KUALA LUMPUR : 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.
Meanwhile, in Kuala Lumpur, Palm oil is likely to trade around 4,000 ringgit per metric ton in 2025, an executive of consultancy Glenauk Economics told an industry conference on Tuesday. Malaysia's palm oil production is estimated to come in at 19.4 million tons in 2024, Glenauk's managing director Julian McGill told the event.
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