17.9.77 OfficialJournaloftheEuropeanCommunities NoL239/21
COMMISSION REGULATION (EEC)No2060/77
of16September 1977
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No3477/73(4),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamended byRegulation (EEC)No
1234/77(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1443/77
of30June1977fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)No
2059/77(8);
Whereas ,toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchange basedon
theireffectiveparity;
—forothercurrencies ,anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiodin
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas ,applying allthese.provisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon19
September 1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States .
DoneatBrussels ,16September 1977.
FortheCommission
FinnGUNDELACH
Vice-President
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL167,25.7.1972,p.9.
(■»)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(b)OJNoL143,10.6.1977,p.9.(7)OJNoL161,1.7.1977,p.31.
(8)Seepage19ofthisOfficialJournal .

NoL239/22 OfficialJournaloftheEuropean Communities 17.9.77
ANNEX
Worldmarketpriceapplicable from19September 1977forcolzaandrapeseed(CCT
headingNoex12.01)
u.a./100kg(1)
Worldmarketprice 17-677
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofSeptember 1977 17-677
—forthemonthofOctober 1977 19-720
—forthemonthofNovember 1977 19-720
—forthemonthofDecember 1977 19-720
—forthemonthofJanuary1978 19-499
—forthemonthofFebruary 1978 19-499
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/7.5
arethefollowing :
Iu.a.=DM 3-1566S
Iu.a.=Fl 3-35507
Iu.a.=Bfr/Lfr48-6S72
Iu.a.=FF 6-70205
Iu.a.=Dkr S-S6656
Iu.a.=1' 0-782289
Iu.a.=It 0-782289
Iu.a.=Lit I200-84