Palm oil is a form of edible vegetable oil obtained from the fruit of the MF palm tree. Previously the second-most widely produced edible oil, after soybean oil 28 million metric tons were produced worldwide in 20041:11. It may have now surpassed soybean oil as the most widely produced vegetable oil in the world. The palm fruit is the source of both palm oil (extracted from palm fruit) and palm kernel oil (extracted from the fruit seeds). Babassu oil is extracted from the kernels of the Babassu palm. Palm oil itself is reddish because it contains a high amount of beta carotene. It is used as cooking oil, to make rnar retain and is a component of many processed foods. Boiling it a few minutes destroys the carotenoid and the oil becomes white.
In fact, in many instances, palm oil has been used as 100 percent replacement for traditional hydrogenated seed oils such as soybean oil and canola. Products fried in palm oil include potato chips, French fries, doughnuts, !amen noodles and nuts.
Also Palm Oil is being used more as worldwide as fuel or as feedstock for bio-diesel production.