For Ukrainian soybean producers, the domestic market is becoming more profitable than exports

The Ukrainian soybean market is divided between the export and processing channels. This was reported by analysts at Spike Brokers.

Export prices for GMO soybeans fell to $432/t, or -$1 per week. In contrast, CPT Odesa for processing rose to $500/t with VAT, adding +$2.

“Such a gap shows that domestic processing is currently paying more aggressively for the export channel. For traders, this shifts the competition for batches towards factories, especially in regions where logistical parity to the port worsens the exporter’s net price,” the brokers explained.

They also specified that since the beginning of the soybean season, from October 2025 to April 2026, Ukraine has exported about 1.67 million tons of soybeans.

As a reminder, the Ministry of Economy has developed new rules for monitoring the origin of soybeans and rapeseed for exemption from export duties.

Key changes that directly affect producers:

• verification through DAR;
• yield limits: rapeseed — no more than 5 t/ha, soybeans — no more than 3.5 t/ha;
• the remains of the 2025/2026 MY will not be counted in the next year. Rapeseed must be sold for export by June 30, 2026, soybeans — by August 31.

Tags: Ukraine, export, prices, soybean