Soybean oil is consumable and classified as vegetable oil due to its wide uses in cooking. Its application can also be found in painting industry where it is used as a drying Soybean oil futures trade at CME Groups Chicago Board of Trade. Soybean oil futures are popularly traded as they are very liquid commodity contracts.
What is soybean oil?
Soybean oil is one of the two products extracted from crushing soybean, with the other product being soybean meal. Soybean oil is consumable and classified as vegetable oil due to its wide uses in cooking. Its application can also be found in painting industry where it is used as a drying
Where are vegetable oil refineries located in Malaysia?
Today, we operate and manage 3 vegetable oil refineries in Malaysia, located in Port Klang, Kuantan and West Port. We produce various specialty oils and fats to cater different food applications i.e. confectionery, bakery, dairy, infant nutrition, frying and more.
What is a biodegradable soy based hydraulic fluid?
A biodegradable soy-based hydraulic fluid developed by USDA scientists is now being used to operate the elevator system in the Statue of Liberty in New York. Soybean meal is used in food and animal feeds mainly as a protein supplement and source of metabolizable energy. Palm Oil and soybean oil compete in the cooking oil and biofuel industry.