Ukrainian farmers lost about $200 million over six months due to the introduction of export duties on soybeans and rapeseed.

Farmers underreceived about $130 million due to lower domestic prices – they had to sell products at 7% below global levels. Small and medium-sized producers were particularly affected, as they cannot export products independently and work through intermediaries.

Another portion of the funds was lost due to the duty itself: about $50 million went to the state budget.

Foreign currency revenues from exports decreased by $1 billion. The largest declines were recorded in rapeseed (losses of up to $400 million), soybeans ($240 million), and sunflower ($345 million).

Reference source: http://surl.li/bjckxsdr2dg566