MOSCOW, Apr 15 (Reuters): Russian wheat export prices stabilised last week after rising for the previous four weeks, as delays in shipments from ports led to higher freight costs, analysts said on Monday.
The price of 12.5 per cent protein Russian wheat scheduled for free-on-board (FOB) delivery in May was $210 a metric ton, unchanged from the previous week, the IKAR agriculture consultancy said.
"Problems with issuing phytosanitary certificates to some vessels led to an increase in risk assessment by freighters. This stopped our FOB prices from rising," said IKAR head Dmitry Rylko.
The Sovecon agriculture consultancy pegged the same class of wheat unchanged at $210 to $212 a tonne FOB after several weeks of growth.
Last week, one of Russia's largest grain exporters, RIF, halted the handling of agricultural goods at an Azov terminal amid a row with authorities over phytosanitary certificates which has slowed grain exports.
Russia, the world's largest wheat exporter, saw its overseas supplies grow to 1.31 million tons of grain last week from 1.03 million tons the previous week. The exports included 1.14 million tons of wheat, up from 0.82 million tons a week earlier, Sovecon wrote, citing port data.
The first estimate of wheat exports in April from Sovecon stands at 4.2-4.6 million tons, compared with a record-high 4.4 million tons a year ago.
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