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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Coconut oil (or coconut fat) is an edible oil derived from the kernels, meat, and milk of the coconut palm fruit. [1] Coconut oil is a white solid fat below around 25 °C (77 °F), and a clear thin liquid oil at higher temperatures.
The estimated total world production of coconuts in 2022 was 62,409,431 metric tonnes, down 0.6% from 62,791,068 tonnes in 2021. [1] Dependent territories are shown in italics. Indonesia, the Philippines and India produce around 72% of the world's total copra, [1] with Indonesia and the Philippines also being the world's main coconut oil ...
A coconut plantation in Sipocot, Camarines Sur Coconut crafts. Coconut production plays an important role in the national economy of the Philippines.According to figures published in December 2009 by the Food and Agriculture Organization of the United Nations, the Philippines is the world's second largest producer of coconuts, producing 19,500,000 tonnes in 2009. [1]
The coconut industry is vital because the coconut plant itself is versatile, providing income, household products, and a lot of food. [1] For example, coconut provides income for 11 million small farm-holders worldwide and is responsible for the production of ca. 61,165 million nuts every year. [1]
Established in 1897, Franklin Baker Company is a manufacturer and exporter of desiccated and processed coconut products in the U.S. and abroad. The company manufactures the retail coconut brand Baker's Coconut. [1] The business coconut products are manufactured in San Pablo City and Davao del Sur, in the Philippines.
Copra has traditionally been grated and ground, then boiled in water to extract coconut oil. It was used by Pacific island cultures and became a valuable commercial product for merchants in the South Seas and South Asia in the 1860s. Nowadays, coconut oil (70%) is extracted by crushing copra; the by-product is known as copra cake or copra meal ...
A further byproduct called tall oil fatty acid (TOFA) is a cheap source of oleic acid. [219] Tamanu or foraha oil [220] from the Calophyllum tacamahaca, is important in Polynesian culture, and, although very expensive, [220] is used for skin care. [221] Tonka bean oil (Cumaru oil), popular ingredient in cologne, used medicinally in Brazil. [222]