Final decision on open consultation on methodology for US Gulf delivered used cooking oil assessments

Fastmarkets invited feedback from the industry on the pricing methodology for its US Gulf delivered used cooking oil price assessments, via an open consultation process between May 6 and May 30, 2025. This consultation was done as part of our annual methodology review process.

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

You can find the current methodology for Fastmarkets’ used cooking oil prices here.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Fastmarkets has launched three new critical minerals prices on Friday May 1 to improve transparency in the US market. The additional prices are: MB-BI-0004 – Bismuth 99.99%, ddp US, $/lbMB-IN-0005 – Indium 99.99%, ddp US, $/kgMB-GA-0003 – Gallium 99.99%, ddp US $/kg The launch of the bismuth and indium price assessments follow a consultation period […]
Hydrotreated Vegetable Oil (HVO) is a renewable, drop-in fuel offering significant carbon emission reductions and efficiency improvements, with growing demand driven by stricter EU renewable energy targets, diverse feedstock pathways, and the need for transparent pricing in an expanding market.
Fastmarkets has corrected its assessment for MB-STE-0047 Steel hot-rolled coil import, cfr main port Southern Europe, €/tonne published on Wednesday April 29.
Fastmarkets has decided to change the timestamp of several of its agriculture prices linked to the Chicago Mercantile Exchange and MIAX Futures Exchange to align the time of publication with the exchanges’ settlement time at 1:15pm US Central Time.
Fastmarkets is expanding its renewable fuels coverage with the launch of new European HVO price assessments for four different product categories: HVO (Crop), HVO (UCO), HVO (Tallow) and HVO (POME), effective Thursday April 30, 2026.
Following changes to the Netherlands biofuels mandate framework ahead of the country’s full implementation of the third iteration of the EU Renewable Energy Directive (RED III), aviation will no longer be included in the national mandate system.