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<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [market analyst](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) on Tuesday said [Indonesia's prepare](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for the [widespread](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) use of the [palm-oil based](https://www.zoominfo.com/c/mission-newenergy/346542889) B40 [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from next year would be "disastrous" for the global market, as it would [involve](https://www.businessnews.com.au/Company/Mission-NewEnergy) the [additional](https://www.businessnews.com.au/Company/Mission-NewEnergy) use of 1.5 to 1.7 million metric lots of the [product](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4).<br> |
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<br>Oil World [senior expert](https://www.bloomberg.com/profile/company/MNELF:US) [David Mielke](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) likewise said [worldwide](https://forest500.org/rankings/companies/mission-newenergy-limited) palm [oil production](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) is [anticipated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to [increase](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by 2.3 million [metric loads](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in 2024/25 to the previous season.<br> |
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<br>([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by [Danial Azhar](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and Ashley Tang |
