Origins and Production: Cooking oil is derived from various sources, including palm oil, sunflower oil, and soybean oil. Major producers include Indonesia, Malaysia, Argentina, and Brazil. The production process involves extracting oil from seeds or fruit.
Processing: The extracted oil is refined, bleached, and deodorized to remove impurities and improve quality. Different oils undergo specific processing steps based on their source.
Pricing: Cooking oil prices are influenced by factors such as crop yields, global demand, and trade policies. Prices are often quoted on commodity exchanges like CBOT and NYSE.
Freight and Logistics: Cooking oil is transported in bulk tankers or drums. Proper storage and handling are essential to prevent oxidation and maintain quality.
Global Markets: The global cooking oil market is dynamic, with significant trade flows between producing and consuming countries. Key importers include China, India, and the European Union.
