Non-GM soybeans could become one of the most promising segments for Ukrainian exports to the EU

Source:  Latifundist
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New GMO regulations in Ukraine and stricter EU traceability requirements could create additional opportunities for Ukrainian non-GM soybean producers. Anton Zhemerdieiev, Commercial Director at TAS Agro, said the European Union remains one of the priority markets for such products, where certified non-GM soybeans can command an additional premium.

Compliance with the EUDR will be an important factor. The regulation covers soybeans and requires proof that production is not linked to deforestation. It will apply to large and medium-sized operators from December 30, 2026. According to Zhemerdieiev, around 99% of TAS Agro’s 80 thsd ha of farmland carries no risks related to the EUDR requirements concerning deforestation after 2020.

The opportunity to secure a premium is particularly important given the current economics of soybean production. Zhemerdieiev estimates production costs at around $320–330/t, while sales of conventional soybeans under current market conditions generate only minimal margins or returns close to break-even. In this environment, certification and verification of non-GM status could significantly improve the attractiveness of supplies to the EU.

Turkey and Egypt remain alternative destinations for Ukrainian soybeans, with shipments moving via the Danube. However, the competitiveness of this route is constrained by low water levels, high freight rates and problems with maritime logistics, which increase delivery costs.

For Ukrainian producers, therefore, the ability to verify soybean origin, non-GM status and compliance with European requirements is becoming increasingly important alongside the market price itself. With margins for conventional soybeans remaining low, the premium EU segment could provide producers with an opportunity to improve the crop’s profitability.

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