24.2.78 OfficialJournaloftheEuropeanCommunities NoL53/11
COMMISSION REGULATION (EEC)No375/78
of23February 1978
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats(*),aslastamended byRegulation (EEC)No
2560/77(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
by.Regulation (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),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No190/78
of31January1978fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)
No374/78(»);
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 shallenterintoforceon24February
1978.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,23February 1978.
FortheCommission •
FinnGUNDELACH
Vice-President
(!)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL303,28.11.1977,p.1.
(3)OJNoL167,25.7.1972,p.9.
(4)OJNoL357,28.12.1973,p.6.
(s)OJNoL236,24.8.1973,p.28.
(6)OJNoL143,10.6.1977,p.9.(7)OJNoL27,1.2.1978,p.24.
(8)Seepage9ofthisOfficialJournal .

NoL53/12 OfficialJournaloftheEuropean Communities 24.2.78
ANNEX
Worldmarketpriceapplicable from24February 1978forcolzaandrapeseed(CCT
headingNoex12.01)
u.a./100kg(l)
Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofFebruary 1978
—forthemonthofMarch1978
—forthemonthofApril1978
—forthemonthofMay1978
—forthemonthofJune1978
—forthemonthofJuly197819.164
19.164
19.091
19.351
19.351
19.351
19.351
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.=DM 315665
1u.a.-F1 3.35507
1u.a.=Bfr/Lfr48.6572
1u.a.=FF 7.29012
1u.a.—Dkr 8.56656
1u.a.-£ 0.772929
1u.a.=I£ 0.772929
1u.a.-Lit 1292.81