Ukraine is preparing new rules to regulate the export of grains and oilseeds

The Export Law, which has already been voted on, will contain two important blocks. The first deals with the need to set minimum export prices for a number of products, primarily grains and oilseeds. Taras Vysotsky, acting Minister of Agrarian Policy, said this at the Agro Ukraine Summit.

“We have to set the price level that will be in line with market prices, but at the same time, we should not stop exports,” said Taras Vysotskyi.

According to him, the second block in this law concerns product traceability.

“We need to create conditions that will allow transparent companies to export without any obstacles. The state agricultural register should have a system that will be linked to each hectare, and on officially leased land it will be possible to indicate what crop is grown there. We are currently working on a mechanism that would allow us to objectively predict yields. The maximum yield,” said Taras Vysotskyi.

He noted that implementing these changes will not be easy, but the government is ready for discussions.

As a reminder, we are talking about draft laws No. 10168-2 and No. 10169-2, which passed the first reading in the Verkhovna Rada.

Both draft laws introduce new rules for agricultural exports by amending currency regulation, VAT administration, and customs control procedures. It is envisaged that VAT refunds should be linked to the return of foreign currency funds with the provision of confirmation or evidence that the product in question was exported, which is not possible for bulk grain (it is stored by mixing and is therefore impersonal).

Tags: export, grain, prices, oilseeds, legislation, Ukraine