11.2.77 OfficialJournaloftheEuropeanCommunities NoL40/21
COMMISSION REGULATION (EEC)No290/77
of10February 1977
determining theworldmarketpriceforcolzaandrapeseed
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
measures forcolzaandrapeseed(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
632/75(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)No
289/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachother,atanygivenmoment ,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,in
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas ,applying alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon11February
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States .
DoneatBrussels ,10February 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. (7)OJNoL192,16.7.1976,p.17.
(6)O)NoL66,13.3.1975,p.11. (8)Seepage19of'thisOfficialJournal .

NoL40/22 OfficialJournaloftheEuropeanCommunities 11.2.77
ANNEX
Worldmarketpriceapplicable from11February 1977forcolzaandrapeseed(CCT
headingNoex12.01)
u.a./100ki■(')
Worldmarketprice ^ 23-758
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofFebruary1977 23-758
—forthemonthofMarch1977 23-758
—forthemonthofApril1977 23-378
—forthemonthofMay1977 23-378
—forthemonthofJune1977 23*530
—forthemonthofJuly1977 23-530
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.=DM M5665
1u.a.=Fl 3-35507
Iu.a.=Bfr/Lfr 48-6572
1u.a.=FF 6-549X2
1u.a.=Dkr 7-89407
Iu.a.=£ 0-769450
!u.a.=I£ 0-769450
1u.a.=Lit 1168-98