Since the beginning of the full-scale war, Ukraine has put into operation an additional 3 million tons of oilseed processing capacities, with an equal amount currently in the design and construction phase. The increase in production capabilities has led to underutilization of some enterprises in the industry.
This is reported by Finway
State Control of Exports and New Digital Solutions
Economy Minister Oleksiy Sobolev reported that after the introduction of export duties on rapeseed oil in September, the volumes of its shipments abroad increased by 350% compared to August. This trend indicates a shift from exporting raw materials to exporting processed products. According to the minister, the government has already defined a mechanism that allows producers to confirm the origin of the grown products and obtain the right to exemption from duty payments.
“Currently, a mechanism for information exchange between government agencies is being developed, with the aim of transitioning to an automatic mode in the future. This will be an IT solution similar to the electronic VAT administration system.”
The development of the digital system aims to enhance transparency and efficiency in monitoring the export of soybeans and rapeseed, as well as simplify interactions between producers and government structures.
Increase in Flax Exports and Supply Geography
In October, Ukraine increased its flax exports to 7,650 tons, which is 26% more compared to September. The main buyers were France (43.1% of total shipments), Poland (16.8%), and Italy (11.4%). This marks the fourth consecutive month of increasing flax export volumes.