Small and medium-scale agricultural enterprises in Ukraine lost more than 10 USD/t of sold soybeans, due to the effect of "soy amendments", which provided for cancellation of the VAT refund for the exports of oilseed crops, declared the press-service of the "Ukrainian Agrarian Council” Public Union (UAC) on February 12.

Due to the VAT non-refund for oilseed exports to intermediaries, small-scale producers of soybeans fail to get the fair price for their oilseed stocks. Domestic oilseed processors took advantage of the fact that small-scale farmers cannot independently export their products, and significantly lowered the purchasing prices, explained the Deputy Chairman of the UAC, Mikhail Sokolov.

For the first months of 2018/19 MY (September-October of 2018), the difference between the export prices and domestic purchasing prices for soybeans increased by nearly 10% compared with the same period of the previous year, and to date the figures already reached nearly 20%. In particular, in October-February the average difference between soybeans prices in FOB and EXW terms totaled 35 USD/t, and in October-February the difference increased by 17 USD/t, and already reached 52 USD/t.

Also, in the same period the difference between the prices of corn in FOB and EXW terms increased by 6 USD/t only, due to growing of the logistics costs, added the press-service.