NoL314/26 OfficialJournaloftheEuropean Communities 8.12.77
COMMISSION REGULATION (EEC)No2700/77
of7December 1977
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/66/EEC
of22September 1966ontheestablishment ofa
common organization 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
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
2699/77(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 alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article 2
ThisRegulation shallenterintoforceon8December
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,7December 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)OJNoL161,1.7.1977,p.31.
(6)OJNoL143,10.6.1977,p.9. (8)Seepage24ofthisOfficialJournal .

8.12.77 OfficialJournaloftheEuropean Communities NoL314/27
ANNEX
Worldmarketpriceapplicable from8December 1977forcolzaandrapeseed(CCT
headingNoex12.01)
u.a/100ki>(')
Worldmarketprice 21-446
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofDecember 1977 21-446
—forthemonthofJanuary1978 21-446
—forthemonthofFebruary 1978 21-322
—forthemonthofMarch1978 21-206
—forthemonthofApril1978 20-340
—forthemonthofMay1978 20-340
(')Theconversion ratesfromunitsofaccountintonationalcurrency asforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
3-35507u.a.=DM !3-15665
u.a.=Fl 3-35507
u.a.=Bfr/Lfr 48-6572
u.a.=FF 6-76438
u.a.=Dkr 8-56656
u.a.=t 0-765134
u.a.=It 0-765134
u.a.=Lit 1229-10