Ukrainian farmers lost about $200 million due to the introduction of export duties on soybeans and rapeseed. This was announced by representatives of the American Chamber of Commerce in Ukraine (ACC) during a press breakfast on March 25, ProAgro Group reports.
According to ACC estimates, farmers missed out on about $130 million due to lower domestic prices — products had to be sold about 7% cheaper than global levels. This particularly affected small and medium-sized producers who cannot export independently and are forced to work through intermediaries. Another $50 million was lost directly due to the duty itself.
“Therefore, overall the Ukrainian producer loses about $200 million,” said an ACC representative.
In addition, foreign currency revenues from exports decreased by about $1 billion over six months. The largest declines were recorded for rapeseed (minus $400 million), soybeans (minus $240 million), and sunflower (minus $345 million). “Those who lobbied for this law practically pushed us out of the EU rapeseed market, because we became uncompetitive due to these export taxes,” ACC representatives summarized during the event.
As previously reported, the Cabinet of Ministers of Ukraine extended until February 1, 2026, the deadline for submitting applications for exemption from export duties on soybeans and rapeseed for certain categories of agricultural producers.
Source: Latifundist.com
