Prices for food and feed wheat in Ukraine remained unchanged over the week—$195 and $185 per metric ton, respectively, on a CPT Odessa basis—while the price of corn fell by $5 to $195 per metric ton CPT Odessa, according to brokerage firm Spike Brokers.
The price of sunflower seeds on a CPT mill basis was $550 per metric ton; rapeseed on a CPT port basis fell by $20 to $500 per metric ton, while on an FCA Chop basis it rose by $5 to $545 per metric ton. The price of GMO soybeans fell to $420 per metric ton CPT port and to $435 per metric ton FCA Chop, while non-GMO soybeans on an FCA Chop basis rose by $10 to $470 per metric ton and fell by $10 to $440 per metric ton on a CPT port basis.
“This week, the Ukrainian physical market moved away from a direct correlation with exchange dynamics. The SPIKE CPT Odessa corn index fell to $195 (-$5 for the week), while 11.5% food wheat and feed wheat held steady at $195 and $185, respectively. On the western basis, SPIKE FCA Chop corn adjusted to $220 (-$3), maintaining a premium of about $25 to the port destination,” the report states.
According to Spike Brokers, the price of corn on an FCA Chop basis also fell—by $3, to $220 per metric ton. The sunflower seed price of $550 per metric ton is linked to processors’ transition to new-crop prices.
The port price of rapeseed fell by $20 per metric ton, while at the western border it rose by $5. From August 1–6, Ukraine exported 27.9 thousand metric tons of rapeseed.
During this period, Ukraine exported 33.5 thousand metric tons of corn, 93.2 thousand metric tons of wheat, and 4.2 thousand metric tons of soybeans. Sunflower oil exports totaled 30.7 thousand metric tons.
In the 2025/2026 marketing year, Ukraine exported 2.7 million metric tons of soybeans, compared to 3.8 million metric tons in the previous season, according to the Ukrainian Grain Association.
Turkey was the largest buyer of Ukrainian soybeans, purchasing 923,000 metric tons. The top five importers also included the Netherlands (382,000 metric tons), Germany (298,000 metric tons), France (159,000 metric tons), and Egypt (151,000 metric tons).
According to the UGA, the decline in soybean exports was due to a lower harvest and the introduction of an export duty on this crop.
Starting July 1, 2026, Ukraine will begin accepting applications through the State Agrarian Registry (DAR) for participation in the open rapeseed export program, according to a press release from the Ministry of Economy, Environment, and Agriculture.
“The launch of the open export program for soybeans and rapeseed is another step toward creating transparent and clear rules for the agricultural sector. We have digitized the process as much as possible so that producers can quickly submit an application through the SAR, and the government has an effective tool for administering exports,” the press service quoted Taras Vysotsky, Deputy Minister of Economy, Environment, and Agriculture, as saying.
As noted in the announcement, legal entities and individual entrepreneurs who are agricultural producers may participate in the program. Applications will be submitted exclusively through the DAR system.
For rapeseed, applications will be accepted from July 1 of this year through April 1 of next year; for soybeans, from September 1 through June 1 of next year.
The program sets a maximum export volume of 5 metric tons of rapeseed per hectare of farmland and 3.5 metric tons of soybeans per hectare. During the application period, producers will have the right to adjust information regarding their planned or actual harvest once.
According to Vysotsky, the mechanism provides for maximum automation of the process without additional bureaucratic procedures or the need to obtain opinions from the Chamber of Commerce and Industry.
As previously reported, in May 2026, the Cabinet of Ministers amended the procedure for confirming the right of agricultural producers and agricultural cooperatives to be exempt from export duties when exporting their own soybeans and rapeseed. The new mechanism provides for automatic verification through the State Agrarian Register instead of obtaining opinions from the Chamber of Commerce and Industry.
agricultural producer, EXPORT, RAPESEED, SOYBEANS, State Agrarian Register
Soybean acreage in 2026 reached 2.1 million hectares, an increase of 5% compared to last year, Taras Vysotsky, Ukraine’s Deputy Minister of Economy, Environment, and Agriculture, told reporters on the sidelines of the Grain Ukraine 2026 international conference on Friday.
“This year, soybean acreage did not decrease; in fact, it increased by 5%. Several factors contributed to this simultaneously—the rising cost of fertilizers and fuel. Consequently, farmers have shifted their focus to crops that require fewer fertilizers, namely soybeans. It requires lower costs for cultivation, transportation, and export,” Vysotsky noted.
As reported, pursuant to Law No. 4536-IX of July 16, 2025, a 10% export duty on rapeseed and soybeans was introduced in Ukraine effective September 4, 2025. The document provides for a gradual reduction of the rate by 1% annually, starting January 1, 2030, to 5% by 2035. At the same time, the law includes a preferential regime for direct producers and cooperatives, who are exempt from paying the duty when exporting their own-grown products.
Experts from the American Chamber of Commerce (ACC) have argued that this could lead to a significant reduction in soybean acreage in 2026 due to this law.
According to the Ministry of Economy, as of June 2, 1.96 million hectares had been planted with soybeans, or 96% of the forecast, whereas last year, as of May 30, according to the Ministry of Agrarian Policy, soybean plantings totaled 2.23 million hectares.
agricultural sector, export duty, MINISTRY OF ECONOMY, planting season, SOYBEANS
The introduction of a 10% export duty on soybeans and rapeseed will reduce the profitability of these crops, leading to a 30% reduction in soybean acreage in 2026, experts from the American Chamber of Commerce (ACC) reported during a press briefing in Kyiv.
“Our forecasts indicate a possible 30% reduction in soybean acreage compared to the previous season. The export duty acts as an economic barrier, making the cultivation of this crop less attractive to producers. Farmers won’t take losses every year—if the financial result is negative, they’ll simply change their crop mix,” the experts explained.
The business association noted that under normal conditions, corn could be an alternative, but currently its investment appeal is also in question due to rising production costs.
“Prices for fuel and fertilizers have risen significantly, particularly due to the escalation of the situation surrounding Iran and the blockade of the Strait of Hormuz. This significantly increases farmers’ costs for growing corn, which, combined with the low profitability of oilseeds due to tariffs (on soybeans and rapeseed – IF-U), puts farmers in a difficult position ahead of the spring planting season,” the briefing participants emphasized.
Experts expressed confidence that if regulatory policy does not change, there is a risk that farmers will abandon rapeseed and soybean cultivation in the long term. This will lead to domestic processors, who lobbied for the introduction of tariffs to obtain cheap raw materials, eventually facing a physical shortage of those materials due to reduced production.
As reported, pursuant to Law No. 4536-IX of July 16, 2025, a 10% export duty on rapeseed and soybeans was introduced in Ukraine effective September 4, 2025. The document provides for a gradual reduction of the rate by 1% annually, starting January 1, 2030, to 5% by 2035. At the same time, the law includes a preferential regime for direct producers and cooperatives, who are exempt from paying the duty when exporting their own-grown products.
The introduction of export duties on rapeseed and soybeans last September caused a redistribution of income from agricultural producers to processors, resulting in total losses for farmers of approximately $200 million, the American Chamber of Commerce (ACC) reported during a press briefing in Kyiv on Wednesday.
According to published data, due to a 7% drop in domestic prices relative to global markets, Ukrainian farmers lost $130 million in profits. Small and medium-sized producers, who are unable to export their products independently, were hit the hardest. An additional $50 million was collected from farmers and exporters in the form of duties paid to the state budget.
“The export duty that was introduced is effectively a redistribution of income among producers in favor of processors. Instead of stimulating processing, we have ended up with a mechanism to cover the losses of the processing industry at the expense of crop production,” the ACC noted.
Representatives of the business association emphasized that in the six months since the law took effect, not a single new processing facility has been declared or built in Ukraine. At the same time, existing capacity of 23 million tons already exceeds the total oilseed production volume, which stands at about 20 million tons.
According to ACC estimates, Ukraine’s foreign exchange earnings from oilseed exports during this period decreased by $1 billion. Specifically, revenue from rapeseed exports fell by $700 million (with partial compensation from increased exports of oil and meal, the net loss amounts to $400 million – IF-U). For soybeans, the decline is estimated at $240 million, and for sunflowers, at $345 million.
Experts argue that the arguments of the bill’s initiators regarding the successful experience with sunflower seed tariffs were flawed due to the different physical nature of the crops. As a light product, sunflower seeds are more profitable to process locally, whereas rapeseed and soybeans are heavy crops that are more practical to transport by large vessels to consumption centers. The ACC also highlighted the negative legislative precedent, as protests from leading industry associations—including the Ukrainian Agribusiness Club (UAC) and the Ukrainian Agrarian Council (UAC)—were ignored during the law’s adoption. Furthermore, this decision has strained relations with European partners and contradicts the processes of European integration.
For his part, Oleg Nivievsky, a professor at the Kyiv School of Economics (KSE), noted that the total losses incurred by agricultural producers due to the law over a full marketing year could amount to approximately 17 billion UAH. According to his calculations, the rapeseed duty will generate 6.2 billion UAH for the budget but will result in net economic losses of 80–170 million UAH due to reduced farmer incomes. The situation is even worse for soybeans: with budget revenues of 4.1–4.7 billion UAH, farmers will lose 9.1–9.3 billion UAH, resulting in net losses for the country of 200–500 million UAH.
“This is a bad signal for the market, indicating that processing is uncompetitive without state subsidies. A similar logic of ‘utilizing capacity’ is already being applied to the export of scrap metal and timber, which sets an extremely negative precedent,” emphasized Nivievsky, adding that the state’s total economic losses from duties on both crops could reach 280–670 million UAH.
As reported, pursuant to Law No. 4536-IX of July 16, 2025, a 10% export duty on rapeseed and soybeans was introduced in Ukraine effective September 4, 2025. The document provides for a gradual reduction of the rate by 1% annually, starting January 1, 2030, to 5% by 2035. At the same time, the law includes a preferential regime for direct producers and cooperatives, who are exempt from paying the duty when exporting their own-grown products.
