PETALING JAYA: The Plantation Industries and Commodities Ministry expects crude palm oil or CPO prices to trend downwards as more producing countries are able to harvest the fruits, its secretary-general Datuk Ravi Muthayah (pic) says.

       He said at the virtual forum on “Outlook for Challenges and Opportunities for Palm Oil Producers” yesterday that with export opening up the markets, prices will soften a bit and this may also lead to a bearish market sentiment.

       He hoped appropriate measures are taken to ensure a fair price. ― Bernama