Used Cooking Oil (UCO) Price Trends, Forecast, Chart, Prices And Index

The Used Cooking Oil Price Trend moved higher across all monitored export markets in Q2 2026 as tight collection volumes met firm demand from biodiesel and renewable fuel buyers. Quarterly increases ranged from around 6% to 13%, with India and Malaysia recording the strongest gains at about 13%. During most of the quarter, buyers competed for limited available feedstock, which pushed prices higher at major export origins. However, June brought a clear change in direction. After prices had climbed through April and May, buyers reduced procurement and the market corrected sharply, with monthly declines ranging from about 14% to 18%.

Used cooking oil has become an important feedstock for the renewable fuel industry. Restaurants, hotels, food processors, and other businesses generate used cooking oil as part of their normal activities. Once collected and processed, this material can be used by biodiesel and other renewable fuel producers. Because collection depends on actual cooking and food-service activity, supply cannot always increase quickly when demand suddenly becomes stronger. This makes the market sensitive to changes in both availability and buying interest.

Q2 2026 provided a good example of this supply-demand relationship. Limited collection volumes supported prices during much of the quarter, while strong demand from biodiesel and renewable fuel buyers kept competition high. The market then changed direction in June when buyers became more cautious after the earlier price increase.

Used Cooking Oil Market Overview in Q2 2026

The second quarter started with a firm tone in the global used cooking oil market. Buyers were actively looking for feedstock, while collection volumes remained relatively limited in the monitored export markets.

During April and May, the combination of firm demand and restricted availability created steady upward pressure. Sellers were able to maintain stronger offers because buyers still needed material for biodiesel and renewable fuel production. This was particularly noticeable in markets such as India and Malaysia, where quarterly gains reached around 13%.

Vietnam and Singapore also recorded solid increases, while Peru experienced a more moderate rise. Even though the size of the increase differed from one market to another, the general direction during most of Q2 was similar.

The market became very different in June. Buyers reduced their procurement after prices had moved up considerably during the earlier part of the quarter. This change in buying behavior resulted in a sharp correction across every monitored market.

The correction ranged from around 14% in Vietnam and Peru to approximately 18% in India. Malaysia recorded a decline of around 15%, while Singapore fell by approximately 16%.

This shows that the Q2 market had two distinct phases. April and May were characterized by rising prices and tight supply, while June was marked by weaker buying activity and a significant correction.

Why Did Used Cooking Oil Prices Rise in Q2?

The main reason for the increase was the imbalance between collection volumes and demand.

Used cooking oil is different from many conventional commodities because its supply is closely connected to the amount of cooking activity taking place. Collection companies cannot simply increase production whenever prices rise. They need to collect the oil from restaurants, food businesses, hotels, and other sources.

When buyers need more material than collectors can gather, competition naturally increases. This was one of the main factors supporting the market during Q2 2026.

Demand from biodiesel producers was another important factor. Biodiesel buyers continued to source used cooking oil as a feedstock, keeping purchasing activity firm through much of the quarter. Renewable fuel demand also added support.

The situation was particularly strong in markets where export availability was already limited. Buyers looking for material had to compete for available volumes, allowing sellers to maintain higher prices.

The result was a steady increase across the monitored markets.

Used Cooking Oil (UCO) Price Chart During Q2

The Used Cooking Oil Price Chart showed a clear upward movement during most of Q2 2026, followed by a sharp correction in June.

India and Malaysia recorded the strongest quarterly gains, both increasing by approximately 13%. Singapore followed with an increase of around 11%, while Vietnam gained about 7%. Peru recorded the smallest quarterly increase at around 6%.

The different rates of increase reflected local supply conditions and buying activity.

India experienced particularly strong competition for available feedstock. Malaysia also benefited from firm regional biodiesel demand and limited collection volumes.

Vietnam showed a more gradual increase. Prices moved higher without the larger swings seen in some other markets. Peru also recorded a steady increase, although the quarterly gain was smaller because logistical difficulties limited the pace of supply aggregation.

Singapore followed the broader regional pattern, with tight availability and competition among buyers supporting a steady rise.

The June correction changed the shape of the chart. Prices fell sharply across all five monitored markets after buyers reduced procurement.

Used Cooking Oil (UCO) Price Index Market Movement

The Used Cooking Oil Price Index remained supported during most of Q2 because demand from biodiesel and renewable fuel industries continued to meet limited supply.

An index is useful because it helps show the broader direction of the market rather than focusing on only one location. In Q2, the overall direction was clearly positive through April and May.

However, the June correction is equally important. A market index can sometimes hide major changes if only quarterly averages are considered. Looking at monthly movement provides a better understanding of how quickly conditions changed.

The Q2 experience suggests that used cooking oil prices can respond quickly when buyers change their procurement strategies. After the earlier increase, buyers became more cautious in June. This reduced competition and brought prices down significantly.

Therefore, the market should not be viewed only through its quarterly increase. The timing of the price movement is also important.

India Used Cooking Oil Price Trend

India recorded one of the strongest performances in the monitored markets during Q2 2026.

The Used Cooking Oil market in India increased by around 13% during the quarter. Firm demand from biodiesel buyers met tight collection volumes, creating a strong imbalance between available supply and export interest.

Collection and aggregation struggled to keep pace with demand. As buyers continued looking for material, competition increased at the export origin.

FOB Nhava Sheva values reached peak levels during the quarter. The market remained supported by demand from renewable fuel and biodiesel blending buyers.

The situation changed in June. After the earlier price increase, buyers reduced their procurement activity. As a result, Used Cooking Oil prices in India fell by around 18%.

This was the sharpest monthly correction among the monitored markets.

The Indian market therefore experienced a strong rise during the quarter followed by a particularly steep June decline.

Vietnam Used Cooking Oil Price Trend

Vietnam recorded a more moderate increase during Q2 2026.

The Used Cooking Oil Price Trend in Vietnam rose by approximately 7%. Collection volumes remained tight while biodiesel buyers maintained steady demand.

Limited feedstock availability restricted export supply from processors. This created a continuing supply-demand gap and supported prices.

Unlike some markets where prices moved more sharply, FOB Haiphong valuations increased gradually through the quarter. The market did not experience major swings during April and May.

Renewable fuel buyers remained active, helping keep the market elevated.

However, June brought a significant correction. Used Cooking Oil prices in Vietnam declined by around 14% as buyers reduced procurement following the earlier gains.

The Vietnamese market therefore showed a steady quarterly increase followed by a clear correction at the end of the period.

Peru Used Cooking Oil Price Trend

Peru recorded the smallest quarterly increase among the monitored markets, with prices rising by around 6% during Q2 2026.

The market remained supported by firm biodiesel demand. At the same time, logistical difficulties made it harder to aggregate used cooking oil efficiently at the export origin.

This created a modest but consistent supply shortage.

FOB Callao valuations increased gradually rather than showing the sharper movements seen in some other markets. Buyers continued to source material, while limited collection availability provided support.

The market changed direction in June when procurement activity slowed. Used Cooking Oil prices in Peru fell by around 14% during the month.

Although Peru recorded the smallest quarterly gain, the market still followed the same broad pattern as the other monitored origins: rising prices through most of the quarter followed by a sharp June correction.

Malaysia Used Cooking Oil Price Trend

Malaysia matched India with the strongest quarterly increase of approximately 13%.

The Used Cooking Oil Price Trend in Malaysia was supported by tight collection volumes and firm demand from renewable fuel buyers. Regional biodiesel requirements helped maintain export interest throughout the quarter.

As buyers continued to source feedstock, available volumes remained under pressure.

FOB Port Kelang valuations climbed toward peak levels during the quarter. Biodiesel buyers looking for feedstock for blending and renewable fuel production helped maintain strong purchasing activity.

However, the strong upward movement could not continue into June.

After prices had reached elevated levels, buyers scaled back procurement. This resulted in a correction of around 15% during June.

Malaysia therefore showed one of the strongest quarterly increases but also experienced a significant monthly decline at the end of the quarter.

Singapore Used Cooking Oil Price Trend

Singapore recorded an increase of around 11% during Q2 2026.

Firm demand from renewable fuel buyers met tight collection volumes at the export origin. Regional aggregation hubs faced continued competition for available feedstock, which supported prices.

FOB Singapore valuations increased steadily throughout the quarter. The movement broadly followed the trend seen in other Asian export markets.

Biodiesel buyers remained active during most of the period, helping maintain elevated market values.

However, the market corrected sharply in June. Used Cooking Oil prices in Singapore fell by around 16% as buyers reduced procurement following the earlier increase.

The Singapore market therefore remained firm through most of Q2 but ended the quarter with a substantial correction.

Comparison of Q2 2026 Market Movements

The five monitored markets showed different levels of quarterly growth.

India and Malaysia recorded the highest quarterly increases at around 13%. Singapore followed at approximately 11%. Vietnam increased by around 7%, while Peru recorded a gain of approximately 6%.

Despite these differences, the reason behind the increases was broadly similar. Collection volumes remained tight while demand from biodiesel and renewable fuel buyers stayed firm.

The June correction was also widespread.

India recorded the largest decline at around 18%, followed by Singapore at approximately 16%, Malaysia at about 15%, and Vietnam and Peru at around 14%.

This broad-based correction indicates that the June decline was not limited to one specific country. Instead, it reflected a wider change in procurement behavior after the market had experienced a strong run-up.

What the June Correction Means for the Market

The June correction is an important part of the Q2 story.

When prices rise quickly, buyers often become more cautious. They may reduce immediate purchases, use existing stocks, or wait for prices to become more attractive.

That appears to have happened across the monitored UCO markets in June.

The correction does not necessarily mean that underlying demand disappeared. Biodiesel and renewable fuel producers still require feedstock. Rather, the immediate purchasing pace became slower after the earlier increase.

This distinction is important when looking at future market conditions. A short-term price correction can happen even when long-term demand remains stable.

Factors to Watch for Future UCO Prices

Collection volumes will remain one of the most important factors for the market.

If collection remains limited while biodiesel and renewable fuel demand stays firm, prices may again face upward pressure. If collection improves and more material becomes available, buyers may have greater negotiating power.

Biodiesel demand will also remain important. Any change in blending activity or production economics can influence the amount of UCO purchased by fuel producers.

Renewable fuel demand is another factor to watch. As the use of waste-based feedstocks expands, competition for available UCO can increase.

Export activity is also important. Changes in trade flows can quickly alter the balance between local availability and international demand.

Logistics should not be overlooked either. Used cooking oil must be collected and transported before it can reach processors or export terminals. Problems with aggregation or transportation can reduce effective supply even when waste oil is available in the wider market.

Used Cooking Oil Price Forecast Outlook

Looking ahead, the UCO market is likely to remain sensitive to the balance between supply and demand.

The Q2 2026 experience showed that prices can move higher when collection volumes are tight and buyers remain active. At the same time, the sharp June correction demonstrated that prices can also fall quickly when procurement slows after a strong run-up.

The future direction will depend on how quickly collection volumes recover, how strong biodiesel demand remains, and how renewable fuel buyers approach procurement.

If supply remains limited and demand strengthens again, prices could come under renewed upward pressure. If collection improves and buyers remain cautious, the market could stay more balanced.

Regional differences will also remain important. India, Malaysia, Vietnam, Peru, and Singapore have different collection systems, logistics networks, and export conditions. Therefore, their prices may not always move at the same speed.

Conclusion

The Q2 2026 market provided a clear example of how supply and demand can shape the used cooking oil industry. Prices increased across all monitored export markets as tight collection volumes met firm demand from biodiesel and renewable fuel buyers.

India and Malaysia recorded the strongest quarterly gains at approximately 13%, followed by Singapore at 11%, Vietnam at 7%, and Peru at 6%. Prices continued to receive support through most of the quarter as buyers competed for limited available feedstock.

June brought a major change. After the earlier price increases, buyers reduced procurement and prices corrected sharply across every monitored market. India recorded the largest decline at around 18%, while Malaysia, Singapore, Vietnam, and Peru also experienced significant decreases.

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