Palm oil is the most widely-used vegetable oil in the world. Palm oil is squeezed from the fruits of the oil palm tree (Elaeis Guineensis). Oil palm trees grow in regions around the equator. The oil palm is a tropical tree with leaves about 5 meters long. When the oil palm trees are three to four years old, they develop palm fruit in bunches. The fruit bunches are harvested throughout the year. Each bunch contains hundreds of palm fruits. Palm fruits are about the size of large olives. The fruit has a single seed or kernel, which is used to produce palm kernel oil. Each palm fruit contains about 30-35 per cent oil. One palm tree produces 40 kilogrammes of oil every year. According to according to the International Union for Conservation of Nature (IUCN). Palm oil is important for global food security and economic development.