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1 Substitute coconut oil on a 1-1 ratio for oil or butter. Melt the oil and cool it to just above room temperature before measuring it.  Use a ratio of 3/4 to 1 when substituting coconut oil for shortening. Use the oil in its solid state or melt it first.
A versatile alternative for conventional vegetable oil in both cooking and baking, coconut oil substitutes for other oils with just a few modifications. The oil has both pros and cons for you to consider as you substitute it for canola, corn, olive or sunflower oils.