Indonesia B40 Biodiesel Plan Would Be Disastrous For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday stated Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would include the extra usage of 1.5 to 1.7 million metric loads of the product.


Oil World senior analyst David Mielke likewise said worldwide palm oil production is anticipated to increase by 2.3 million metric loads in 2024/25 compared to the previous season.


(Reporting by and Ashley Tang; Editing by Martin Petty)