Monitoring trend of oil price in international market in February

Introduction: according to the monitoring of the information center of the Ministry of agriculture, in February 2005, the price of vegetable oil in the food varieties in the international market fell, the price of soybean oil and rapeseed oil continued to fall this month, and the price of palm oil increased slightly (calculated at the exchange rate of RMB 828.89:100, GBP 1567.18:100, and euro 1081.29:100): Soybean oil and rapeseed oil prices continued to decline, while palm oil prices rose slightly In February 2005, the price of soybean oil in the international market was 4096 yuan per ton (FOB ex works in the Netherlands), down 5.0% compared with the previous month and 28.4% compared with the same period last year Since 2004, the price of soybean oil in the international market has declined from the high fluctuation and this month is the third consecutive month The price of rapeseed oil was 5321 yuan per ton (FOB ex works in the Netherlands), down 5.5% compared with the previous month and 7.0% compared with the same period last year The price of rapeseed oil in the international market fell for the second consecutive month; the price of palm oil per ton was 3338 yuan (CIF European market), up 0.2% from last month, down 24.7% from the same period last year Since 2004, the price of palm oil in the international market has been high and low, with a significant downward trend, but the overall price level is still high