Ukraine’s new-crop soybean prices have remained relatively stable despite the complete suspension of exports from the country’s Black Sea ports, while sunflower and rapeseed prices have fallen sharply. GMO soybean prices declined by UAH 1,000/t over the past week to UAH 17,000–18,000/t delivered to processors, 25–30% below 2025/26 highs but broadly in line with last year. Sunflower prices have dropped 50–70% from seasonal peaks.
Soybeans have been less affected because recent exports were directed mainly to the European Union, while processors have also built soybean meal supplies and are less dependent on deep-sea port operations. September delivery indications stand at $460–470/t for GMO soybeans to Poland and $490–495/t for non-GMO soybeans to Hungary.
However, Ukrainian soybean exports to the EU fell 72.9% year on year during the first seven weeks of 2026/27 MY, to 71.91 thousand tonnes. November Chicago soybean futures rose 4.6% in seven days to $454.5/t, providing support to global and Ukrainian export demand. Further port disruption could increase western-border logistics costs and pressure domestic prices.