Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday stated Indonesia's strategy for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the commodity.
Oil World senior expert David Mielke likewise stated international palm oil production is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.
(Reporting by and Ashley Tang; Editing by Martin Petty)
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