KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday said Indonesia's prepare for the prevalent use of the B40 biodiesel from next year would be “devastating” for the global market, as it would involve the extra usage of 1.5 to 1.7 million metric lots of the product.

Oil World senior expert David Mielke also stated worldwide 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