diff --git a/doc/source/whatsnew/v1.3.0.rst b/doc/source/whatsnew/v1.3.0.rst
index 2c09ef90375e9..fad734a0e39ad 100644
--- a/doc/source/whatsnew/v1.3.0.rst
+++ b/doc/source/whatsnew/v1.3.0.rst
@@ -300,7 +300,7 @@ Optional libraries below the lowest tested version may still work, but are not c
 +=================+=================+=========+
 | beautifulsoup4  | 4.6.0           |         |
 +-----------------+-----------------+---------+
-| fastparquet     | 0.3.2           |         |
+| fastparquet     | 0.4.0           |    X    |
 +-----------------+-----------------+---------+
 | fsspec          | 0.7.4           |         |
 +-----------------+-----------------+---------+
diff --git a/pandas/compat/_optional.py b/pandas/compat/_optional.py
index eb2b4caddb7a6..a26da75d921ef 100644
--- a/pandas/compat/_optional.py
+++ b/pandas/compat/_optional.py
@@ -11,7 +11,7 @@
     "bs4": "4.6.0",
     "bottleneck": "1.2.1",
     "fsspec": "0.7.4",
-    "fastparquet": "0.3.2",
+    "fastparquet": "0.4.0",
     "gcsfs": "0.6.0",
     "lxml.etree": "4.3.0",
     "matplotlib": "2.2.3",
diff --git a/pandas/tests/io/test_parquet.py b/pandas/tests/io/test_parquet.py
index 75c0de0a43bb9..3ef77d2fbacd0 100644
--- a/pandas/tests/io/test_parquet.py
+++ b/pandas/tests/io/test_parquet.py
@@ -916,7 +916,6 @@ def test_filter_row_groups(self, pa):
 
 
 class TestParquetFastParquet(Base):
-    @td.skip_if_no("fastparquet", min_version="0.3.2")
     def test_basic(self, fp, df_full):
         df = df_full