IKAR in Mass and Industry Media

Russian exporters seeking grain urgently -analysts

Reuters

MOSCOW, March 29 (Reuters) - Traders report some Russian exporters are having difficulty finding grain to honour urgent supply contracts, including with Egypt, but this has not yet had a serious effect on prices, analysts said on Monday.

"Domestic exporters experience difficulties finding wheat to honour export contracts, especially with Egypt," the Institute for Agricultural Market Studies (IKAR), said in a weekly note.

"Producers are unwilling to deliver at the existing CPT (including delivery to) port (prices) and are asking for higher values," it said.

"Market players say some exporters have begun experiencing difficulties with honouring contracts in time and, as a consequence are ready to pay 200-300 roubles ($6.75-$10.13) per tonne above (the CPT prices)," SovEcon agricultural analysts said.

It said that exporters' prices have not moved notably and most buyers in Novorossiisk keep declaring milling wheat CPT prices at 4,600-4,700 roubles ($155.3-$158.7).

14.04.10

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