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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry expert 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 international market, as it would the additional usage of 1.5 to 1.7 million metric lots of the product.
Oil World senior expert David Mielke also said worldwide palm oil production is anticipated to increase by 2.3 million metric loads in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang
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