The refining of palm oil usually goes through several complex steps. The first step is to pick the ripe palm fruit bunches, which are then steamed or sterilized to prevent the fruit from spoiling. Then, palm crude oil is obtained from the fruit by mechanical pressing or solvent extraction.
The obtained crude oil also needs to go through a refining process, including degumming, deacidification, decolorization and deodorization, to remove impurities and undesirable components and improve the quality and stability of the oil.
Palm oil has a wide range of uses. In the food industry, it is widely used in the production of fried foods, baked foods, margarine, chocolate, etc. Due to its good oxidative stability and high smoke point, it is suitable for high-temperature cooking.
In the field of daily chemicals, palm oil is a common ingredient in products such as soaps, shampoos, and skin care products.
In addition, palm oil is also used in the industrial field, such as as a raw material for biofuels.
The demand of the food industry is an important factor affecting the supply and demand of the palm oil market. As people's consumption of convenience foods and fast food increases, the demand for palm oil for frying and baking has also risen accordingly.
In the field of daily chemicals, if consumers' demand for skin care products and cleaning products with natural ingredients grows, it may drive the use of palm oil in this regard.
In the industrial field, the development trend of the biofuel market has a significant impact on the demand for palm oil. When the demand for biofuels increases, the demand for palm oil as a raw material will also increase.
However, market supply and demand are also constrained by other factors. For example, consumers' concerns about health may lead to concerns about the use of palm oil in food, thereby affecting demand.
In addition, the supply of palm oil will also be affected by factors such as weather, planting area, pests and diseases.
The following is a simple table comparing the uses of palm oil in different fields and their impact on market supply and demand:
Food industry Fried foods, baked foods, margarine, etc. Consumption trends and eating habits affect demand, which in turn affects the balance of supply and demand
Daily chemicals Soap, shampoo, skin care products, etc. Consumer preferences for daily chemicals affect demand and supply
Industrial field Biofuel raw materials Energy policies and biofuel market development determine demand and affect supply and demand.
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