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