MPOB portal's used cooking oil price guide as primary reference, boosting the circular economy and global demand for sustainable fuels

MEDIA RELEASE

For Immediate Release

MPOB portal’s used cooking oil price guide as primary reference, boosting the circular economy and global demand for sustainable fuels

KUALA LUMPUR, 20 March 2026 – The Malaysian Palm Oil Board (MPOB) is urging industry players and the general public to actively participate in the trading of Used Cooking Oil (UCO), in line with efforts to support the development of the nation’s circular economy.

To ensure transaction transparency and facilitate the buying and selling of UCO,MPOB has provided a used cooking oil price reference portal for the domestic market, which can be accessed for free by all stakeholders.

The launch of the UCO average price data information is part of the Government’s continuous efforts through the Ministry of Plantation and Commodities (KPK) to enhance market transparency, strengthen the price discovery mechanism, and reduce uncertainty within the oil palm industry value chain in Malaysia.

MPOB Director General, Datuk Dr. Ahmad Parveez Ghulam Kadir, stated that the display of the UCO reference price provides a clearer and reliable price benchmark, thereby supporting the development of a more transparent and inclusive UCO supply chain.

“This initiative not only strengthens the integrity of the domestic UCO market but also aligns with the Government’s aspirations in driving the circular economy, with the benefit of used cooking oil as a high-value raw material,” he said.

He added that the supply of UCO is increasingly gaining global attention as a crucial raw material resource in the production of sustainable energy products such as biodiesel and Sustainable Aviation Fuel (SAF), alongside various oleochemical products.

“Globally, the demand for SAF is expected to increase significantly, driven by the international aviation industry’s commitment to achieving net-zero carbon emissions by 2050. According to industry projections, SAF demand could increase by more than 3 to 5 times by 2030, consequently surging the need for raw materials like UCO as a sustainable low-carbon source.

Malaysia has immense potential in UCO supply due to the high consumption of palm cooking oil in the household and food service sectors, such as catering businesses and fried food vendors.

For households, collecting UCO not only helps reduce environmental pollution but also has the potential to generate additional income through the sale of UCO to licensed collectors based on current market prices.

From the industry’s perspective, UCO is a strategic raw material resource in the production of high value-added products that are increasingly in demand in the global market. The increase in investments in biodiesel capacity and biofuel refining in the region is expected to continue stimulating the demand for UCO.

The UCO price information on the MPOB portal can benefit households and industry players by:

Providing a transparent and reliable current price guide for UCO;
Reducing uncertainty and the risk of price manipulation in the market; and
Encouraging a more systematic and responsible UCO collection and management.

To refer to the monthly UCO prices, users can visit the portal by searching for the ‘Economics and Industry Development Division’ or via the link (https://bepi.mpob.gov.my/) with free registration. The price report can be accessed under the ‘Prices of Palm Products’ category in the ‘Monthly’ report.