: an edible fat obtained from the flesh of the fruit of several palms and used especially in soap and lubricating greases
Example Sentences
Recent Examples on the WebA year later, when the first batch of Congolese palm oil was exported to Antwerp, an inaugural bar of soap was produced, placed in a tiny ivory casket, and delivered to the King. Alice Gregory, The New Yorker, 18 July 2022 Indonesia and neighboring Malaysia are the world’s largest exporters of palm oil, accounting for 85% of global production. Niniek Karmini, ajc, 6 July 2022 One metric ton of crude palm oil fetched $1,426 on Monday, up 2.4% on the week, according to the Malaysian Palm Oil Council. Jason Douglas, WSJ, 25 May 2022 Indonesia banned most exports of palm oil in April to protect domestic supplies, but will lift the ban this week. Julia Horowitz, CNN, 23 May 2022 Sprawling refinery operations for crude oil and palm oil reflect the influence of other traders, including the trading arms of BP and Shell. Vivienne Walt, Fortune, 5 Aug. 2022 News of the ban sent Malaysian crude palm oil futures prices — the global benchmark — soaring. Anna Cooban, CNN, 19 May 2022 Underscoring that strategy, the government refrained from hiking the windfall profit tax on crude palm oil producers. Nana Ama Sarfo, Forbes, 15 Nov. 2021 With Shell's arrival in 1956, crude oil quickly replaced palm oil as Oloibiri's main product. Zenger News, Forbes, 2 Nov. 2021 See More