Indonesia B40 biodiesel plan would be 'catastrophic' for world market, Oil World analyst says

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday said Indonesia's plan for the widespread use of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the global market, as it would involve the additional use of 1.5 to 1.7 million metric tons of the commodity. Oil World senior analyst David Mielke also said global palm oil production is expected 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) (([email protected]; Reuters Messaging: @rozlatiff on X))