BUMP!!!
I had to bump this old thread 'cos I just found out some interesting facts about certain Coconut Oils...
KTC Coconut Oil (the one that is most common - you can even get it in Tesco!) is "RBD" type coconut oil. RBD stands for Refined, Bleached and Deodorised. I've avoided this type in the past, because I considered is as being "processed". But I just did a little research on it, and came across this interesting article:
http://veganheath.info/ktc-coconut-oil
So - it seems to me like the (very cheap) KTC Coconut Oil is PERFECT for cooking! I'll still use the (expensive...) Organic/virgin coconut oil where I want a hint of coconut taste (in my coffee, or in Thai Green Curries, for example) but I'm really glad that I can use the cheaper type for cooking with.