Export prices for soybeans in Ukraine are decreasing in anticipation of a supply increase.

Against the backdrop of the completion of the settlement procedure for the export of soybeans and rapeseed without the payment of duty by producers, export prices for soybeans in Ukraine are decreasing. In September, traders offered premium prices for quick deliveries to cover the deficit volumes for export. The failed duty payment law, which came into force on September 4, has effectively paralyzed soybean exports from Ukraine. In the first month of the 2025/26 MR season, soybean exports amounted to only 78 thousand tons, compared to 246 thousand tons in September 2024. For comparison, a total of 4.130 million tons of soybeans were exported from Ukraine in the 2024/25 MR season. Over the week, export prices for GMO soybeans decreased by $5–10/ton to $388–390/ton or 16,800–17,000 UAH/ton with delivery to the Black Sea ports. The reason is the expectation of an increase in supply from producers who postponed sales until the official cancellation of the duty. Persistent rains in ...