The volume of processing of major oilseeds in Ukraine during the 2026/27 marketing year could reach 16.9 million metric tons, which is 14% higher than the previous season’s figure, according to a forecast by the U.S. Department of Agriculture.
In the 2025/26 marketing year, processing is estimated at 14.8 million metric tons, while in the 2024/25 marketing year it stood at about 15.7 million metric tons. Thus, the new forecast exceeds even the relatively high pre-war levels of previous seasons.
At the same time, exports of oilseeds from Ukraine are projected at 4.95 million metric tons, compared with 4.12 million metric tons in the 2025/26 marketing year. The increase could be about 20%.
However, seed exports will still be significantly lower than the 2024/25 marketing year figure—7.39 million metric tons. Compared to that figure, the projected volume is about one-third lower.
This trend indicates a continued shift toward increasing domestic processing of raw materials rather than exporting them in their unprocessed form.
According to the April report by the USDA agricultural attaché in Kyiv, the growth of processing is also driven by excess capacity at Ukrainian oilseed and fat processing plants, a shortage of sunflower seeds in the previous season, and changes in the trade regime for rapeseed and soybeans. The USDA office expected this trend to continue into the 2026/27 marketing year.
Ukraine primarily processes sunflower seeds, as well as soybeans and rapeseed. A recovery in the sunflower seed harvest to 13 million metric tons will allow plants to increase their production of oil and meal while simultaneously boosting exports of higher-value-added products.
Source: USDA Foreign Agricultural Service, September report Oilseeds: World Markets and Trade dated September 11, 2026.
Despite a sharp recovery in 2025 and growth in indicators in the second quarter of 2026, Ukraine’s new housing construction market remains significantly below the pre-war level.
According to the Experts Club information and analytical center, based on data from the State Statistics Service, the total area of new housing construction in 2025 amounted to 5.8 million sq. m, increasing by 49.4% compared with 2024.
However, compared with 2021, when the figure reached 12.7 million sq. m, the volume remained approximately 54% lower, that is, more than twice as low.
In 2022, the area of new construction amounted to 6.6 million sq. m, in 2023 — 4.2 million sq. m, and in 2024 — 3.9 million sq. m.
Thus, the lowest figure for the period under review was recorded in 2024, after which the market began to recover noticeably in 2025.
In the second quarter of 2026, this process continued: the area of residential buildings declared for the start of construction increased by 6.1% year on year — to 1.65 million sq. m.
At the same time, the sustainability of the recovery remains ambiguous. For the entire first half of the year, the area of new apartment building construction was 2.3% lower than a year earlier, while the number of declared apartments decreased by 6%.
At the same time, construction costs continue to rise rapidly. In July 2026, construction prices were 23.7% higher than in July of the previous year.
Housing prices themselves are also rising: in the second quarter of 2026, they increased by 19.6% year on year and by 3.8% compared with the first quarter.
Thus, the Ukrainian market is simultaneously facing a recovery in construction activity, high inflation in construction costs, and a significant lag behind the supply volumes typical of the period before the full-scale war.
For the construction of underground fuel storage facilities to become possible in Ukraine, a compromise must be reached between the government and the private sector regarding the streamlining of permitting procedures and the provision of affordable long-term financing.
Oleg Chikida, CEO and co-owner of the Western Fuel and Energy Company (ZTEK), expressed this view in an exclusive interview with the “Interfax-Ukraine” news agency.
“We need to bring the government and the business community to the negotiating table and find a compromise: to safeguard the country’s strategic interests and create realistic economic conditions for private companies to build up reserves. As of now, I don’t see such a compromise yet,” he said.
According to the CEO, from the government’s perspective, reserves of oil and petroleum products are clearly necessary, but the conditions for businesses to build the required storage facilities have not yet been established.
“The first problem is financial. Building reserves means that a company must effectively freeze a significant amount of working capital. For ZTEK, this could potentially amount to more than one million dollars,” Chikida noted.
As he explained, an underground storage facility with a capacity of approximately 10,000 metric tons could require an investment of 10 million dollars, and for a private company, this is a very significant amount; therefore, affordable long-term financing is necessary to implement such projects.
“Programs are being discussed through state-owned banks at an interest rate of approximately 12% per year in hryvnia for five years. This is a step in the right direction, but it will not meet the industry’s needs,” the CEO believes.
The second problem, he says, is infrastructure-related. Since a significant portion of the storage facility network was destroyed or damaged during the war, the question arises: where should this resource be stored, and who will bear the risk if the storage site becomes a target of attack again?
“Specifically, we have a site where we could build an underground storage facility. But obtaining all the permits could take about a year and a half, and the construction itself, according to our estimates, is roughly three times more expensive than an above-ground facility,” Chikida noted.
He added, however, that ZTEK is ready to invest even under such conditions.
“But if we start the permitting process in September 2026, we’ll be lucky to get the documents in 2027, and construction won’t be completed until 2028. How will market demand change by then, and how will we recoup these investments?” the CEO asked.
As previously reported, Ukraine is set to launch a pilot project for the underground storage of petroleum products from the minimum reserves of oil and petroleum products (MZNN) starting in early 2027, in accordance with Cabinet of Ministers Resolution No. 1037 dated August 13, 2026.
The full text of the interview with Oleg Chikida, CEO and co-owner of ZTEK, will be published on the websites of the agency “Interfax-Ukraine” and its energy project “Energoreforma.”
Italy is preparing the TERRA program, with a total budget of up to 105 million euros, aimed at expanding access to financing for Ukrainian micro, small, and medium-sized enterprises in the agri-food sector, according to the Ministry of Agrarian Policy and Food of Ukraine following negotiations with the Italian side.
The program was presented during a meeting between Deputy Minister of Agrarian Policy Denys Bashlyk and Davide La Cecilia, the Italian Minister of Foreign Affairs’ Special Representative for Ukraine’s Recovery. The parties identified support for small farmers and the development of agricultural cooperatives as key priorities for cooperation.
According to materials from the Italian Ministry of Foreign Affairs and International Cooperation, TERRA Ukraine—Transforming and Empowering Resilient and Responsible Agribusiness—consists of two main components.
Up to 100 million euros are planned to be allocated to financial instruments managed by the Italian state-owned financial institution Cassa Depositi e Prestiti (CDP). The funds are to be used to mitigate risks for Ukrainian financial intermediaries and expand lending to micro, small, and medium-sized enterprises in the agri-food sector. The financial component includes a counter-guarantee from the European Commission under the Ukraine Investment Framework.
An additional 5 million euros is earmarked for technical assistance and capacity building, with this part of the program to be implemented primarily in collaboration with the Food and Agriculture Organization of the United Nations (FAO).
The Italian side views TERRA not merely as a mechanism for providing financing. The program is intended to facilitate the modernization of Ukrainian agricultural enterprises, the adoption of European sanitary, environmental, and corporate standards, as well as the transition to a more sustainable model of agricultural production in line with the European Green Deal.
“For us, it is important not just to teach farmers to work together, but to create a practical model that will enable them to pool resources, produce large volumes of goods, and enter new markets. If this approach proves successful, it can be scaled up to all regions of Ukraine,” Bashlyk noted.
The Ukrainian side also hopes to draw on Italy’s experience in developing agricultural cooperation and bringing together small-scale producers for joint processing, logistics, and access to larger markets.
Italian Ambassador to Ukraine Carlo Formosa previously reported on September 3, 2026, that TERRA is being prepared as one of the new tools to support the Ukrainian agricultural sector. According to him, the program is primarily aimed at facilitating access to credit for agricultural SMEs.
At the same time, Italy is expanding its agricultural projects in the Odesa region. According to Italian officials, approximately 25 million euros have already been allocated in the region for agricultural projects, including the Pro.UKR programs, support for viticulture and winemaking through the FAO, and a 6-million-euro project to modernize irrigation systems in Tatarbunary and Kiliya. In addition, a 7-million-euro ROOTS project is being prepared between the Friuli-Venezia Giulia region and the Odesa region.
Ukraine and Italy have agreed to expedite the organizational decisions necessary for the practical launch of TERRA. Specific dates for the start of funding disbursements to Ukrainian agricultural enterprises and the terms for obtaining loans have not yet been publicly announced.
In January–August 2026, Ukraine increased poultry meat exports by 12.5% compared to the same period last year—to 330,200 metric tons—while foreign exchange revenue from these exports decreased by 2.6%—to $697.9 million, according to the Ukrainian Poultry Farmers’ Union.
In August 2026, poultry meat exports totaled 40,600 metric tons, which is 1.5% less than in July (41,200 metric tons).
In monetary terms, August exports fell by 7.9% compared to July, to $82.2 million. The average export price for poultry meat in August was $2.02/kg, which is 20.9% lower than in August of last year. According to the Association, this is due to changes in the range of exported products and a decline in export prices on foreign markets.
The main buyers of Ukrainian poultry meat during the first eight months of 2026 were the Netherlands (20% of exports), the United Kingdom (11.7%), Slovakia (10.6%), and the UAE (6.4%).
EU countries accounted for 36% of total poultry meat exports during this period, or 118,900 metric tons. In monetary terms, the EU’s share amounted to nearly half of foreign exchange earnings—47%.
Swiss ultramarathon runner Frédéric Splendore plans to complete the Beyond Borders charity run—a journey of approximately 4,200 kilometers that he began in Monaco on July 24—in Ukraine on September 21, International Day of Peace.
As the athlete told the Open4Business editorial team, he expects to arrive in Lviv early in the morning on September 21, completing the walking portion of his journey across Europe. After that, Splendore and his support team plan to travel by camper van to Kyiv and visit Maidan Nezalezhnosti in the afternoon. Their departure from Ukraine is scheduled for September 22.
The main goal of the Beyond Borders project—known as “Courir pour Unir” (“Run to Unite”) in its French-language version—goes beyond mere athletic achievement. Splendor is using the run to draw attention to the consequences of the war in Ukraine and to raise funds to help Ukrainians affected by the conflict.
“This project isn’t just about sports or a record. It’s about using endurance to raise awareness, collect funds, and convey a universal message of peace and solidarity all the way to Ukraine,” said Splendor.
In total, the route spans approximately 4,200 km and passes through 13 European countries. On some days, the athlete covers 70–100 km. The project’s official website confirms that the goal of the journey is to arrive in Ukraine on September 21—International Day of Peace.
The first and most challenging stage of the route followed the Via Alpina through the Alps. Splendor covered about 2,000 km of the Alpine route and set a new men’s record for completing the route with team support—23 days, 11 hours, and 42 minutes. The result was recorded on August 16.
After completing the Alpine section, the athlete continued on for another approximately 2,200 km through Central and Eastern Europe toward Ukraine.
“When things got tough, I reminded myself that everything I’m going through is temporary and voluntary, whereas millions of Ukrainians have had no choice for many years and live with the consequences of war every day,” the athlete noted.
The charitable component of the project is being carried out through the Swiss association Au-delà de l’Effort. The funds raised are being directed to the Chaîne du Bonheur (Swiss Solidarity) fund to support Ukrainians affected by the war. The money is planned to be used, in particular, to rebuild destroyed buildings, assist internally displaced persons, and ensure access to education and medical care. According to the project, at least 95% of the funds raised will go directly to the fund for aid to Ukraine.
The campaign’s goal is to raise approximately EUR 140,000.
Frederick Splendor, 33, previously worked as a professional firefighter and a chemistry lab technician. He is the 2023 Swiss champion in the 100-km race and the 2024 national runner-up. His personal best in the marathon is approximately 2 hours and 22 minutes. In 2018, the athlete ran approximately 4,300 km on his own along the Pacific Crest Trail in the United States.
According to Splendor, arriving in Ukraine on International Day of Peace is meant to be a symbolic conclusion to his nearly two-month-long journey.
“I want to use running as a way to mobilize people, to remind Europeans that we must not turn a blind eye, and to show solidarity with a population that has been living with war for many years,” he noted.
Photo: ibelieveinyou.ch, Embassy of Ukraine in Hungary
