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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday said Indonesia's prepare for the widespread use of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would involve the additional use of 1.5 to 1.7 million metric heaps of the commodity.
Oil World senior expert David Mielke also stated international palm oil production is expected to increase by 2.3 million metric loads in 2024/25 to the previous season.
(Reporting by Danial Azhar and Ashley Tang