30/03/2026 (Oil & Fats International) - The Malaysian Palm Oil Board (MPOB) has launched a used cooking oil (UCO) price portal to boost the domestic circular economy.

Offered as a free service for all stakeholders, the UCO price portal would ensure transparency and facilitate the buying and selling of UCO, MPOB on 20 March.

The organisation said the launch of the portal was part of the government’s drive to enhance market transparency, strengthen the price discovery mechanism and reduce uncertainty within the oil palm industry value chain in Malaysia.

MPOB director general Dr Ahmad Parveez Ghulam Kadir said by providing a clearer and reliable price benchmark, the UCO reference price supported 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.

Kadir added that the supply of UCO was gaining increased global attention as a key raw material resource in the production of sustainable energy products such as biodiesel and sustainable aviation fuel (SAF), alongside a range of 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,” he added.

According to industry projections, SAF demand could increase by more than three to five times by 2030, increasing the need for raw materials like UCO as a sustainable low-carbon source.

Malaysia had huge 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, MPOB said.

https://www.ofimagazine.com/news/mpob-launches-uco-price-portal-to-boost-circular-economy