Used Cooking Oil (UCO) Price Trend Q1 2024
In Q1 2024, global UCO export markets faced sharp downward pressure with prices declining in a 5-10% range across key origins, driven by soft FOB levels at India’s Nhava Sheva, Vietnam’s Haiphong, Peru’s Callao, Malaysia’s Port Kelang, and Singapore’s Port Singapore amid post-holiday surpluses.
Export hubs reflected bearish dynamics: declines from seasonal collections and competing oils like PFAD and soybean in India, Peru, and Singapore, softer tones in Vietnam and Malaysia via palm overspill and weak biofuel pulls. Abundant inventories, elevated crude costs, and cautious procurement foster potential stabilization for Q2 2024 pricing trajectories.
Vietnam: UCO Export prices FOB Haiphong, Vietnam, Grade- Free Fatty Acid (FFA): 5% FOB Haiphong
In Q1 2024, Used Cooking Oil prices in Vietnam ranged 810-855 USD and showed a downward price trend. The 5.11% decrease arose from ample post-Lunar New Year collections flooding markets and subdued regional biodiesel demand amid cheap palm oil imports from Indonesia pressuring values.
Supply comfortably exceeded needs, with Haiphong port exports decelerating despite consistent oleochemical inquiries from soap manufacturers. Buyers adopted measured positions amid policy uncertainties.
The Used Cooking Oil price trend in Vietnam reflects pronounced seasonal abundance countering modest external biodiesel pull factors. Although trading volumes remained balanced overall, cautious procurement from animal feed blenders contributed meaningfully to the price softening observed.
In March 2024, Used Cooking Oil prices in Vietnam increased by 1.31%, influenced by emerging supply tightness from stringent quality inspections, minor logistical delays at Haiphong, and proactive restocking efforts by biofuel processors gearing up for anticipated summer blending peaks that sparked this modest recovery.
Peru: UCO Export prices FOB Callao, Peru, Grade- Free Fatty Acid (FFA): 5% FOB Callao
In Q1 2024, Used Cooking Oil prices in Peru ranged 850-895 USD and showed a downward price trend. The 8.33% decrease arose from abundant collections following summer holidays creating surpluses and weak exports to US biodiesel markets amid fierce competition from cheaper soybean oil alternatives flooding regional channels.
Supply volumes substantially outpaced available Callao port shipment capacities, while local fishmeal and animal nutrition producers adopted notably conservative buying strategies amid lingering economic pressures.
The Used Cooking Oil price trend in Peru reflects heavy seasonal surpluses progressively dampening underlying regional demand dynamics effectively. Overall trading activity slowed considerably amid Peruvian sol currency volatility concerns.
In March 2024, Used Cooking Oil prices in Peru decreased by 2.82%, influenced by mounting excess inventories across coastal hubs, sharply reduced biofuel procurement inquiries originating from North American buyers, and escalating logistical handling costs at Callao port that collectively pushed reluctant sellers to concede additional ground amid persistently soft global vegetable oil benchmarks prevailing throughout the period.
Malaysia: UCO Export prices FOB Port Kelang, Malaysia, Grade- Free Fatty Acid (FFA): 5% FOB Port Kelang
In Q1 2024, Used Cooking Oil prices in Malaysia ranged 790-860 USD and showed a downward price trend. The 5.17% decrease arose from abundant palm oil oversupply creating negative spillovers and correspondingly weak EU biodiesel export demand amid elevated CPO benchmark prices dominating regional sentiment.
Port Kelang shipment schedules slowed appreciably while local refiners and oleochemical plants bought volumes cautiously amid uncertainty. The Used Cooking Oil price trend in Malaysia reflects palm sector dominance consistently pressuring secondary UCO values downward. Domestic blending paused temporarily.
In March 2024, Used Cooking Oil prices in Malaysia increased by 5.93%, influenced by tightening quality-compliant supplies meeting specifications, EU biofuel tenders resuming actively, and emerging loading premiums at Port Kelang coinciding with national biodiesel blending mandate hikes that collectively drove this corrective rebound effectively.
Singapore: UCO Export prices FOB Port Singapore, Singapore, Grade- Free Fatty Acid (FFA): 5% FOB Port of Singapore
In Q1 2024, Used Cooking Oil prices in Singapore showed a downward price trend. The 8.29% decrease stemmed from ample supply inflows from regional collectors amid subdued biodiesel demand in Southeast Asia, coupled with steady exports to Europe facing their own feedstock surpluses.
Trading activity remained low as buyers adopted cautious stances post-festive slowdowns, leading to softer negotiations and widened bid-ask spreads favoring sellers minimally. High palm oil inventories indirectly pressured UCO values downward.
The Used Cooking Oil price trend in Singapore reflects oversupply pressures and weak offtake from key downstream sectors like biofuel production, with port stocks building up at the FOB hub.
In March 2024, Used Cooking Oil prices in Singapore increased by 1.38%, driven by short-term restocking ahead of Q2, minor supply disruptions from Indonesian collection pauses, and speculative buying on anticipated biodiesel policy tweaks, though overall sentiment stayed bearish due to persistent high inventories.
India: UCO Export prices FOB Nhava Sheva, India, Grade- Free Fatty Acid (FFA): 5% FOB Nhava Sheva
In Q1 2024, Used Cooking Oil prices ranged 875-1015 USD in India, exhibiting a sharp downward price trend. The 10.43% quarterly decline stemmed from diminished restaurant collections during the post-winter pause, alongside faltering export demand to European biodiesel facilities burdened by soaring energy costs and regulatory hurdles.
Prices contracted further as domestic inventories piled up, pressuring sellers amid tepid buying from oleochemical, soap, and animal feed sectors. Trading volumes remained notably low, with participants embracing a cautious wait-and-see stance amid economic uncertainties. The Used Cooking Oil price trend in India revealed clear vulnerabilities to seasonal supply fluctuations and lingering hesitancy in procurement.
In March 2024, prices dropped by 10.32%, intensified by excess supply accumulation, eased national biodiesel blending mandates, and fierce competition from palm fatty acid distillate (PFAD) imports sourced from Indonesia and Malaysia, which forced FOB Nhava Sheva exporters to drastically slash their quotes to maintain any meaningful flow.
Used Cooking Oil (UCO) Price Trend Q2 2024
In Q2 2024, global UCO export markets displayed mixed performance with prices shifting in a 1-9% range across key origins, driven by varied FOB dynamics at India’s Nhava Sheva, Vietnam’s Haiphong, Peru’s Callao, Malaysia’s Port Kelang, and Singapore’s Port Singapore amid monsoon influences.
Export hubs reflected divergent pressures: bearish softening in India and Singapore from oversupply and crude benchmarks, gains in Vietnam, Peru, and Malaysia via biofuel policies and weather-curbed collections. Monsoon accruals, policy boosts like B30 blending, and fatty acid absorption foster tentative recovery for Q3 2024 pricing trajectories.
Vietnam: UCO Export prices FOB Haiphong, Vietnam, Grade- Free Fatty Acid (FFA): 5% FOB Haiphong
In Q2 2024, Used Cooking Oil prices in Vietnam ranged 860-895 USD and showed an upward price trend. The 4.79% increase was due to robust biofuel exports to ASEAN neighbors under expanding green energy agreements and monsoon weather effectively curbing new collections in rural provinces.
Haiphong port witnessed brisk loading schedules complemented by quality-driven premiums amid notably active trading sessions. The Used Cooking Oil price trend in Vietnam reflects resilient regional sustainability demand dynamics overpowering available local feedstock supplies consistently.
Domestic fatty acid production needs from expanding soap industries provided reliable additional support throughout. In June 2024, Used Cooking Oil prices in Vietnam decreased by -2.13%, influenced by sudden palm stearin oversupply influxes, government easing of biofuel blending mandates temporarily, and accelerated Haiphong shipment executions enabling widespread profit-taking that materially eased prevailing market tensions during the period.
Peru: UCO Export prices FOB Callao, Peru, Grade- Free Fatty Acid (FFA): 5% FOB Callao
In Q2 2024, Used Cooking Oil prices in Peru ranged 790-970 USD and showed an upward price trend. The 1.70% increase was due to renewed biofuel consumption demand emerging from neighboring Chile alongside Europe and concurrent winter collection reductions across key coastal collection zones in Peru.
The notably wide Callao price range accurately captured prevailing volatile spot trading patterns punctuated by selective quality specification uplifts during peak activity windows. The Used Cooking Oil price trend in Peru reflects gradual recovery in export flows persisting despite stubborn local oversupply conditions lingering stubbornly.
Competing fish oil byproducts exerted only mild downward pressures throughout. In June 2024, Used Cooking Oil prices in Peru increased by 8.04%, influenced by acute supply tightness reminiscent of Vietnam patterns stemming from disruptive El Niño rains, unexpected speculative tenders arriving from the US, and emerging premium loadings at Callao that collectively sparked this impressive sharp rebound amid building biodiesel policy optimism across Latin America.
Malaysia: UCO Export prices FOB Port Kelang, Malaysia, Grade- Free Fatty Acid (FFA): 5% FOB Port Kelang
In Q2 2024, Used Cooking Oil prices in Malaysia ranged 870-885 USD and showed an upward price trend. The 6.67% increase was due to accelerated B30 biodiesel policy implementation substantially boosting domestic consumption requirements alongside monsoon weather conditions effectively curbing fresh collections across plantations.
The impressively tight Kelang price range evidenced underlying firm spot trading conviction prevailing strongly. The Used Cooking Oil price trend in Malaysia reflects decisive policy-driven recovery dynamics unfolding robustly. Fatty acid derivatives absorbed reliably.
In June 2024, Used Cooking Oil prices in Malaysia increased by 0.11%, influenced by persistent constructive CPO price linkages transmitting stability, minor operational delays accumulating at facilities, and well-balanced Port Kelang supply-demand equilibrium maintaining gentle upward bias throughout the month.
Singapore: UCO Export prices FOB Port Singapore, Singapore, Grade- Free Fatty Acid (FFA): 5% FOB Port of Singapore
In Q2 2024, Used Cooking Oil prices in Singapore showed a downward price trend. The -1.13% dip resulted from continued high supply availability from palm oil by-product chains and tepid demand from biodiesel refiners prioritizing cheaper alternatives like PFAD amid volatile crude prices.
Seasonal monsoon impacts in collection areas slightly eased supply, but ample floating stocks in Singapore ports kept pressure on sellers, limiting upside. Export inquiries slowed from major markets.
The Used Cooking Oil price trend in Singapore indicates balanced yet soft market conditions with limited buyer enthusiasm and routine trading volumes. In June 2024, Used Cooking Oil prices in Singapore decreased by 0.90%, influenced by end-quarter profit-taking, reduced export inquiries from China due to economic headwinds, and heightened competition from fresh vegetable oil supplies, prompting cautious procurement, thinner spot trades, and a stabilization at lower levels in the FOB Singapore benchmark.
India: UCO Export prices FOB Nhava Sheva, India, Grade- Free Fatty Acid (FFA): 5% FOB Nhava Sheva
In Q2 2024, Used Cooking Oil prices ranged 805-895 USD in India, maintaining a bearish downward price trend. The 8.99% reduction was triggered by plentiful monsoon-season collections overwhelming storage facilities, coupled with biodiesel sector reluctance amid elevated global crude benchmarks that severely undermined blending economics and profitability.
The price spectrum narrowed accordingly, marked by significantly diminished trading activity as buyers deferred large commitments pending clearer biofuel policy directions from authorities.
Domestic fatty acid processors manage steady but limited absorption. The Used Cooking Oil price trend in India illustrated stark oversupply dominance clashing against consistently muted industrial demand pull.
In June 2024, prices rebounded sharply by 6.93%, courtesy of critical supply interruptions from heavy regional flooding in Maharashtra and Gujarat, fresh biofuel procurement calls emanating from Europe, and aggressive speculative positions that effectively constricted immediate availability at the FOB Nhava Sheva loading point.
Used Cooking Oil (UCO) Price Trend Q3 2024
In Q3 2024, global UCO export markets posted solid upward performance with prices rising in a 2-7% range across key origins, driven by firm FOB premiums at India’s Nhava Sheva, Vietnam’s Haiphong, Peru’s Callao, Malaysia’s Port Kelang, and Singapore’s Port Singapore amid festival disruptions.
Export hubs reflected rebound pressures: gains in India, Peru, and Malaysia from EU sustainability certifications and collection pauses, advances in Singapore and Vietnam via biofuel mandates and regional pulls. Compliance-driven demand, logistical snags, and oleochemical support foster continued recovery into Q4 2024 pricing trajectories.
Vietnam: UCO Export prices FOB Haiphong, Vietnam, Grade- Free Fatty Acid (FFA): 5% FOB Haiphong
In Q3 2024, Used Cooking Oil prices in Vietnam ranged 875-910 USD and showed an upward price trend. The 2.86% rise stemmed from steady biofuel procurement orders originating from Japan and South Korea alongside festival-related pauses disrupting urban collections nationwide.
Haiphong trading activities remained consistently firm even amidst ongoing palm oil import competition challenges. The Used Cooking Oil price trend in Vietnam reflects well-balanced recovery supported by enduring global buyer pulls amid stable domestic conditions prevailing. Reliable absorption from the animal feed formulation sector further aided this price resilience effectively.
In September 2024, Used Cooking Oil prices in Vietnam decreased by 1.11%, influenced by substantial post-festival collection rushes returning to markets, persistently stable crude oil values curbing biodiesel blend economics, and competitive pricing pressures from alternative Malaysian UCO offerings that constrained selective Haiphong port dealings significantly.
Peru: UCO Export prices FOB Callao, Peru, Grade- Free Fatty Acid (FFA): 5% FOB Callao
In Q3 2024, Used Cooking Oil prices in Peru ranged 935-980 USD and showed an upward price trend. The 6.70% rise stemmed from robust sustainability-driven export contracts targeting the EU market alongside pronounced mid-year collection slowdowns disrupting regular supply chains effectively.
Callao port loading schedules accelerated meaningfully supported by consistently firm buyer bids materializing regularly. The Used Cooking Oil price trend in Peru indicates clear biofuel-led momentum steadily building across quarters observably. Local oleochemical manufacturing operations provided supplementary steady absorption support reliably.
In September 2024, Used Cooking Oil prices in Peru decreased by 3.09%, influenced by substantial post-winter collection influxes returning forcefully to markets, persistently stable international crude oil values materially curbing biodiesel blend profitability calculations, and intensifying rivalry from abundant Brazilian soy oil offerings that progressively softened selective Callao spot market deals throughout the month.
Malaysia: UCO Export prices FOB Port Kelang, Malaysia, Grade- Free Fatty Acid (FFA): 5% FOB Port Kelang
In Q3 2024, Used Cooking Oil prices in Malaysia ranged 875-940 USD and showed an upward price trend. The 3.41% rise stemmed from growing EU sustainability certification demand targeting compliant cargoes alongside nationwide festive halts disrupting regular collection cadences materially.
Port Kelang loading operations firmed consistently across weeks. The Used Cooking Oil price trend in Malaysia indicates steady export positioning strengthening gradually. Local processors contributed supportively.
In September 2024, Used Cooking Oil prices in Malaysia increased by 0.43%, influenced by selective premium quality grade bids dominating negotiations, constructive national biofuel policy optimism building sentiment, and incremental Port Kelang supply tightness positioning benefiting positioned sellers effectively during the period.
Singapore: UCO Export prices FOB Port Singapore, Singapore, Grade- Free Fatty Acid (FFA): 5% FOB Port of Singapore
In Q3 2024, Used Cooking Oil prices in Singapore showed an upward price trend. The 3.43% increase was fueled by recovering biodiesel mandates in Europe and stronger regional demand from Malaysian refiners, tightening available volumes at the Singapore hub amid logistical delays.
Supply constraints emerged from stricter collection regulations in Indonesia, supporting firmer offers and active bidding. Palm fatty acid distillate competition eased slightly. The Used Cooking Oil price trend in Singapore highlights bullish momentum from biofuel policy tailwinds, improved freight economics, and reduced port dwell times.
In September 2024, Used Cooking Oil prices in Singapore increased by 3.77%, propelled by peak-season restocking, positive EU renewable fuel targets boosting imports, temporary supply halts from weather-affected collections in the archipelago, enhanced seller leverage, and heightened trading volumes that solidified gains in the FOB Singapore market.
India: UCO Export prices FOB Nhava Sheva, India, Grade- Free Fatty Acid (FFA): 5% FOB Nhava Sheva
In Q3 2024, Used Cooking Oil prices ranged 925-930 USD in India, pivoting decisively to a solid upward price trend. The 7.56% appreciation arose from vigorous EU biodiesel import needs closely aligned with stricter sustainability certifications, plus acute domestic supply constraints from widespread festival disruptions in urban collections.
Prices stabilized at higher levels, underpinned by vibrant trading sessions and increasingly scarce spot cargoes rigorously vetted for compliance quality. Additional support flowed steadily from cosmetics and soap derivative manufacturing demand.
The Used Cooking Oil price trend in India signified a strong market rebound anchored firmly in global compliance mandates alongside persistent local logistics snags. In September 2024, prices advanced incrementally by 0.32%, preserving overall poise through well-equilibrated supply-demand balances, weather-induced vessel delays plaguing Nhava Sheva operations, and unwavering solicitations from renewable fuel buyers that successfully warded off any potential reversals.
Used Cooking Oil (UCO) Price Trend Q4 2024
In Q4 2024, global UCO export markets experienced mild downward performance with prices softening in a 1-4% range across key origins, driven by subdued FOB levels at India’s Nhava Sheva, Vietnam’s Haiphong, Peru’s Callao, Malaysia’s Port Kelang, and Singapore’s Port Singapore amid post-festive surpluses.
Export hubs reflected normalizing pressures: declines from inventory builds and fading biofuel peaks in Vietnam, Peru, and Singapore, gentle easing in India and Malaysia via competing oils and CPO gluts. Year-end oversupply, holiday slowdowns, and tempered demand foster stabilization prospects for Q1 2025 pricing trajectories.
Vietnam: UCO Export prices FOB Haiphong, Vietnam, Grade- Free Fatty Acid (FFA): 5% FOB Haiphong
In Q4 2024, Used Cooking Oil prices in Vietnam ranged 830-915 USD and showed a downward price trend. The 4.44% decrease was due to pronounced year-end oversupply conditions from fully normalized collection operations and notably weaker biofuel export momentum amid volatile global energy market swings.
Haiphong spot market deals exhibited wide variability patterns with sellers resorting to substantial discounts frequently. The Used Cooking Oil price trend in Vietnam reflects building inventory pressures effectively eclipsing underlying demand fundamentals across segments. Overall trading activity from downstream processors remained notably subdued marking widespread caution.
In December 2024, Used Cooking Oil prices in Vietnam increased by 6.38%, influenced by acute holiday-season shortages materializing unexpectedly, renewed high-volume tenders from Japanese importers, and emerging quality specification premiums at Haiphong that collectively drove this sharp late-quarter rally despite prevailing quarterly losses.
Peru: UCO Export prices FOB Callao, Peru, Grade- Free Fatty Acid (FFA): 5% FOB Callao
In Q4 2024, Used Cooking Oil prices in Peru ranged 920-960 USD and showed a downward price trend. The 1.05% dip was due to accumulating year-end surpluses originating from steadily resuming normal collection operations nationwide and simultaneously fading seasonal biofuel consumption peaks across primary destinations.
Callao port trades gradually stabilized, featuring predominantly low-volume negotiations patterns. The Used Cooking Oil price trend in Peru reflects inevitable demand normalization dynamics progressively exposing underlying excess stock positions across the chain. Downstream buyer interest cooled measurably.
In December 2024, Used Cooking Oil prices in Peru decreased by 2.21%, influenced by widespread holiday operational slowdowns materializing predictably, materially weaker European biofuel inquiries tapering off, and burgeoning Callao inventory builds that collectively prompted increasingly cautious pricing responses amid temporary fishmeal sector processing pauses extending through period-end.
Malaysia: UCO Export prices FOB Port Kelang, Malaysia, Grade- Free Fatty Acid (FFA): 5% FOB Port Kelang
In Q4 2024, Used Cooking Oil prices in Malaysia ranged 880-915 USD and showed a downward price trend. The 1.10% dip was due to accumulating post-festive surpluses returning forcefully alongside widespread CPO market glut conditions persisting regionally.
Port Kelang trades gradually stabilized featuring subdued volumes characteristically. The Used Cooking Oil price trend in Malaysia reflects demand normalization exposing excess positions clearly. Activity cooled measurably.
In December 2024, Used Cooking Oil prices in Malaysia increased by 2.35%, influenced by timely year-end biofuel tenders materializing unexpectedly, quality-driven loading premiums emerging at facilities, and sustained national biodiesel expansion pushes providing tailwinds through quarter close observably.
Singapore: UCO Export prices FOB Port Singapore, Singapore, Grade- Free Fatty Acid (FFA): 5% FOB Port of Singapore
In Q4 2024, Used Cooking Oil prices in Singapore showed a downward price trend. The 0.55% decline arose from year-end oversupply as collectors ramped up volumes ahead of holidays, outpacing steady but not aggressive biodiesel intake from Asia and Europe.
Exports to India softened due to rupee fluctuations and domestic alt-feedstock preferences. Seller concessions grew. The Used Cooking Oil price trend in Singapore captures marginal softening amid abundant regional feedstocks and normalized demand patterns.
In December 2024, Used Cooking Oil prices in Singapore increased by 4.06%, supported by holiday-shortened trading weeks that thinned liquidity, speculative buying on expected 2025 biofuel hikes across regions, delays in supply arrivals from Southeast Asian ports due to adverse weather, brief spot squeezes, and lifted FOB Singapore quotes amid renewed interest.
India: UCO Export prices FOB Nhava Sheva, India, Grade- Free Fatty Acid (FFA): 5% FOB Nhava Sheva
In Q4 2024, Used Cooking Oil prices ranged 905-925 USD in India, adopting a gentle yet persistent downward price trend. The 1.08% softening reflected post-festive normalization of collections fostering unwelcome surplus conditions, intensified rivalry from plentiful domestic soybean and imported palm olein supplies, alongside tempered national biodiesel blending obligations.
Prices lingered stubbornly in this narrow band, featuring sparse negotiations and highly prudent buyer stances as the year-end approached. Export inquiries experienced a mild but noticeable slowdown. The Used Cooking Oil price trend in India depicted a stabilization effort tainted significantly by mounting inventory overhang across key hubs.
In December 2024, prices eased further by 0.55%, propelled by rapidly diminishing European inquiries, swollen holdings at Nhava Sheva port facilities, and abrupt pre-holiday halts in downstream soap and fatty alcohol processing activities.