The Ukrainian government has made important changes to the procedure for setting minimum allowable export prices for a number of agricultural goods. The innovations, approved by Resolution No. 331, expand the list of products for which such prices are applied, and also change the mechanism for their calculation.

What goods are subject to the new rules?

From now on, minimum export prices will be determined for the following goods:
- Honey (UKT FEA code 0409 00 00 00, CIF delivery terms);
- Soybeans (UKT FEA codes 1201 and 1205, FCA);
- Wheat (UKT FEA code 1001, DAT, DPU, FAS);
- Corn (UKT FEA code 1005, DAT, FCA);
- Sunflower oil (UKT ZED code 1512, DDP, CFR, CIF, FAS);
- Barley (UKT ZED code 1003, FCA);
- Oats (UKT ZED code 1004, DAT, FCA);
- Rapeseed and colza seeds (UKT ZED code 1205, DAP, CPT, FCA, FOB);
- Walnuts and other nuts (UKT ZED code 0802 31 00 00 and 0802 32 00 00, DAP, CPT, FCA).

What is changing in the price calculation mechanism?

The key change was the adjustment of the quantile calculation method. If earlier the fifth percentile was used to determine the reference minimum export prices, now this indicator has been raised to the tenth percentile.

This means that the minimum allowable export price will be calculated based on the highest level of the price sample, which prevents significant downward fluctuations and reduces the risks of dumping.

Fixing the minimum price for similar supplies

Another innovation provides that the minimum allowable export price for a certain product cannot be lower than the minimum price for a similar product under the same supply conditions in the previous month.

This makes it possible to avoid situations where prices are artificially lowered for the export of products under less favorable conditions, which may negatively affect the state budget and customs revenue.

Why is this important for the agricultural sector?

The government's decision is aimed at preventing the illegal export of products at low prices and increasing the transparency of export operations. This is especially relevant for strategic agricultural products, which occupy a significant share in the structure of Ukrainian exports.

The updated rules will allow:
- Protect Ukrainian producers from the risk of losses due to low export prices;
- Increase tax revenues to the budget through more transparent regulation;
- Minimize the risks of dumping and artificial price manipulation.

Next steps and expected effect

The updated rules come into force from the moment of their publication. At the same time, the government emphasizes the need to further improve the mechanism for forming export prices in accordance with market conditions.

It is expected that these changes will contribute to the stabilization of the agricultural market, ensure fair prices for Ukrainian producers, and help to fill the state budget more effectively by strengthening control over exports.