A process for producing fat and oil composition and food prepared using the same is capable of decreasing undesirable odors caused by palm oil in spite of using palm oil.The producing process of the present invention is characterized in adding phosphor-containing content ranging from 0.07ppm to 1ppm relative to palm oil into fat and oil composition containing palm oil which is greater than 10wt% and having iodine value ranging from 10 to 81.一種油脂組成物製造方法及使用上述油脂組成物進行油炸之食品，其即便使用棕櫚系油脂仍可抑制棕櫚臭味。本發明之製造方法特徵係於含有10wt%以上且碘價為10-81之棕櫚系油脂的油脂組成物之中添加相對於棕櫚系油脂0.07ppm～1ppm之含磷成份。
