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