1.10.81 OfficialJournaloftheEuropeanCommunities NoL277/59
COMMISSION REGULATION (EEC)No2847/81
of30September1981
fixingtheaidforcastorseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2874/77of19December1977layingdownspecial
measuresinrespectofcastorseeds('),andinparticular
Article2(5)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle2(1)ofRegulation(EEC)No2874/77
specifiesthataidshallbegrantedinrespectofcastor
seedswhentheguidepriceforamarketingyearis
higherthantheworldmarketprice;whereasthisaid
istobeequaltothedifferencebetweenthesetwo
prices;
WhereastheguidepricehasbeenfixedbyCouncil
Regulation(EEC)No2033/81of13July1981fixing
theguidepriceforcastorseedforthe1981/82
marketingyear(2);
Whereastheworldmarketpriceisdeterminedforseed
inbulkdeliveredtoRotterdamofthestandardquality
forwhichtheguidepricewasfixed;
WhereasCouncilRegulation(EEC)No1853/78of25
July1978adoptinggeneralrulesinconnectionwith
specialmeasuresforcastorseeds(3)providesthatthe
worldmarketpriceshallbedeterminedonthebasisof
theactualmostfavourablepurchasingpossibilities
disregardingoffersandpriceswhichcannotbeconsi­
deredasrepresentative oftheactualmarkettrend;
Whereasindeterminingtheworldmarketprice
accountistobetakenonlyoftheoffersmadeonthe
worldmarketfordeliveryduringthemostrepresenta­
tiveperiodforthesaleofseedofCommunityorigin
andofthepricesquotedfordeliveryduringthesame
periodonthemajorinternationalexchanges ;whereas
themostrepresentativeperiodforthesaleofseedof
CommunityoriginhasbeenfixedbyCommissionRegulation (EEC)No2081/79of26September1979
layingdowndetailedrulesfortheapplicationofthe
specialmeasuresforcastorseeds(4);
Whereasoffersandpriceswhichdonotsatisfythese
conditionsmustbeadjustedinaccordancewithArticle
2ofCommissionRegulation(EEC)No2081/79;
WhereasArticle2ofRegulation(EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceofcastorseedit
shallbedeterminedonthebasisoftheoffersand
pricesontheworldorCommunitymarketsforcastor
oilandoil-cake;whereasforthispurposethevalueof
theaveragequantitiesofoilandoil-cakeobtainedin
theCommunityfromprocessing100kilogramsof
castorseedlesstheamountofthecostofprocessing
theseedintooilandoil-cakeshallbeused;
WhereasArticle3ofRegulation(EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceforcastorseedand,
further,itisimpossibletoestablishthevalueofthe
oil-cakeoroilprocessedfromsuchseed,theworlds
marketpriceshallbeequaltotheguidepricefor
castorseed;
Whereas,iftheaidsystemistooperatenormally,it
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixing;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
Committee forOilsandFats.
(■)OJNoL332,24.12.1977,p.1.
I1)OJNoL200,21.7.1981,p.9.
(3OJNoL212,2.8.1978,p.1. 4)OJNoL244,27.9.1979,p.11.

NoL277/60 OfficialJournaloftheEuropeanCommunities 1.10.81
HASADOPTEDTHISREGULATION : Article2
Article1
TheaidreferredtoinArticle2ofRegulation (EEC)ThisRegulationshallenterintoforceon1October
No2874/77shallbe20-839ECUper100kilograms.1981.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission