Palm oil is the world’s most actively traded oil and remains a highly demanded vegetable oil for meeting the need to fulfill the market requirements of oils and fats worldwide. This trend can be witnessed by the steadily increasing supply of palm oil over the past years with intriguing developments in the up-, mid- and downstream sectors. According to Rabobank (2016), industry analysts predicted that the global demand for edible oils will quadruple between now and 2050, with 60% of that demand being contributed by palm oil.