1.11.78 OfficialJournaloftheEuropeanCommunities NoL307/55
COMMISSION REGULATION (EEC)No2565/78
of31October1978
fixingtheaidforcastorseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2874/77of19December1977layingdownspecial
measuresinrespectofcastorseeds(*),andinparti­
cular'Article2(5)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle2(1)ofRegulation(EEC)No2874/77
specifiesthataidshallbegrantedinrespectofcastor
seedswhentheguidepriceforamarketingyearis
higherthantheworldmarketprice;whereasthisaid
istobeequaltothedifferencebetweenthesetwo
prices;
WhereastheguidepricehasbeenfixedbyCouncil
Regulation(EEC)No1296/78of6June1978fixing
theguidepriceforcastorseedforthe1978/79
marketingyear(2);
Whereastheworldmarketpriceisdeterminedfor
seedinbulkdeliveredtoRotterdamofthestandard
qualityforwhichtheguidepricewasfixed;
WhereasCouncilRegulation(EEC)No1853/78of25
July1978adoptinggeneralrulesinconnectionwith
specialmeasuresforcastorseeds(3)providesthatthe
worldmarket"priceshallbedeterminedonthebasis
oftheactualmostfavourablepurchasingpossibilities
disregardingoffersandpriceswhichcannotbeconsid­
eredasrepresentative oftheactualmarkettrend;
Whereasindeterminingtheworldmarketprice
accountistobetakenonlyoftheoffersmadeonthe
worldmarketfordeliveryduringthemostrepresenta­
tiveperiodforthesaleofseedofCommunityorigin
andofthepricesquotedfordeliveryduringthesame
periodonthemajorinternationalexchanges;whereas
themostrepresentative periodforthesaleofseedof
CommunityoriginhasbeenfixedbyCommission
Regulation (EEC)No2308/78of2October1978
determiningforthemarketingyear1978/79themost
representative periodforthesaleofCommunitycastor
seeds(4);Whereasoffersandpriceswhichdonotsatisfythese
conditionsmustbeadjustedinaccordancewith
Article2ofCommission Regulation (EEC)No
2290/78of28September1978layingdowndetailed
rulesfortheapplicationofthespecialmeasuresfor
castorseeds(5);
WhereasArticle2ofRegulation (EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceofcastorseedit
shallbedetermined onthebasisoftheoffersand
pricesontheworldorCommunitymarketsforcastor
oilandoil-cake;whereasforthispurposethevalueof
theaveragequantitiesofoilandoil-cakeobtainedin
theCommunityfromprocessing100kgofcastorseed
lesstheamountofthecostofprocessingtheseedinto
oilandoil-cakeshallbeused;
WhereasArticle3ofRegulation(EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceforcastorseedand,
further,itisimpossibletoestablishthevalueofthe
oil-cakeoroilprocessedfromsuchseed,theworld
marketpriceshallbeequaltotheguidepricefor
castorseed;
Whereasinordertopermittheaidsystemtofunction
smoothlythefollowingconversionratesshouldbe
used:
—forcurrenciestheexchangeratesforwhichare
keptatanygivenmomentwithinamaximum
spreadof2-25%,aconversionratecalculated
fromtheiractualparity,
—fortheothercurrenciesaconversionratecalcu­
latedfromthearithmeticalmeanofthespot
marketratesofeachofthesecurrencies,recorded
overagivenperiod,againsttheCommunity
currenciesindicatedintheprecedingindent;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixing;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,(>)OJNoL332,24.12.1977,p.1.
(2)OJNoL160,17.6.1978,p.7.
(>)OJNoL212,2.8.1978,p.1.
(4)OJNoL278,3.10.1978,p.24. (5)OJNoL275,30.9.1978,p.83.

NoL307/56 OfficialJournaloftheEuropeanCommunities 1.11.78
HASADOPTED THISREGULATION :
Article1
TheaidreferredtoinArticle2ofRegulation (EEC)
No2874/77shallbe20.753unitsofaccountper100
kilograms.Article2
ThisRegulationshallenterintoforceon1November
1978.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31October1978.
FortheCommission
FinnGUNDELACH
Vice-President