Palm oil is a tropical woody vegetable oil. It is the vegetable oil species with the largest production, consumption and international trade in the world. Together with soybean oil and rapeseed oil, it is called “the world’s three major vegetable oils”. And has a history of more than 5,000 years of consumption.
Palm oil is squeezed from palm fruits on oil palm trees. The pulp and nuts produce palm fruit oil and palm kernel oil, respectively. Traditionally, palm oil only includes the former. Palm oil can be refined and fractionated to obtain products with different melting points, which are widely used in the catering industry, food industry and oleochemical industry.
Southeast Asia and Africa, as the main producing areas of palm fruit oil, account for about 88% of the world’s total palm oil production. Indonesia, Malaysia and Nigeria are the top three producers in the world. China has become the world’s largest importer of palm oil, with an annual consumption of about 6 million tons of palm oil, accounting for 20% of the total market.
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