrarian Policy, additional revenue to the state budget from export duties on soybeans and rapeseed amounted to 2.174 billion UAH for the marketing year, i.e., for the period from September 2025 to August 2026.

“These figures show that export duties on soybeans and rapeseed have been effective: the share of processing has increased—Ukrainian plants have seen higher utilization rates; the area under cultivation has expanded—farmers consider these crops profitable to grow; and the budget has received additional revenue from duties as well as from plant operations. Step by step, Ukraine is moving away from low-value commodity exports, increasing processing, foreign exchange earnings, and tax revenues, and developing new plants that offer decent wages for Ukrainians. “When Ukraine exports processed products rather than soybeans and rapeseed, the growth in foreign exchange revenue per metric ton of exports ranges from 30% to 50%,” noted Dmytro Kysilevsky.

On July 16, 2025, the Verkhovna Rada of Ukraine approved the introduction of a 10% export duty on soybeans and rapeseed. The duties took effect on September 4, 2025.

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Ukrainian farmers have planted winter grains on more than 741,000 hectares

As of September 23, Ukrainian farmers had planted 741,400 hectares with winter grains, or 14.2% of the projected area, and 958,800 hectares with winter rapeseed, or 86.7% of the projection, according to the press service of the Ministry of Agrarian Policy and Food.

Specifically, 662,400 hectares (14.6% of the forecast) have been planted with wheat and triticale (a hybrid of wheat and rye – IF-U), 53,100 hectares (8.9%) with barley, and 25,800 hectares (33.6%) with rye.

The largest areas of winter grains have been planted in the Mykolaiv region—101,000 hectares, including 79,000 hectares of wheat and triticale and 22,000 hectares of barley.

In the Poltava region, 91.3 thousand hectares have been planted, of which 87.3 thousand hectares are wheat and triticale, and 4 thousand hectares are rye.

In the Dnipropetrovsk region, 86,300 hectares have been planted with winter grains, including 84,000 hectares of wheat and triticale, 2,100 hectares of barley, and 200 hectares of rye.

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UGA has called for repeal of 10% export duty on soybeans and rapeseed

The Ukrainian Grain Association (UGA) is urging the Verkhovna Rada and the government to repeal the 10% export duty on soybeans and rapeseed, the association reported.

According to the association’s estimates, in the 2025/26 marketing year, Ukraine exported 2.7 million metric tons of soybeans, compared to 3.8 million metric tons in the previous season, and 1.82 million metric tons of rapeseed, compared to 3.2 million metric tons. The UGA considers the introduction of the export duty to be one of the key reasons for the decline in exports of these crops.

The association notes that the additional 10% export duty diverts a portion of revenue from the production chain and increases the financial burden on agricultural producers, especially small and medium-sized ones, for whom selling their harvest at a competitive export price is crucial for covering loan payments, land rent, fuel, fertilizers, plant protection products, and labor costs.

The UZA also notes that the government has streamlined the procedure for confirming farmers’ eligibility for duty exemptions on their own-grown produce through the State Agrarian Register. However, in the association’s view, this mechanism does not address the systemic problem, as a significant portion of Ukrainian soybeans and rapeseed passes through the commercial distribution chain.

According to the UZA, export restrictions create imbalances in the domestic market and limit producers’ ability to choose the most economically viable sales channel. The association considers it important to maintain the ability to export products to markets where there is demand and where producers can obtain competitive prices.

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Ukraine Expects Oilseed Crop of About 20 Million Metric Tons

Ukraine’s oilseed crop is expected to total about 20 million metric tons, Minister of Agrarian Policy and Food Taras Vysotsky said at a briefing on Friday.

“Preliminary estimates indicate a sunflower harvest of about 12 million metric tons. We have harvested 4 million metric tons of rapeseed. We expect the soybean harvest to be about 4 million metric tons as well,” Vysotsky said.

He also noted that once the sunflower harvest is complete, there may be adjustments in the range of 1–1.5 million metric tons. According to him, this is because sunflowers are grown by small-scale farmers who are not required to submit statistics and, consequently, do not do so.

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“TAS Agro,” IMC, and “Eridon” Will Maintain Their Winter Wheat Planting Areas

The agricultural holdings TAS Agro, IMC, and Eridon do not plan to reduce their winter wheat acreage, while HarvEast intends to decrease grain crops in favor of sunflowers and soybeans, company representatives reported during a survey at the 17th International Conference “Effective Management of Agricultural Companies” (LFM 2026).

Oleg Zapletnyuk, CEO of “TAS Agro,” noted that the company will maintain its wheat acreage, as this crop plays an important role in crop rotation: wheat is the primary preceding crop for rapeseed. According to him, rapeseed currently accounts for the bulk of the company’s revenue and liquidity.
“TAS Agro” has already completed sowing the planned 15,000 hectares of rapeseed and is continuing to sow wheat. At the time of the survey, approximately 35% of the planned acreage had been sown, Zapletnyuk noted.

The IMC agricultural holding also has no intention of reducing its wheat acreage. Its CEO, Oleksandr Verzhikhovsky, reported that the company plans to plant 2,700 hectares of wheat.
Serhiy Krolevets, the owner of “Eridon,” said that due to unfavorable weather conditions, the company has practically abandoned rapeseed planting. The company plans to plant wheat at roughly the same level as last year, although work is currently being carried out in dry soil while awaiting rainfall.

Meanwhile, the HarvEast agricultural holding plans to reduce the acreage planted with wheat and corn in favor of sunflowers and soybeans. CEO Dmytro Skornyakov explained this by the need to ensure the business’s economic stability in the coming season.
“… Oilseeds are currently much more profitable, and we will increase sunflower and soybean acreage while reducing corn and wheat,” he said.

Maria Osyka, Director of Strategic Development at the Agroprosperis agricultural group, announced plans to plant 10,000 hectares of seed wheat and 55,000 hectares of rapeseed.

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Purchase price of sunflower seeds in Ukraine rose by 5% over week

The purchase price of sunflower seeds for domestic processing in Ukraine rose by $23 over the week—to $483 per metric ton on a CPT mill basis—while rapeseed prices rose by $5, to $485 per metric ton, according to brokerage firm Spike Brokers in its weekly market review.

According to the brokers, the rise in the purchase price of sunflower seeds was the strongest movement in the Ukrainian oilseed market. Over the week, the price of sunflower seeds on a CPT mill basis increased by 5%. The review does not contain data on changes in the export price of sunflower seeds.

Export prices for rapeseed remained unchanged over the week. On a CPT port basis, they stood at $520 per metric ton, and on an FCA Chop basis, at $555 per metric ton. The review did not provide data on changes in export prices for sunflower seeds.

Soybean prices at major Ukrainian delivery points remained unchanged. GMO soybeans were priced at $410 per metric ton CPT port, $450 FCA Chop, and $400 CPT mill; non-GMO soybeans were priced at $430 CPT port and $475 FCA Chop.

In August, Ukraine exported 147.1 thousand metric tons of sunflower oil, 110 thousand metric tons of sunflower meal, and 0.7 thousand metric tons of sunflower seeds.

Exports of rapeseed in August totaled 292.6 thousand metric tons, while rapeseed oil exports totaled 95.4 thousand metric tons. Rapeseed accounted for about 75% of the total tonnage of these two items.

During the month, Ukraine also exported 29.1 thousand metric tons of soybeans, 36.6 thousand metric tons of soybean oil, and 77.2 thousand metric tons of soybean meal. Oil and meal accounted for nearly 80% of the total export volume of these three soybean products.

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