In the six months since the duties on soybean and rapeseed exports came into effect, farmers have lost $200 million, and the Ukrainian budget has lost about $1 billion.

According to estimates by the American Chamber of Commerce in Ukraine (ACC), Ukrainian farmers lost about $200 million as a result of the introduction of duties on soybean and rapeseed exports, Latifundist reports.

Farmers lost almost $130 million from the decline in domestic prices alone, as they sold their products 7% cheaper than on world markets. Small and medium-sized farms were particularly affected, as they could not export their products independently and were forced to sell them to intermediaries.

In addition, farmers paid about $50 million in duties to the budget, according to the ACC.

Foreign exchange earnings from exports decreased by almost $1 billion in half a year, in particular from the sale of rapeseed - by $400 million, soybeans - by $240 million, and sunflowers - by $345 million.

Those who lobbied for this law made domestic agricultural products uncompetitive on the EU market, which caused Ukraine to lose its position in the European rapeseed market, the ACC emphasized.