It's a pretty cool plant. It's perennial so doesn't have to be replanted each season.
There is the palm fruit oil which is red & full of flavenoids. This is the easiest to process & so a village can make their own oil. It also fetches a premium in health stores.
There's also the kernel which is cracked & squeezed. This is the cheapest & hss a neutral flavor.
Both contain almost 50% saturated fat IIRC.