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On July 16, the Verkhovna Rada adopted draft law No. 13157, which provides for the introduction of a 10% duty on the export of rapeseed and soybeans from August 1, 2025. The draft law received the support of 245 deputies. The document also includes an amendment to create a fund to support agricultural producers to mitigate the impact of the duty.   Who is exempt from duty: Agricultural producers who independently export their own products; Agricultural cooperatives that...

In June 2025, exports of sunflower oil and meal from Argentina increased significantly due to a record sunflower harvest and active seed processing, Oil World reports.   Sunflower oil export: · In June – 127 thousand tons versus 67 thousand tons in June 2024. · Main destinations: India – 60 thousand tons (27 thousand a year ago), Iraq – 33 thousand tons (0 thousand a year ago). · For January–June 2025: 660 thousand tons (compared...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Rapeseed prices are awaiting a vote by the Verkhovna Rada on the introduction of a 10% export duty, which could cause a collapse in rapeseed and soybean prices.   Sunflower prices remain high due to a lack of supply and growing export demand for oil and meal.   Forecasts of precipitation for the current week in Ukraine may slow down the...

Rapeseed prices on the stock exchanges are rising due to expectations of the Verkhovna Rada of Ukraine's decision to introduce a 10% export duty on rapeseed and soybeans. The relevant amendments may be considered on July 16 within the framework of draft law No. 13157 , which concerns amendments to the Tax Code.   Against this background, August rapeseed futures on the Paris stock exchange increased by 2.3% on July 14 to €476.25/t (≈$553/t) , although they remain 3.9%...

The French Ministry of Agriculture forecasts a significant recovery in soft wheat production in 2025, at 32.6 million tonnes. This is 27% more than in 2024, when the harvest was affected by excessive rainfall.   This initial forecast is in line with analysts' estimates, which predict a harvest of 32-33 million tons, Reuters reports. According to the ministry's calculations, the average yield will be 7.26 tons/hectare compared to 6.09 tons/hectare last year. The area under...

The increase in palm oil prices in Malaysia from $910–915 to $990–995/t per month slowed its exports and increased demand for sunflower oil. In the first half of July, palm oil exports decreased by 5–6%, which contributed to the increase in sunflower oil purchases.   In June, India increased its imports of edible oils by 30% compared to May, including palm (+61%, to 953 thousand tons) and sunflower (+18%, to 216 thousand tons). In July, palm purchases are expected...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Wheat prices continue to rise amid rising demand and delayed harvests. Palm oil prices rose slightly over the week, supported by rising oil prices and lower tariffs in a number of European countries, but this is unlikely to provide support to sunflower oil prices. Turkey has added another 500,000 tons of corn for duty-free import, but this...

Turkish President Erdogan signed a decree introducing a quota for duty-free imports of 500,000 tons of corn from July 14 to 31, 2025. At the same time, the duty on imports of corn outside the quota remains high at 130%. Turkish importers can also import corn duty-free for further processing for export.   Turkey will start harvesting its own crop in August, which the USDA estimates will reach 7.8 million tons (compared to 7.1 million tons last year). Turkey's import needs are...