NoL299/20 OfficialJournaloftheEuropeanCommunities 26.10.78
COMMISSION REGULATION (EEC)No2488/78
of25October1978
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketsinoilsand
fats('),aslastamendedbyRegulation(EEC)No
1419/78(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation(EEC)No852/78(4),
HavingregardtoCommissionRegulation(EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferentialamountsforcolzaand
rapeseedandrepealingRegulation (EEC)No
1464/73(5),aslastamendedbyRegulation(EEC)No
1234/77(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,pursuanttoArticle9(4)ofRegulation(EEC)
No2300/73,theCommission mustdeterminethe
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordancewiththerulesandthecriteria
setoutinCommissionRegulation (EEC)No1922/78
of9August1978fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)No
2487/78(8);
Whereas,toenablethepricesystemtooperate
normally,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereas,applyingalltheseprovisions,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation(EEC)No2300/73andtheratestobeused
forconvertingthemintonationalcurrenciesshallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon26October
1978.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,25October1978.
FortheCommission
FinnGUNDELACH
Vice-President
(»)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL171,28.6.1978,p.8.
Q)OJNoL167,25.7.1972,p.9.
(4)OJNoL116,28.4.1978,p.6.
(5)OJNoL236,24.8.1973,p.28.
(<)OJNoL143,10.6.1977,p.9.(7)OJNoL219,10.8.1978,p.15.
(8)Seepage18ofthisOfficialJournal.

26.10.78 OfficialJournaloftheEuropeanCommunities NoL299/21
ANNEX
Worldmarketpriceapplicablefrom26October1978forcolzaandrapeseed(CCT
headingNoex12.01)
u.a./100kg(>)
17.661
17.661
17.661
17.661
17.661
17.231
17.231Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance:
—forthemonthofOctober1978
—forthemonthofNovember1978
—forthemonthofDecember1978
—forthemonthofJanuary1979
—forthemonthofFebruary1979
—forthemonthofMarch1979
(')TheconversionratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation(EEC)No2300/73
arethefollowing:
1u.a.-DM 3.03524
1UJ.-Fl 3.28928
1u*.-Bfr/Lfr47.7031
1u.a.-FF 6.97496
1u.a.-Dkr 8.56656
1u.a.-£ 0.824953
1u.a.-I£0.824953
1UA-Lit 1339.71