Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday stated Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would include the extra use of 1.5 to 1.7 million metric tons of the commodity.
Oil World senior expert David Mielke likewise said 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; Editing by Martin Petty)