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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

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

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market expert on Tuesday said Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the global 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 also said worldwide palm oil production is anticipated 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)

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