Indonesia B40 Biodiesel Plan Would Be Disastrous For World
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KUALA LUMPUR, Oct 8 (Reuters) - A top market expert on Tuesday stated Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "disastrous" 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 anticipated to increase by 2.3 million metric tons in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)