KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry expert on Tuesday stated Indonesia's strategy 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 usage of 1.5 to 1.7 million metric lots of the product.
Oil World senior expert David Mielke likewise 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)
