The Ministry of Agrarian Policy and Food of Ukraine (Minagropolitics) is implementing a new mechanism for setting minimum acceptable export prices for specific types of agricultural products. This decision aims to regulate the market, protect national interests, and ensure export stability.
Key Provisions of the New Measure
According to the newly adopted Procedure for Approving Minimum Acceptable Export Prices, Minagropolitics will determine minimum export prices for certain goods monthly by the 10th of the month (or the next working day if the 10th falls on a weekend). The products affected include:
- Honey
- Nuts (in shell and shelled)
- Wheat, rye, barley, oats, corn
- Soybeans, rapeseed, sunflower seeds
- Oils (soybean, sunflower, rapeseed)
- Oilcake
Prices will be set in US dollars per kilogram and published on the official website of Minagropolitics.
Consequences and Restrictions
Exporting goods with a contractual price lower than the minimum acceptable price approved by Minagropolitics is prohibited. This rule comes into effect after the export security regime is implemented. These measures aim to minimize opportunities for export-related abuses, improve the country’s balance of payments, and increase tax revenues.
Impact on Business
The new rules may affect the export activities of companies involved in selling agricultural products abroad. Businesses must consider the minimum acceptable export prices when entering into international contracts to avoid issues with customs clearance and potential fines.
How Daleth Group Supports Clients
Daleth Group is ready to provide comprehensive support in adapting to the new export conditions. Our specialists can assist you with:
- Consulting on the application of new minimum export prices.
- Preparing documents and ensuring that contracts comply with the new requirements.
- Filing export declarations and ensuring seamless logistics.
Conclusion
Setting minimum acceptable export prices is an important step toward stabilizing the Ukrainian agricultural market and increasing the transparency of international trade operations. Daleth Group is prepared to help your businesses adapt to these changes and successfully conduct export activities under the new conditions.