What are the characteristics of palm oil?
Palm oil is extracted from the palm fruit of the oil palm and is the most efficient oil crop in the world. After entering the full fruit stage, it will bloom and bear fruit all year round, and crops will be harvested throughout the year. After planting, the average yield of raw palm oil per mu is 6 times that of peanuts, 8 times that of soybeans, and 10 times that of rapeseed, so it has the title of “The King of Oil in the World”.
The fleshy endosperm of oil palm fruit is rich in oil, accounting for 60%, from which palm oil is extracted. The main reason why palm oil prices are so low is that there is a large supply, and the price is usually determined by supply and demand, because the production is large and the price is naturally low.