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The demand for used cooking oil (UCO) is increasing primarily due to its growing role in sustainable biofuel production. Government policies and incentives promoting renewable energy sources and waste-to-energy initiatives call for the adoption of circular economy practices and contribute to the increased usage of UCO in various industries, particularly in the production of biodiesel.
Traders and procurers of used cooking oil (UCO) encounter several challenges from price volatility to supply chain instability.
UCO prices can be highly volatile due to fluctuating supply and demand dynamics, market speculation and varying feedstock costs, making it difficult for procurers to agree with suppliers on stable, long-term pricing terms.
Fastmarkets Agriculture prices are embedded in the workflow of nearly all collectors and buyers in the UCO supply chain, from restaurants to renewable diesel plants. Our benchmark prices for feedstocks include tallow, choice white grease and stabilized poultry fat assessments. With over sixty years of experience in covering animal fat and feedstock prices, we are able to equip you with the reputable and recognizable price data you need to trade successfully in the used cooking oil market.
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Fastmarkets’ mission is to meet the market’s data requirements honestly and independently, acting with integrity and care to ensure that the trust and confidence placed in the reliability of our pricing methodologies is maintained.
Discover how to master price data for better contract negotiations and stronger strategic decision-making for your business.
Using our commodity price data and referring to specific price indices in contracts can be a strategic approach to navigating the dynamics of the agriculture, biofuels and feedstock commodity markets.
Whether you’re involved in procurement or trading, leveraging our prices can help you in analyzing cost and negotiating agreement price.
Fastmarkets publishes hundreds of price assessments each day for traditional agricultural commodities and emerging markets. These include both spot and forward pricing for soybeans and soy products, corn, wheat, vegetable oils and meals globally, as well as prices for biofuels, animal fats and oils, hemp, organic, non-gmo grains and industrials such as hides and leather.
Our customer base is varied, ranging from global agricultural conglomerates, smaller trading companies, broking houses, government bodies, analytical organizations, banks and investment funds. Read more
Global feedstock markets are continuously affected by a number of factors that act at a local and regional level – like weather, governmental legislation and geopolitical relations. Due to a more complex scenario characterized by climate change and war, we’re likely to see shifting production forecasts and price changes more frequently. Mitigating financial risk when trading in wheat commodities is becoming more challenging.
By using a price reporting agency (PRA). You can:
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