Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday stated Indonesia’s plan for the widespread use of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the worldwide market, as it would include the extra use of 1.5 to 1.7 million metric tons of the product.

Oil World senior analyst David Mielke likewise stated global palm oil production is anticipated to increase by 2.3 million metric tons in 2024/25 to the previous season.

(Reporting by Danial Azhar and Ashley Tang