Palm oil is a tropical woody plant oil, which is the most widely produced, consumed and traded in the world. It, together with soybean oil and rapeseed oil, is called "the three largest vegetable oils in the world" and has a history of more than 5,000 years. Palm oil is squeezed from palm fruit on oil palm trees, and palm oil and palm kernel oil are made from pulp and kernel respectively. Traditionally, palm oil only contains the former, and palm oil can be refined and separated to obtain products with different melting points. They are widely used in catering industry, food industry and oil industry respectively. Southeast Asia and Africa are the main producing areas of palm oil, accounting for about 88% of the world's total palm oil production. Indonesia, Malaysia and Nigeria are the top three producers in the world.
At present, China has become the world's largest importer of palm oil, and its annual consumption of palm oil is about 6 million tons, accounting for 20% of the total market. Malaysian palm oil exports.