Fastmarkets proposes to launch price assessment for UCO Straits: pricing notice

Fastmarkets is proposing to launch a weekly price assessment for used cooking oil, fob Straits, with Straits being defined as ports in Malaysia and Singapore, with effect from May 14, 2026.

This launch is intended to add value to the current suite of biofuel feedstock price assessments and contribute to overall market transparency.

The proposed specifications are as follows:

AG-UCO-0016 – Used cooking oil, fob Straits
Specifications: Free fatty acids (FFA) max 5%; moisture, impurities and unsaponifiable matter (MIU) max 2%; iodine value (IV) min 50 g iodine/hg; sulfur content max 50 ppm; ISCC certified
Quantity: 2,000-5,000 tonnes
Incoterm: FOB
Location: Straits – ports in Malaysia and Singapore
Unit & currency: USD/tonne
Delivery period: Shipment within 45 days following date of sale
Data window: Up to Thursday, 6pm Singapore Time
Publication frequency: Weekly, Thursdays

The consultation period for this proposed launch starts on Friday April 24 and will end on Friday May 8. The launch will take place, subject to market feedback, on Thursday May 14.

Please send any questions or comments by May 8, 2026 to pricing@fastmarkets.com and biofuels@fastmarkets.com. Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page