NoL305/84 OfficialJournaloftheEuropeanCommunities 1.12.79
COMMISSION REGULATION (EEC)No2707/79
of30November 1979
fixingtheaidforcastorseeds
Whereasoffersandpriceswhichdonotsatisfythese
conditionsmustbeadjustedinaccordancewith
Article2ofCommissionRegulation (EEC)No
2081/79;
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,theworld
marketpriceshallbeequaltotheguidepricefor
castorseed;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2874/77of19December1977layingdownspecial
measuresinrespectofcastorseeds(*),andinparti­
cularArticle2(5)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle2(1)ofRegulation(EEC)No2874/77
specifiesthataidshallbegrantedinrespectofcastor
seedswhentheguidepriceforamarketingyearis
higherthantheworldmarketprice;whereasthisaid
istobeequaltothedifferencebetweenthesetwo
prices;
WhereastheguidepricehasbeenfixedbyCouncil
Regulation(EEC)No1608/79of24July1979fixing
theguidepriceforcastorseedforthe1979/80
marketingyear(2);
Whereastheworldmarketpriceisdeterminedfor
seedinbulkdeliveredtoRotterdamofthestandard
qualityforwhichtheguidepricewasfixed;
WhereasCouncilRegulation(EEC)No1853/78of25
July1978adoptinggeneralrulesinconnectionwith
specialmeasuresforcastorseeds(3)providesthatthe
worldmarketpriceshallbedeterminedonthebasis
oftheactualmostfavourablepurchasingpossibilities
disregardingoffersandpriceswhichcannotbeconsid­
eredasrepresentative oftheactualmarkettrend;
Whereasindeterminingtheworldmarketprice
accountistobetakenonlyoftheoffersmadeonthe
worldmarketfordeliveryduringthemostrepresenta­
tiveperiodforthesaleofseedofCommunityorigin
andofthepricesquotedfordeliveryduringthesame
periodonthemajorinternationalexchanges;whereas
themostrepresentativeperiodforthesaleofseedof
CommunityoriginhasbeenfixedbyCommission
Regulation(EEC)No2081/79of26September1979
layingdowndetailedrulesfortheapplicationofthe
specialmeasuresforcastorseeds(4);Whereas,iftheaidsystemistooperatenormally,it
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixing;
(»)OJNoL332,24.12.1977,p.1.
(2)OJNoL190,28.7.1979,p.1.WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,(3)OJNoL212,2.8.1978,p.1.
(<)OJNoL244,27.9.1979,p.11.

1.12.79 OfficialJournaloftheEuropeanCommunities NoL305/85
HASADOPTEDTHISREGULATION :
Article1
TheaidreferredtoinArticle2ofRegulation(EEC)
No2874/77shallbe14.917ECUper100kilograms.Article2
ThisRegulationshallenterintoforceon1December
1979.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30November1979.
FortheCommission
FinnGUNDELACH
Vice-President