oil palm

noun
an African feather palm, Elaeis guineensis, the fruits of which yield palm oil.

Origin:
1715–25

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World English Dictionary
oil palm
 
n
a tropical African palm tree, Elaeis guineensis, the fruits of which yield palm oil

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Encyclopedia Britannica
Encyclopedia

oil palm

African tree cultivated as a source of oil in West and Central Africa, where it originated, and in Malaysia and Indonesia, and as an ornamental tree in many subtropical areas; or, the American oil palm, Elaeis oleifera, originating in Central and South America and sometimes cultivated under the erroneous name Elaeis melanococca, the oil of which was probably used for making candles by the early American colonizers.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
The authors recommend oranges, oil palm and cashew as possible alternatives.
The island's lowland forests are being cut down for timber and to make way for
  lucrative plantations such as oil palm.
Now, rubber and oil palm plantations have replaced the rain forest in many
  areas around the town.
Oil palm yield potential is reduced when trees are exposed to stressful
  conditions.
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