NoL106/18 OfficialJournaloftheEuropeanCommunities 23.4.76
COMMISSION REGULATION (EEC)No925/76
of22April1976
fixingtheamountofthesubsidyonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,miningworldmarketpricesforoilseedsandfixedthe
frontiercrossingpointatRotterdam ;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation ,No136/
66/EECof22September1966ontheestablishment
ofacommonorganizationofthemarketinoilsand
fats(1),aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle27(4)thereof,WhereasArticle1ofthatRegulationprovidesthat
whentheworldmarketpriceisbeingdetermined
accountshouldbetakenofalloffersontheworld
marketknowntotheCommissionandofquotations
onthoseexchangeswhicharesignificantforinterna­
tionaltrade;whereasArticle2ofCommissionRegula­
tionNo225/67/EECof28June1967ondetailed
rulesfordeterminingtheworldmarketpriceforoil
seeds(6),aslastamendedbyRegulation (EEC)No
335/76(7),providesthatoffersandquotationswhich
donotrelatetoshipmentstobeeffectedwithin30
daysfollowingthedateonwhichtheworldmarket
priceisdeterminedshouldbedisregarded ;whereas
offersandquotationswhichtheCommissionbelieves,
inviewofgeneralpricemovementsorinformation
availabletoit,nottoberepresentative ofthereal
trendofthemarketmustalsobedisregarded ;whereas
offersandquotationsrelatingtoquantitiesoflessthan
500metrictonsandoffersrelatingtoseedofaquality
otherthanthatnormallyacceptableontheworld
marketmustalsobedisregarded ;HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle27ofRegulationNo136/66/EEC
providesthatasubsidyshouldbegrantedinrespectof
oilseedsharvestedandprocessedwithintheCommu­
nitywhenthetargetpriceforaspeciesofseedis
higherthanthepriceontheworldmarket;whereas
theseprovisionsapplyonlyinrespectofcolza,rape
andsunflowerseeds;
Whereasthesubsidyonoilseedsshould,theoretically ,
beequaltothedifferencebetweenthosetwoprices;
Whereasthetargetpriceforeachspeciesofseedwas
fixedbyCouncilRegulation(EEC)No657/75of4
March1975fixingtargetandbasicinterventionprices
foroilseedsforthe1975/76marketingyear(3),as
amendedbyRegulation(EEC)No2505/75(4);
WhereasArticle29ofRegulationNo136/66/EEC
providesthattheworldmarketprice,calculatedfora
Communityfrontiercrossingpoint,istobedeter­
minedonthebasisofthemostfavourablepurchasing
opportunities ,quotationsbeingadjustedwhereneces­
sarytotakeaccountofquotationsforcompeting
products;WhereasArticle3ofRegulationNo225/67/EEC
providesthatoftheoffersandquotationstakeninto
consideration ,thosefordeliverycandfshouldbe
increasedby0-2%;whereasoffersandquotationsfor
deliveryfas,foborotherwiseshouldbeincreased,as
appropriate ,byloading,transportandinsurancecosts
fromthepointofshipmentorloadingtothefrontier
crossingpoint;whereascifoffersandquotationsfor
frontiercrossingpointsotherthanRotterdamshould
beadjustedtoallowforthedifferenceintransport
costsascomparedwithaproductdeliveredcif
Rotterdam ;whereastheCommission shouldtake
accountonlyoftheloading,transportandinsurance
costswhichtoitsknowledgearethelowest;whereas,
finally,offersandquotationsfordeliverycif
Rotterdamshouldbeincreasedby0-20unitof
account;
WhereasArticle4ofCouncilRegulationNo115/
67/EECof6June1967(5)laiddowncriteriafordeter­WhereasArticle5ofRegulationNo115/67/EEC
providesthattheworldmarketpriceshouldbedeter­
minedforseedofthestandardqualityforwhichthe
targetpricehasbeenfixed,deliveredinbulk;(!)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL72,20.3.1975,p.3.
(«)OJNoL256,2.10.1975,p.1.
(5)OJNo111,10.6.1967,p.2196/67.(6)OJNo136,30.6.1967,p.2919/67.
(7)OJNoL42,18.2.1976,p.7.

23.4.76 OfficialJournaloftheEuropeanCommunities NoL106/19
WhereasArticle3ofRegulationNo225/67/EEC
providesthatoffersandquotationsrelatingto
productspresentedotherwisethaninbulkshouldbe
adjustedbydeductingtheadditionalvalueresulting
fromthatpresentation ;whereasoffersandquotations
relatingtoaqualityotherthanthestandardquality
forwhichthetargetpricewasfixedshouldbeadjusted
onthebasisofthecoefficientsofequivalenceshown
intheAnnextothatRegulation ;whereas,inthecase
ofoffersontheworldmarketforqualitiesofcolza
andrapeseedotherthanthoselistedinthatAnnex,
coefficientsofequivalencederivedfromthoselisted
inthatAnnexmay,pursuanttoArticle4ofRegula­
tionNo225/67/EEC,beapplied;whereas,when
derivedcoefficientsarebeingcalculated,accountmust
betakenofthedifferencesbetweenpricesforthequal­
itiesofseedinquestionandpricesforthequalities
listedinthatAnnex,andofthecharacteristics ofthese
variousseeds;
WhereasArticle2ofRegulationNo115/67/EEC
providesthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice,that
priceshouldbedeterminedonthebasisofthevalue
oftheaveragequantitiesofoilandoilcakeresulting
fromtheprocessingof100kgofseedwithinthe
Communitylessanamountcorresponding tothecost
ofprocessingtheseseedsintooilandoilcake;
whereasthequantitiesandcoststobetakeninto
consideration forthepurposesofthecalculationare
fixedinArticle5ofRegulationNo225/67/EEC;
whereasthevalueofthosequantitiesshouldbedeter­
minedinaccordancewiththeprovisionsofArticle6
ofthatRegulation ;—thedifferencebetweenthepriceof100kgof
colza,rapeorsunflowerseeds,plusprocessing
costs,andthetotalofthepricesofthequantities
ofoilandoilcakeresultingfromtheprocessingof
thetypeofseedinquestion,and
—thedifferencebetweenthepriceof100kgofone
ormoreotherseeds,plusprocessingcosts,andthe
totalofthepricesofthequantitiesofoilandoil
cakeresultingfromtheprocessingoftheseseeds;
Whereasthefactorstobetakenintoconsideration for
thepurposeofdeterminingthatmarginaredefinedin
Article8ofRegulationNo225/67/EEC;whereasno
adjustmentshouldbemadewherethemarginis
foundtobelessthan0-50unitofaccount;whereas
Article6(2)ofRegulationNo115/67/EECprovides
that,whentheamountoftheadjustmentisbeing
determined ,accountshouldbetakenoftheincidence
ofthemargininquestiononmarketingoperationsof
Communitytradersandonthedisposalofthevarious
typesofseedontheworldmarket;
WhereasCouncilRegulation (EEC)No2114/71of28
September1971onthesubsidyforoilseeds('),as
amendedbyRegulation (EEC)No2730/71(2),laid
downrulesforgrantingthesubsidyonoilseeds;
whereasunderthatRegulation,wherethesubsidyto
begrantedisfixedinadvance,theamountofsuch
subsidymustbeequaltotheamountapplicableon
thedayonwhichtheapplicationforadvancefixing
waslodged,adjustedbythedifferencebetweenthe
targetpricevalidonthatdayandthetargetpricevalid
onthedayonwhichtheseedsareplacedunder
controlatanoilmilland,whereappropriate ,acorrec­
tiveamount;whereasArticle36ofCommissionRegu­
lation(EEC)No1204/72of7June1972layingdown
detailedrulesfortheapplicationofthesubsidysystem
foroilseeds(3),aslastamendedbyRegulation (EEC)
No676/76(4),providesthatsuchadjustmentshould
involveincreasingorreducingtheamountcfsubsidy
applicableonthedayonwhichtheapplicationwas
lodgedbythedifferencebetweenthetargetpricevalid
duringthemonthduringwhichtheseedswereplaced
undercontrolatanoilmillandthetargetpricevalid
onthedayonwhichtheapplicationwaslodged;
WhereasArticle38ofRegulation (EEC)No1204/72
providesthatthecorrectiveamountmustbeequalto
thedifferencebetweentheworldmarketpricefor
colza,rapeandsunflowerseedsandtheforwardprice
forthoseseedsvalidforashipmenteffectedduring
themonthinwhichtheseedswereplacedunder
controlatanoilmill,thosepricesbeingdetermined
inaccordancewithArticles1,4and5ofRegulationWhereasArticle3ofRegulationNo115/67/EEC
providesthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketpriceand
whereitis,moreover,impossibletoestablishthevalue
oftheoiloroilcakeprocessedfromsuchseed,the
worldmarketpriceshouldbedeterminedonthebasis
ofthemostrecentknownvalueforoiloroilcake,
adjustedtotakeaccountofthetrendofworldprices
forcompetingproductsbyapplyingtothatvaluethe
rulessetoutinArticle2ofRegulationNo115/
67/EEC;whereasArticle7ofRegulationNo225/
67/EECdefinescompetingproductsasthoseoilsor
oilcakes,asthecasemaybe,whichappeartohave
beenofferedinthelargestquantitiesontheworld
marketduringtheperiodunderconsideration ;
(')OJNoL222,2.10.1971,p.2.WhereasArticle6(1)ofRegulationNo115/67/EEC
providesthat,whentheworldmarketpriceofatype
ofseedisbeingdetermined ,thepriceusedshouldbe
adjustedbyanamountnotexceedingthemargin
between :(2)OJNoL282,23.12.1971,p.18.
(3)OJNoL133,10.6.1972,p.1.
(4)OJNoL81,27.3.1976,p.22.

NoL106/20 OfficialJournaloftheEuropeanCommunities 23.4.76
Whereasthetargetpriceandthemonthlyincreasesin
thetargetpriceforoilseedsforthe1976/77
marketingyearwerefixedbyRegulations (EEC)No
812/76(1),and(EEC)No833/76(2);
Whereasitfollowsfromapplyingalltheseprovisions
totheoffersandquotationsknowntotheCommis­
sionthatthesubsidyoncolza,rapeandsunflower
seedsshouldbefixedasshowninthetableannexed
tothisRegulation,115/67/EEC;whereas,ifnoofferandnopricecanbe
usedforsuchdetermination ,themethodofcalcula­
tionprovidedforinArticle38ofRegulation(EEC)
No1204/72shouldbeused;whereastheabovemen­
tioneddifferencemaybeadjustedpursuanttoArticle
39ofRegulation(EEC)No1204/72,accountbeing
takenofpricesforsoyaseedsontheworldmarket;
Whereasthesubsidyshouldbefixedwheneverthe
marketsituationmakesitnecessaryandinsuchaway
astoensureitsbeingappliedatleastonceaweek;
whereasthesubsidymaybealteredwheneverit
becomesobviousthatsuchalterationisnecessary;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;HASADOPTEDTHISREGULATION :
Article1
TheamountofthesubsidyreferredtoinArticle27of
RegulationNo136/66/EECisherebyfixedasshown
inthetableannexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon23April
1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,22April1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(<)OJNoL94,9.4.1976,p.2.
(2)OJNoL100,14.4.1976,p.12.

23.4.76 OfficialJournaloftheEuropeanCommunities NoL106/21
ANNEX
totheCommissionRegulationof22April1976fixingtheamountofthesubsidyonoil
seeds
Subsidyapplicablefrom23April1976tocolzaandrapeseeds(CCTheadingNoex12.01)and
sunflowerseeds(CCTheadingNoex12.01)(u.a./100kg)
ColzaandrapeseedSunflowerseed
Subsidy 9.980 5.330
Subsidyinthecaseofadvancefixing:
—forthemonthofApril1976 9.980 5.330
—forthemonthofMay1976 9.980 5.330
—forthemonthofJune1976 9.820 5.490
—forthemonthofJuly1976 9.681 5.490
—forthemonthofAugust1976 9.521 —
—forthemonthofSeptember1976 9.825 —