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The consultation period for the proposed discontinuation begins on Tuesday June 30.
A decision notice will be published 45 days pursuant to the initial consultation date, on Tuesday September 1, with the change effective, subject to market feedback, on Tuesday November 3.
The methodologies for the requisite assessments are as follows:
AG-UCO-0004 Used cooking oil, delivered Atlantic Seaboard, cts/lb
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max. 2%, FAC value max. 39Quantity: Minimum five trucks or equivalentLocation: Atlantic Seaboard, deliveredTiming: Shipment within 30 days following date of saleUnit: USD cents/lbPublication: Daily, 3pm US Central time
AG-UCO-0006 Used cooking oil, delivered Southeast US, cts/lb
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max. 2%, FAC value max. 39Quantity: Minimum five trucks or equivalentLocation: Southeast US, deliveredTiming: Shipment within 30 days following date of saleUnit: USD cents/lbPublication: Daily, 3pm US Central time
These prices form part of the Fastmarkets fats and oils package.
All short-term forecasts associated with these prices, if any, will also be discontinued.
To provide feedback on this proposal, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading: “re: Discontinuation of used cooking oil, delivered Atlantic Seaboard, Southeast US.”
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.