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Ukraine's parliament voted to abolish VAT refunds on exports of soybeans, rapeseed and sunflower seeds from March 1, 2018. UkrLandFarming's Igor Petrashko said the change will cut farmer incomes, likely reduce sowing areas and push prices down domestically.
The export VAT change shifts margins toward processors and could lower domestic oilseed prices and meal output, reducing raw-seed exports in favor of processed products.
latifundist.comNews ServiceDec 12, 2017After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
