In the world of oils and fats, the lauric oils are the aristocrats. There are very few of them, they move in their own higher price plateau and they do not mix comfortably with the common oils and fats. Among the 17 major oils and fats in world trade, there are only two lauric oils, coconut oil (CNO) and palm kernel oil (PKO) (Oil World Annual, 2000) and they are called lauric because lauric acid is the major fatty acid in their composition at about 50%, while no other major oil contains more than about 1% (butter fat contains 3%). This paper is intended to give a brief outline of the properties, uses and some economic aspects of PKO.