Indonesia B40 Biodiesel Plan Would Be Devastating For World

KUALA LUMPUR, Oct 8 (Reuters) - A oil market expert on Tuesday stated Indonesia's plan for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would include the extra usage of 1.5 to 1.7 million metric lots of the commodity.


Oil World senior analyst David Mielke also stated international palm oil production is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.


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