Ukraine's oilseed market slumped following attacks on ports
Prices for major oilseeds—sunflower, soybeans, and rapeseed—are falling in Ukraine and on global markets. One of the main reasons is the sharp decline in export demand following Russia’s attacks on port infrastructure and civilian vessels.
Due to the security situation, vessel arrivals at Ukrainian ports have virtually ceased since July 22, which has significantly impacted exports of rapeseed, soybeans, and their processed products. As a result, processing companies have begun to lower their purchase prices for raw materials.
Experts note that future market trends will largely depend on the resumption of port operations and export logistics.
The Situation on the Ukrainian Oilseed Market
Purchase prices for oilseeds in Ukraine have changed as follows:
rapeseed prices fell to 20,000–21,000 UAH/metric ton delivered to processing plants;
sunflower seed prices decreased from 32,000–33,000 UAH/metric ton to 27,000–29,000 UAH/metric ton, delivered in August;
soybean prices have fallen to 18,000–19,000 UAH/metric ton delivered, despite low carryover stocks from the previous harvest.
Traders and processors are exploring alternative export routes through the western border, but rising logistics costs continue to put pressure on domestic prices.
Global Market
On the global market, falling exchange prices for soybeans and rapeseed are also putting downward pressure on prices as the supply of the new crop increases. Favorable weather and rainfall in the U.S. are exacerbating this pressure.
November soybean futures on the Chicago Board of Trade have fallen 4% over the past 7 days to $437/metric ton (+4.3% for the month), erasing the gains of previous weeks driven by Chinese purchases. According to the NASS report, during the week of July 20–26, the percentage of U.S. soybean crops in good or excellent condition decreased by 3% to 63% (compared to 70% last year).
China’s soybean imports in June 2026 rose by 15% compared to May—to a record 13.55 million metric tons for that month (10.5% higher than the figure for June 2025) driven by shipments from Brazil.
Brazil’s soybean harvest in the 2025/26 marketing year will reach 180 million metric tons, compared to 172.5 million metric tons last season, and exports could rise to 115 million metric tons (compared to 103 million metric tons last season). The global market will be sufficiently supplied with soybeans and soybean meal, so a reduction in shipments from Ukraine by 1–2 million metric tons will not have a significant impact on global prices.
This was reported by the Ukrainian Electronic Grain Exchange.
In Ukraine, cucumbers and vegetables used in borscht have become cheaper.
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