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canola oil / rapeseed oil for sale In agriculture, canola are certain varieties of oilseed rape, or the oil produced from those varieties. It??s a trademarked hybrid of rape initially bred in Canada. Rape Seed Oil was produced in the 19th century as a source of a lubricant for steam engines, and the oil has a bitter taste due to high levels of acids. Canola has been bred to reduce the amount of acid, yielding a palatable oil.