Abstract: A powdery or granular fat or oil composition in the form of a powder or granules having a water content of 15% by weight or less, a maximum particle diameter of not greater than 10 mm, an average particle diameter of not greater than 5 mm and an angle of repose of not greater than 70%. The composition is produced simply by mixing only a fat or oil, a base material capable of occlusion or absorption of the fat or oil and a liquid polyol at a temperature at which the fat or oil is molten.