How did global pulse markets perform?
20-Apr-2026 10:06 AM
How did global pulse markets perform?
Lentils steady amid Middle East tensions
★ International lentil markets ended the week largely unchanged, despite rising concerns over trade disruptions linked to the conflict involving Iran and the potential closure of the Strait of Hormuz.
★ A sharp rise in crude oil prices has pushed up shipping costs, including higher bunker surcharges on container cargo and more expensive bulk shipments. Even if the route reopens, it may take months for supply chains to normalize, keeping pressure on the market.
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Peas firm on strong export demand
★ North American pea markets closed the week on a firmer note, supported by robust export activity.
★ In Canada, bulk pea loadings from January to April 12 reached about 849,000 metric tons, significantly higher than 317,000 metric tons in the same period last year. This marks the second-highest level since 2017, providing solid support to prices.
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Chickpea market steady to firm
★ Chickpea markets ended the week steady to slightly firmer, depending on quality, type, and origin.
★ Australian processors and exporters are well covered for short-term shipments, but limited farmer selling has kept prices firm. Market participants expect that lower trade volumes compared to 2024–25 could lead to reduced planting in major exporting countries.