NoL75/32 OfficialJournaloftheEuropeanCommunities 23.3.77
COMMISSION REGULATION (EEC)No593/77
of22March1977
determining theworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats(1),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),aslastamendedbyRegulation (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),aslastamended byRegulation (EEC)Nc
592/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculatec
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained ir
relationtoeachother,atanygivenmoment
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,ir
relationtotheCommunity currencies referredtc
intheprevioussubparagraph ;
Whereas ,applying alltheseprovisions ,thework
marketpriceforcolzaandrapeseedshouldbefixec
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)ol
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article 2
ThisRegulation shallenterintoforceon23March
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,22March1977.
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.
(4)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
6OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(8)Seepage30ofthisOfficialJournal .

23.3.77 OfficialJournaloftheEuropeanCommunities NoL75/33
ANNEX
Worldmarketpriceapplicable from23March1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.a./100k<'(')
Worldmarketprice 25-629
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofMarch1977 25-629
—forthemonthofApril1977 25-629
—forthemonthofMay1977 25-629
—forthemonthofJune1977 25-554
—forthemonthofJuly1977 25-554
—forthemonthofAugust1977 25-554
(l)Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.—DM 3-1566.5
Iu.a.—Fl 3-35507
Iu.a.—Bfr/Lfr48-6572
Iu.a.—FF 6-63174
Iu.a.=Dkr 7-89407
Iu.a.—£ 0-775723
1u.a.■=I£ 0-775723
1u.a.—Lit I180-71