Abstract: A palm oil of superior chromaticity and flavor and a manufacturing method therefor with which palm oil can be obtained with good yield even if a chemical refining method of alkaline deacidification is performed. Also a palm oil manufacturing method with which deodorized distillates wherein useful components have been highly concentrated can be obtained, the deodorized distillates and a manufacturing method therefor. Refined palm oil and deodorized distillates as by-product are manufactured with a manufacturing process flow including a process wherein the palm starting material is steamed within 24 hours of harvesting and then pressed to obtain crude palm oil, a subsequent refining process wherein the crude palm oil undergoes alkaline deacidification to obtain the alkaline deacidified palm oil, and a deodorizing process.