<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [market analyst](https://www.bloomberg.com/profile/company/MNELF:US) on Tuesday stated [Indonesia's prepare](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for the [prevalent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) use of the [palm-oil based](https://www.crunchbase.com/organization/mission-newenergy) B40 [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from next year would be "devastating" for the [international](https://forest500.org/rankings/companies/mission-newenergy-limited) market, as it would include the [extra usage](https://www.google.com/search?kgmid=/m/0cqd_rb) of 1.5 to 1.7 million metric lots of the [commodity](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Oil World [senior analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [David Mielke](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) also [stated global](https://www.zoominfo.com/c/mission-newenergy/346542889) [palm oil](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [increase](https://www.businessnews.com.au/Company/Mission-NewEnergy) by 2.3 million metric tons in 2024/25 [compared](https://www.pinterest.com.au/missionnewenergy/) to the previous season.<br>
<br>( by [Danial Azhar](https://pitchbook.com/profiles/company/51278-86) and Ashley Tang
