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