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