The Used Cooking Oil Price Trend moved strongly upward during Q2 2026, supported by tight collection volumes and steady demand from biodiesel and renewable fuel buyers. Across the major monitored export markets, prices increased between 6% and 13% during the quarter.
India and Malaysia recorded the strongest quarterly gains at around 13%, while Vietnam, Singapore, and Peru also experienced clear price increases. However, the market changed direction in June, when buyers reduced procurement after prices had risen sharply. As a result, Used Cooking Oil Prices corrected by roughly 14% to 18% across the monitored markets.
Used cooking oil has become an important feedstock for renewable fuel production. Because of this, its price is increasingly influenced not only by the amount of oil collected from restaurants, food businesses, and other sources, but also by demand from biodiesel and renewable fuel producers.
When collection volumes are limited and buyers remain active, prices can rise quickly. Q2 2026 was a good example of this supply-and-demand relationship.
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Used Cooking Oil Price Trend in Q2 2026
The second quarter of 2026 started with a firm market. Buyers continued to look for used cooking oil for biodiesel and renewable fuel applications, while collection volumes remained relatively tight in several export origins.
This created a simple market situation: there was strong buying interest, but available material was not growing at the same pace. When supply is difficult to increase quickly, sellers generally gain more pricing power. This helped push export prices higher during April and May.
The quarterly increase ranged from about 6% to 13% across the monitored markets. India and Malaysia were at the top of the range, while Peru recorded the smallest increase.
The Used Cooking Oil Price Chart for Q2 2026 would therefore show a generally rising line through most of the quarter, followed by a noticeable downward movement in June. This pattern is important because it shows that the market was not simply moving upward throughout the period. Instead, prices first responded to tight supply and strong demand and then corrected when buyers became more cautious.
Why Did Used Cooking Oil Prices Rise?
One of the main reasons behind the Q2 increase was limited collection.
Used cooking oil is different from many industrial commodities because its supply depends heavily on collection networks. It cannot always be produced quickly when prices rise. Collectors need to gather oil from restaurants, food businesses, commercial kitchens, and other sources before it can be processed and prepared for export.
During Q2 2026, collection volumes struggled to keep pace with export demand in several markets. At the same time, biodiesel and renewable fuel buyers continued to show interest in the feedstock.
This created upward pressure on prices.
Another important factor was renewable fuel demand. As buyers continued sourcing feedstock for biodiesel blending and renewable fuel programs, competition for available used cooking oil remained firm.
The Used Cooking Oil Price Index stayed supported during most of the quarter for this reason. The index reflected the broader strength across the monitored export markets rather than weakness in any single location.
India Used Cooking Oil Price Trend
India recorded one of the strongest increases during Q2 2026. The Used Cooking Oil Price Trend in India increased by approximately 13% during the quarter.
At the FOB Nhava Sheva export market, limited collection volumes met firm demand from biodiesel buyers. Aggregation activity struggled to keep pace with export interest, which created a continuing supply-demand imbalance.
As buying interest remained strong, prices moved higher through the quarter and reached peak levels.
India's performance was particularly notable because it recorded the strongest quarterly increase alongside Malaysia. The market showed how quickly UCO values can respond when demand remains active while collection volumes are restricted.
However, June brought a sharp change. Used Cooking Oil Prices in India fell by around 18% as buyers reduced procurement after the earlier price increase.
This correction suggests that buyers became more cautious once prices reached elevated levels.
Vietnam Used Cooking Oil Price Trend
Vietnam saw a more moderate but steady increase during Q2 2026. Prices rose by approximately 7% at the FOB Haiphong market.
The market was supported by tight collection volumes and continued demand from biodiesel buyers. Limited feedstock availability restricted export supply, while renewable fuel buyers continued looking for material.
Unlike some markets that experienced stronger movements, Vietnam showed a relatively gradual increase. Prices moved upward month after month without major swings during most of the quarter.
This steady movement indicates that the supply-demand balance remained firm rather than suddenly changing.
In June, however, the market also experienced a correction. Used Cooking Oil Prices in Vietnam dropped by around 14% as buyers reduced procurement following the earlier gains.
The decline was smaller than the correction seen in India, but it still showed the same broader regional pattern.
Peru Used Cooking Oil Price Trend
Peru recorded the mildest quarterly increase among the monitored markets, with prices rising by approximately 6% during Q2 2026.
Demand from biodiesel buyers remained firm, but collection volumes were limited by logistical challenges in aggregating used cooking oil at the export origin.
These logistical limitations prevented supply from expanding easily. As a result, prices gradually increased during the quarter.
FOB Callao valuations moved higher without the sharper movements seen in some other markets. The market remained supported by steady demand from renewable fuel buyers.
In June, Peru followed the wider regional trend. Prices corrected by approximately 14% as buyers reduced procurement after the earlier increase.
The relatively modest quarterly gain and 14% June correction suggest that Peru experienced a less aggressive price rise than India or Malaysia, but the underlying market remained supported.
Malaysia Used Cooking Oil Price Trend
Malaysia was one of the strongest-performing markets during Q2 2026, with prices increasing by approximately 13%.
At FOB Port Kelang, tight collection volumes combined with firm renewable fuel demand to push prices higher. Regional biodiesel mandates also helped maintain export interest during the quarter.
The result was a steady increase in valuations, with prices reaching peak levels.
Malaysia matched India for the strongest quarterly gain among the monitored markets. This shows how important regional renewable fuel demand has become for the used cooking oil market.
However, the upward trend did not continue indefinitely. In June, Used Cooking Oil Prices in Malaysia fell by around 15% as buyers reduced procurement after the earlier peak.
The correction was significant, but the market still reflected strong underlying demand for used cooking oil as a renewable fuel feedstock.
Singapore Used Cooking Oil Price Trend
Singapore recorded an approximately 11% increase during Q2 2026.
The market was supported by firm demand from renewable fuel buyers and tight collection volumes at the export origin. Regional aggregation hubs faced continued competition for available feedstock, which helped keep prices elevated.
FOB Singapore valuations increased steadily and followed the broader regional trend.
Singapore's quarterly increase was stronger than Vietnam and Peru but slightly below India and Malaysia. This placed it among the better-performing markets during the quarter.
As with the other markets, June brought a correction. Prices declined by approximately 16% as buyers scaled back procurement following the earlier rise.
Used Cooking Oil Price Chart: What the Q2 Pattern Shows
Looking at the overall Used Cooking Oil Price Chart, Q2 2026 can be divided into two clear stages.
First, prices moved upward as supply remained tight and demand stayed firm. April and May represented the stronger part of the quarter, with prices gradually reaching higher levels across the monitored export markets.
Second, June brought a broad correction. Buyers became more selective after the previous run-up, reducing procurement and putting downward pressure on prices.
The market therefore showed a classic supply-and-demand pattern. When buyers competed for limited feedstock, prices increased. Once buyers reduced their purchasing activity, prices moved lower.
Q2 2026 Market Movement at a Glance
- India: approximately +13% in Q2; around -18% in June.
- Malaysia: approximately +13% in Q2; around -15% in June.
- Singapore: approximately +11% in Q2; around -16% in June.
- Vietnam: approximately +7% in Q2; around -14% in June.
- Peru: approximately +6% in Q2; around -14% in June.
These figures show that all monitored markets experienced quarterly growth followed by a sharp June correction.
Used Cooking Oil Price Forecast
The near-term Used Cooking Oil Price Forecast will likely depend heavily on the balance between collection volumes and renewable fuel demand.
If collection volumes remain limited while biodiesel and renewable fuel buyers continue purchasing actively, prices could remain supported. On the other hand, if buyers continue to reduce procurement after the Q2 price increase, the market could experience additional short-term pressure.
The June correction is therefore an important signal. It does not necessarily mean that the long-term market has weakened. Instead, it shows that buyers may be unwilling to continue purchasing at unusually high levels after a rapid price increase.
For the next period, market participants will likely pay close attention to collection activity, export availability, biodiesel demand, renewable fuel buying, and regional procurement behavior.
What Buyers and Sellers Should Watch
For buyers, one of the most important factors is timing. Buying aggressively during a rapid price increase can increase procurement costs, while waiting too long can create supply risks if availability becomes tighter.
Sellers, meanwhile, need to monitor demand carefully. Strong demand can support higher prices, but sharp increases can eventually encourage buyers to step back.
Collection volumes are also important. If more used cooking oil becomes available, some of the supply pressure could ease. If collection remains difficult, prices may stay firm even when buyers become more cautious.
The regional nature of the market also matters. Price movements in one export origin can influence buying decisions in another, especially when renewable fuel buyers are comparing feedstock availability and costs across markets.
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About Price Watch™
Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics.
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