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Error in Australian Fababean Estimate
VANCOUVER - Dec 5/07 - SNS -- The latest crop production update from Pulse Australia added clarity to the week opening crop report from the Australian Bureau of Agricultural and Resource Economics (ABARE).
Normally, the industry association's data is used by ABARE and is based on surveys of processors, exporters, moderated by objective data for some states. Pulse traders say ABARE made a clerical error when tabulating its latest crop production estimates, resulting in a gross over-statement of the size of the fababean harvest.
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