palm oil

American  

noun

1. a yellow butterlike oil derived from the fruit of the oil palm and used as an edible fat and for making soap, candles, etc.

2. oil obtained from various species of palm.

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palm oil British  

noun

1. a yellow butter-like oil obtained from the fruit of the oil palm, used as an edible fat and in soap

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Etymology

Origin of palm oil

First recorded in 1620–30

Example Sentences

Contracts such as U.S. crude oil futures and palm oil were affected Friday morning.

From The Wall Street Journal

Floods have yet to significantly affect palm oil output, though risks may rise if conditions worsen in major producing states, it adds.

From The Wall Street Journal

It favors planters with significant Malaysian upstream operations, as they benefit from strong sensitivity to crude palm oil prices, while facing limited risk of land confiscation.

From The Wall Street Journal

Food companies are still facing higher costs from tariffs on materials like aluminium, used to make canned foods; items like wine, cheese and palm oil did not make the list.

From BBC

Find insight on Rio Tinto, palm oil, and more in the latest Market Talks covering Basic Materials.

From The Wall Street Journal