Malaysia to Launch Official UCO Reference Price in Q1 2026

Malaysia’s Minister of Plantation and Commodities, Datuk Seri Norliza Ahmad, said that the Malaysian Palm Oil Board (MPOB) plans to officially introduce an official used cooking oil (UCO) reference price in the first quarter of 2026, providing the market with clear and authoritative pricing guidance. She noted that the benchmark would help regulate market transactions, prevent price manipulation and fraud, protect small businesses and collectors, and support the development of a more orderly and sustainable UCO market.

Norliza emphasized that used cooking oil plays a critical role in the “waste-to-value” transition, particularly in downstream applications such as biofuels and palm-based chemical products. She added that MPOB will continue to strengthen governance, traceability, and market oversight to ensure that UCO is managed, traded, and utilized in a safe and well-regulated manner.