Indonesia B40 Biodiesel Plan would be 'Devastating' For World

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KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday stated Indonesia's prepare for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" for.

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry expert on Tuesday said Indonesia's prepare for the prevalent use of the palm-oil based B40 biodiesel from next year would be "disastrous" 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 analyst David Mielke also said global palm oil production is anticipated 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)

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