Oil palm trees originated from West Africa. Industrial palm oil is red, extracted from palm fruit , while palm kernel oil is white, extracted from the inner core.
The production process of palm oil and palm kernel oil is complicated. Mainly through the following processes: sterilization, refining, bleaching, deodorization.
Finally, we got palm oil and palm kernel oil before we sent it to storage.
The cultivation of palm trees began in the early 19th century, when the British Industrial Revolution created the demand for palm oil for candle making and mechanical lubricants.
Palm oil was first supplied by West African farmers, and in 1848 the Dutch colonists brought palm oil to Java. In 1910 England’s colonist Williamson Middleton and banker Henry May founded Sime Darby in Malaysia to grow palm oil.
Palm oil is the main competitor for the world’s leading oil and fat soybean oil. Other competitors include rapeseed oil,sunflower oil , peanut oil, cottonseed oil , palm kernel oil and olive oil. However, the total use of palm oil and palm kernel oil has surpassed the world’s major edible oil soy oil for the first time since 2004 .
In the early 1990s, Malaysia was the world’s largest palm oil producer, accounting for 51% of the world’s production. The Federal Land Development Agency (FELDA), established in 1956, planted palm trees in large numbers to eradicate poverty.
The role of FELDA is to develop new farms using efficient agricultural management and train immigrants to plant palm trees. At the beginning, it was planted with rubber.
Later, government policies began to emphasize crop diversification to avoid the impact of a sharp fall in rubber and tin prices.
In 1961, FELDA developed a 375-hectare palm plantation. Then in 2000, the area of palm plantations expanded to 685,500 hectares, accounting for 76% of the total area of FELDA.
To date, FELDA is the world’s largest palm grower with 900,000 hectares of planted area in Malay and Indonesia.
Global traders, futures hedgers, food manufacturers, and Malaysian palm oil are still the first to derive their higher quality.
This naturally creates a good opportunity for the success of the crude palm oil futures (FCPO) in Malaysia. Foreign traders like to trade and deliver palm oil futures here.
On the Malaysian exchange, the FCPO contract is in units of 25 metric tons . The first phase of trading is from 10:30 to 12:30 in the morning of Malaysia, and the second trading time is from 3:00 pm to 6:00 pm, with the Malaysian currency Ringitas the delivery currency.
We firmly believe that the Malaysian palm oil industry has much room for growth in demand due to the increase in the world’s total population. According to the US Census Bureau, the world population will reach 10 billion by 2050, and the demand for food will definitely increase.
According to the statistics of Oil World in 2007, the planting areas of soybean oil ,sunflower oil and rapeseed oil in the world are 92.63, 22.95 and 27.29 million hectares respectively.
Palm oil has a planting area of only 9.86 million hectares but produces 35.19 million tons of palm oil. The comparison of soybean oil, sunflower oil and rapeseed oil is 35.19, 11.09 and 18.34 million tons respectively.
The growth of the world’s population drives energy demand. With the depletion of crude oil and coal supplies, renewable energy sources such as biodiesel are becoming a substitute. This is another reason to further expand the application of palm oil.
The main purpose
Palm kernel oil contains slightly more unsaturated acid than coconut oil , so its iodine value is higher. Fresh palm kernel oil can be eaten. Palm kernel oil can also be separated into solids and liquids by crystallization and pressing. The fat can be used to substitute cocoa butter , and the liquid oil is used for baking food, hydrogenation or soap making. Palm kernel oil has no special color reaction. If it is mixed with cocoa butter or other oils, it can only be identified by refractive index,saponification value and so on.
related news
Global vegetable oil production may increase to 145.7 million tons in 2011
According to the latest report released by Oil World, after the sharp increase in the previous year, global vegetable oil production may increase by 4% in 2011, as palm production in Malaysia and Indonesia increased, boosting palm oil production.
According to Oil World, global palm oil, soybean oil,cottonseed oil, peanut oil, sunflower oil,rapeseed oil , palm kernel oil and coconut oil production will increase to 145.7 million tons in 2011 .
Oil World expects global palm oil production to increase by 8.5% this year to reach 49.8 million tons. Soybean oil production will increase by 5.2% to 42.3 million tons. Palm oil production for the rest of 2011 will continue to grow substantially from the previous year’s level. Global palm oil production has recovered significantly since March, especially in Malaysia and Indonesia. In Indonesia and Malaysia, oil palm yields have reversed the conditions below the average for two consecutive years and have recovered significantly.
Oil World expects palm oil production in Malaysia to be 18.6 million tons this year, up 16% from the previous year. Indonesian palm oil production will increase by 8.1% to 24 million tons.
Oil World said that palm oil production in the second half of 2011 will reach 26.8 million tons, an increase of 2.2 million tons over the previous year. Malaysian palm oil production will increase by 9% in the second half of the year to 10 million tons, and Indonesia will grow by 7.2% to 13.3 million tons.