The American Chamber of Commerce in Ukraine (ACC) emphasizes that the introduction of export duties on soybeans and rapeseed has negatively impacted the agricultural sector, violating the principles of market competition and contradicting the country’s Euro-integration aspirations. According to experts, these restrictions have also increased uncertainty for foreign investors.
This is reported by Business • Media
Financial Losses for Farmers and Market Impact
According to ACC estimates, small and medium-sized agricultural producers, who are unable to export soybeans and rapeseed independently, are forced to sell their products to domestic processors at prices approximately 7% lower than the global market. This has resulted in losses of about $130 million. An additional $50 million has been paid in the form of export duties.
“Small and medium-sized farmers, who cannot export soybeans and rapeseed independently, have lost about $130 million because they were forced to sell their harvested grain to processors in the domestic market at approximately 7% less than on the global market, according to ACC.”
Lack of Investment and Decline in Currency Inflows
In the six months following the introduction of export duties, no new processing facilities have been declared or built in Ukraine, even though existing capacities already exceed the total production volume of oilseeds (23 million tons compared to 20 million tons produced).
ACC notes a significant reduction in currency inflows from oilseed exports — nearly $1 billion. Export earnings from rapeseed have decreased by $700 million, and from soybeans by $240 million. Experts predict that due to the impact of the duties, the area planted with soybeans may decrease by approximately 30% during the spring planting campaign of 2026.