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Indonesia B40 Biodiesel Plan would be 'Devastating' For World
Beatris Nan edited this page 1 day ago
KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil on Tuesday stated Indonesia's strategy for the extensive use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the international market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the commodity.
Oil World senior analyst David Mielke likewise 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