Russian exporters are having difficulty finding grain to honour urgent supply contracts, but this has not yet had a serious effect on prices, according to analysts.

"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 RUB200-300 (US$6.75-US$10.13) per tonne above (the CPT prices), according to SovEcon agricultural analysts.

Exporters' prices have not moved notably and most buyers in Novorossiisk keep declaring milling wheat CPT prices at RUB4,600-4,700 (US$155.3-US$158.7).