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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday said Indonesia's strategy for the prevalent use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the international market, as it would the additional usage of 1.5 to 1.7 million metric lots of the commodity.
Oil World senior expert David Mielke likewise said worldwide palm oil production is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang