KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday said [[https://www.google.com/search?kgmid=/m/0cqd_rb|Indonesia's prepare]] for the extensive use of the palm-oil based B40 [[https://www.missionnewenergy.com/|biodiesel]] from next year would be "devastating" for the global market, as it would include the additional use of 1.5 to 1.7 million metric lots of the [[https://www.energy-xprt.com/companies/mission-newenergy-limited-36048|product]].


Oil World [[https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053|senior expert]] David Mielke likewise said international palm oil production is [[https://www.pinterest.com.au/missionnewenergy/|expected]] to increase by 2.3 million [[https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html|metric loads]] in 2024/25  to the previous season.


(Reporting by [[https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608|Danial Azhar]] and Ashley Tang; Editing by Martin Petty)