Urad| Black gram or Urad has been witnessing a rally

Black gram or Urad has been witnessing a rally for the past few days on apprehension of lower crop output and rise in buying support from stockists and millers. At Indore market, urad (bold) was quoted at Rs 8,500-9,000 per quintal (up Rs 1,500). Given expected arrival of imported urad and rise in arrival of new crop, rally appears unlikely.