KUALA LUMPUR, May 22 (Bernama-Xinhua) -- BMI Industry Research, a Fitch Solutions unit, on Monday projected further downside ahead for palm oil prices in Malaysia before a slight recovery in the second half, reported Xinhua. The BMI said in a statement that it holds on to its average annual price forecasts for palm oil, maintaining its view that third-month palm oil futures will trade at a mean value of 3,800 ringgit (US$838) per tonne through 2023 before easing to an average level of RM3,400 per tonne through 2024.

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