KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday said Indonesia's strategy for the extensive usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the worldwide market, as it would include the additional use of 1.5 to 1.7 million metric lots of the commodity.
Oil World senior expert David Mielke likewise said global 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; Editing by Martin Petty)
