★ Global lentil markets remained largely unchanged last week amid light trading activity. Expectations of steady demand from the Indian subcontinent continued to support the market. However, concerns persist over exports to the Middle East due to the continued closure of the Strait of Hormuz. Trade into Iran and other affected countries is expected to continue, but via costlier overland routes, increasing overall costs.

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★ The global pea market maintained a firm tone, supported by improved shipments to China and steady demand from the Indian subcontinent. However, uncertainty around ocean freight rates remains a key concern. The closure of the Hormuz route and ongoing tensions with Iran have led to a sharp rise in oil prices and shipping costs.

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★ Global chickpea markets were also largely steady last week, as many northern hemisphere regions remain occupied with spring seeding. Uncertainty continues regarding shipping costs and supply dynamics. The closure of shipping routes through Hormuz, along with U.S. restrictions on Iranian ports, may disrupt global supply chains and could lead to increased availability in countries not directly affected.