# The abolition of export VAT refund will lead to lower incomes of agrarians — Petrashko — Latifundist.com

> 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.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: policy · region Ukraine · magnitude medium
- Page: https://feedsoft.ai/events/67584-the-abolition-of-export-vat-refund-will-lead-to-lower-incomes-of-agrarians
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-02-06 | [Clean Fuels CEO looks to new domestic markets, exports to offset 'dreadfully wrong' RVOs \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15235-clean-fuels-ceo-looks-to-new-domestic-markets-exports-to-offset-dreadfully.md) | -0.3% | -4.6% |
| SOY | 2023-10-02 | [Doubts over legal compliance put Brazil’s soy exports to the EU at risk - Insights - Trase](https://feedsoft.ai/events/33664-doubts-over-legal-compliance-put-brazil-s-soy-exports-to-the-eu-at-risk.md) | -0.7% | +1.7% |
| SOY | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | +3.9% | +10.5% |
| SOY | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -0.3% | -4.8% |
| SOY | 2024-12-28 | [The financial problems of a major agricultural group bring to the forefront the demand for lower export taxes – Universidad Austral](https://feedsoft.ai/events/13890-the-financial-problems-of-a-major-agricultural-group-bring-to-the-forefront-the.md) | +1.3% | +6.6% |

## Sources

- latifundist.com: https://latifundist.com/en/novosti/38143-otmena-vozmeshcheniya-eksportnogo-nds-umenshit-dohody-fermerov--petrashko

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.