1.3.89 OfficialJournaloftheEuropeanCommunities NoL58/39
COMMISSION REGULATION (EEC)No521/89
of28February1989
fixingtheaidforsoyabeans
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1491/85
of23May1985layingdownspecialmeasuresinrespect
ofsoyabeans('),aslastamendedbyRegulation(EEC)No
2217/88(2),andinparticularArticle2(7)thereof,
HavingregardtoCouncilRegulation2286/88of19July
1988providingforthegrantingofspecialaidforsoya
beansproducedandprocessedinPortugal(3),
HavingregardtotheopinionoftheMonetaryCommittee,
Whereas,pursuanttoArticle2(1)ofRegulation(EEC)No
1491/85,aidistobegrantedforsoyabeansharvested
withintheCommunitywheretheguidepricefora
marketingyearexceedstheworldprice;whereasthesaid
aidistobeequaltothedifferencebetweenthosetwo
prices;
Whereastheguidepriceforsoyabeansforthe1988/1989
marketingyearwasfixedbyCouncilRegulation(EEC)
No2219/88(4);whereaspursuanttoArticles95(2)and
293(2)oftheActofAccessionofSpainandPortugalaid
forsoyabeansharvestedinthesetwoMemberStatesisto
beintroducedinaccordancewiththeprovisionsofpara­
graphs2and3ofthesaidArticlesfromthebeginningof
the1986/87marketingyear;
Whereas,pursuanttoArticleIofRegulation(EEC)No
2286/88,soyabeansproducedandprocessedinPortugal
shallbeeligibleforspecialaidequaltothedifference
betweentheguidepriceforsuchbeansinPortugaland
thepriceofimportedsoyabeans.
Whereas,pursuanttoCouncilRegulation(EEC)No
2194/85of25July1985adoptinggeneralrulesconcer­
ningspecialmeasuresforsoyabeansJ5),aslastamended
byRegulation(EEC)No3555/88(%theworldpricefor
soyabeansistobedeterminedonthebasisofthemost
favourableactualpurchasingpossibility,withtheexcep­
tionofoffersandpriceswhichmaynotbeconsideredas
representative oftheactualmarkettrend;whereasacccountistobetakenofoffersmadeontheworld
marketaswellasthepricesquotedonexchangeswhich
areimportantintermsofinternationaltrade;
Whereas,pursuanttoCommissionRegulation(EEC)No
2329/85of12August1985layingdowndetailedrulesfor
theapplicationofthespecialmeasuresforsoyabeansQ,
aslastamendedbyRegulation(EEC)No2674/88(8),the
worldmarketpriceistobefixedper100kilogramsand
calculatedonthebasisofthemostfavourableoffersand
quotationsfordeliverywithin30daysfollowingthedate
whenthesaidoffersandquotationswererecorded;
Whereas,wheretheoffersandquotationsdonotcomply
withthesaidconditions,thenecessaryadjustmentsmust
becarriedout,particularlythosereferredtoinArticle2of
Regulation(EEC)No2329/85;
Whereastheabatementofthesubsidyforsoyabeans
whicharisesfromthesystemofmaximumguaranteed
quantitiesforthe1988/89marketingyearhasbeenfixed
byCommissionRegulation(EEC)No3404/88(s);
Whereas,ifthesaidsystemistooperatenormally,aid
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(10),aslastamendedbyRegu­
lation(EEC)No1636/87(");
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereastheaidshallbefixedasoftenasthemarketsitu­
ationsorequiresandsothatitcanbeappliedatleast
twiceamonth,oneofwhichtimesshallbefromthefirst
dayofeachmonth;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
subsidyonsoyabeansshouldbeassetoutinthisRegula­
tion,
(')OJNoL151,10.6.1985,p.15.
(2)OJNoL197,26.7.1988,p.11.
MOJNoL201,27.7.1988,p.2.
(<)OJNoL197,26.7.1988,p.14.
MOJNoL204,2.8.1985,p.1.
(')OJNoL311,17.11.1988,p.7.0OJNoL218,15.8.1985,p.16.
(8)OJNoL239,30.8.1988,p.19.0OJNoL299,1.11.1988,p.58.HOJNoL164,24.6.1985,p.1.
(")OJNoL153,13.6.1987,p.1.

NoL58/40 OfficialJournaloftheEuropeanCommunities 1.-3.89
HASADOPTED THISREGULATION :
Article1
TheamountoftheaidprovidedforinRegulation(EEC)
No1491/85andtheamountofthespecialaidprovidedforinArticle1ofRegulation(EEC)No2286/88inthe
caseofPortugalshallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1March1989.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1989.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
Aidforsoyabeans
(ECU/100kg)
Seedharvestedin
Spain PortugalanotherMember
State
0,000
15,127
15,12725,437
25,4370
25,43725,437
25,437
25,437Seedprocessedin:
—Spain
—Portugal
—anotherMemberState
i
(*)Specialaid