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Vegetable oil is a type of oil derived from plants, such as olives, sunflowers, soybeans, and corn. It is used in a variety of applications, including cooking, baking, and as a base for many processed foods. Vegetable oil is a major component of the oils and fats market, which also includes animal fats, such as lard and tallow, and other plant-based oils, such as palm oil and coconut oil. Vegetable oil is typically used in food production due to its low cost and availability. It is also used in the production of biodiesel, a renewable fuel source.
Vegetable oil is produced through a process of extraction and refining. The extraction process involves pressing or grinding the plant material to release the oil, while the refining process removes impurities and improves the oil's flavor and color. Vegetable oil is also often blended with other oils to create a product with specific characteristics.
Some of the major companies in the vegetable oil market include Cargill, Bunge, Wilmar International, and Archer Daniels Midland. These companies are involved in the production, processing, and distribution of vegetable oil. Show Less Read more