KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday stated Indonesia's plan for the extensive usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the worldwide market, as it would involve the extra usage of 1.5 to 1.7 million metric tons of the commodity.
Oil World senior expert David Mielke also said worldwide palm oil production is expected to increase by 2.3 million metric loads in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)
