What industry does palm oil belong to and how is it processed?

Palm oil Palm oil is an important part of the world oil market. 198 1 year accounts for a large proportion of world oil production, about 9%. So what industry does palm oil belong to? How is it processed?

1. Which industries is palm oil suitable for?

Palm oil is processed in different degrees and used in different places. Those with high degree are generally used in industry, and can also be used in food processing under special circumstances, such as processing chafing dish bottom materials, while those with low degree are used for eating. Palm oil with high melting point of 40-50 degrees Celsius is suitable for oil making, soap making, cosmetics and other chemical industries. Palm oil with a melting point of 30 degrees Celsius is suitable for margarine and cocoa butter. Palm oil with a melting point of 24 degrees Celsius is generally used for fried biscuits, instant noodles and other non-staple foods; Palm oil with melting point 12 degrees Celsius or below is edible oil with certain nutritional value.

2. How is palm oil processed?

Oil palm fruit can extract two different base oils: crude palm oil can be obtained by boiling, crushing and pressing palm pulp; At the same time, in the process of pressing, palm kernel is separated, then pressed and shelled, and the remaining kernel is pressed to obtain palm kernel oil. After refining the two oils according to different needs, more palm oil-related products can be produced, which can be effectively used in food and non-food fields, such as food industry, petrochemical industry, agriculture and so on. It can be said that palm is a good economic plant.

3. The international status of palm oil

As the main palm oil producing areas, Southeast Asia and Africa account for about 88% of the total palm oil production in the world. Indonesia, Malaysia and Nigeria are the top three producers in the world. At present, China has become the largest importer of palm oil in the world, and the annual consumption of palm oil is about 6 million tons, accounting for 20% of the total market.

Postscript: The main factors that affect palm oil price are the change of palm oil demand in the domestic market, the weather and harvest in Malaysia and Indonesia, the change of palm oil demand in the international market, the sea transportation to China and the change of exchange rate.