ABB Lifts {Pulse Pool Estimates

SYDNEY - Dec 20/04 - SNS -- The Australian barley marketing board, ABB Grain Ltd increased projected returns for the pulse pools it offers growers in South Australian pulse pool as a result of the falling Australian dollar and improved export sales opportunities.

ABB's pulse marketing manager, Rob Brealey, said that while world markets had remained fairly static in recent weeks, the smaller production outlook on all pulse commodities meant that ABB had been able to focus its attention on premium markets for these products.

"ABB has only a relatively small crop to market this year, however the Australian domestic demand for most pulses is also small," he said. "We are therefore looking to find markets on the world stage where we can see price improvements."

Brealey said the revision applied to the South Australian pools for peas, fababeans, lupins and lentils, and the level at which the pools had risen ranged from $5 MT to $29 MT.

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