NoL6/12 OfficialJournaloftheEuropean Communities 8.1.77
COMMISSION REGULATION (EEC)No31/77
of7January 1977
determining theworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
1707/73(^),
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),aslastamended byRegulation (EEC)No
632/75(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereas theworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonoilseeds(7),aslastamended byRegulation (EEC)No
15/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachother,atanygivenmoment ,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchange ratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,in
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 shallenterintoforceon10January
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,7January1977.
FurtheCommission
FinnGUNDELACH
Vice-President
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.197.3,p.5.
(3)OJNoL167,25.7.1972,p.9.
(•>)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(")OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(8)OJNoL4,6.1.1977,p.11.

8.1.77 OfficialJournaloftheEuropeanCommunities NoL6/13
ANNEX
Worldmarketpriceapplicable from10January1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.a!J100kv(')
worldmarketprice 20-244
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofJanuary1977 20-244
—forthemonthofFebruary 1977 20-244
—forthemonthofMarch1977 20-244
—forthemonthofApril1977 20-244
—forthemonthofMay1977 20-244
—forthemonthofJune1977 20-244
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
Iu.a.=DM .M<166.5
1u.a.=Fl 335507
1u.a.=Bfr/Lfr 48-6572
1u.,i.=FF 6.6985
Iu.a.=Dkr 7-89407
1u.a.=i' 0-797200
Iu.a.-Ii' 0-797200
Iu.a.-Lit 1I88-.?I