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

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

(Reporting by Danial Azhar and Ashley Tang