9.12.76 OfficialJournaloftheEuropeanCommunities NoL340/17
COMMISSION REGULATION (EEC)No2982/76
of8December 1976
determiningtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/
66/EECof22September1966ontheestablishment
ofacommonorganizationofthemarketsinoilsand
fats(*),aslastamendedbyRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation(EEC)No3477/73(4),
HavingregardtoCommissionRegulation(EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferentialamountsforcolzaand
rapeseedandrepealingRegulation (EEC)No
1464/73(5),aslastamendedbyRegulation (EEC)No
632/75(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,pursuanttoArticle9(4)ofRegulation(EEC)
No2300/73,theCommission mustdeterminethe
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordancewiththerulesandthecriteria
setoutinCommissionRegulation(EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation(EEC)No
2981/76(»);
Whereastoenablethepricesystemtooperate,
normally,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereas,applyingalltheseprovisions,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation,
HASADOPTEDTHISREGULATION :
Article1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation(EEC)No2300/73andtheratestobeused
forconvertingthemintonationalcurrenciesshallbe
asshowninthetableannexedtothisRegulation.
Article2
ThisRegulationshallenterintoforceon9December
1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,8December1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(»)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.
(6)OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(8)Seepage15ofthisOfficialJournal.

NoL340/18 OfficialJournaloftheEuropeanCommunities 9.12.76
ANNEX
Worldmarketpriceapplicablefrom9December1976forcolzaandrapeseed(CCT
headingNoex12.01)
u.aJ100kg(')
Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance:
—forthemonthofDecember1976
—forthemonthofJanuary1977
—forthemonthofFebruary1977
—forthemonthofMarch1977
—forthemonthofApril1977
—forthemonthofMay197720.634
20.634
20.634
20.634
20.634
20.314
20.314
(')TheconversionratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation(EEC)No2300/73
arethefollowing:
1u.a.-DM 315665
1u.a.-F1 3-35507
1u.a.-Bfr/Lfr48-6572
1u.a.-FF 6-64077
1u.a.-Dkr 7-89407
1u.a.-£0.797200
1u.a.-I£ 0-797200
1u.a.—Lit 1150-51