NoL228/8 OfficialJournaloftheEuropean Communities 19.8.78
COMMISSION REGULATION (EEC)No1987/78
of18August1978
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/66/EEC
of22September 1966ontheestablishment ofa
common organization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
1419/78(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No852/78(4),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamendedbyRegulation (EEC)No
1234/77(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1922/78
of9August1978fixingtheamountofthesubsidyonoilseeds(7),asamended byRegulation (EEC)No
1973/78(8);
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 .
Article2
ThisRegulation shallenterintoforceon21August
1978.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,18August1978.
FortheCommission
FinnGUNDELACH
Vice-President
(!)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL171,28.6.1978,p.8.
(3)OJNoL167,25.7.1972,p.9.
(«)OJNoL116,28.4.1978,p.6.
(5)OJNoL236,24.8.1973,p.28.
(6)OJNoL143,10.6.1977,p.9.(7)OJNoL219,10.8.1978,p.15.
(8)OJNoL226,17.8.1978,p.13.

19.8.78 OfficialJournaloftheEuropeanCommunities NoL228/9
ANNEX
Worldmarketpriceapplicable from21August1978forcolzaandrapeseed(CCTheading
Noex12.01)
Worldmarketprice
"Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofAugust1978
—forthemonthofSeptember 1978
—forthemonthofOctober 1978
—forthemonthofNovember 1978
—forthemonthofDecember 1978
—forthemonthofJanuary1979u.a./100kg(l)
17-988
17.988
17.988
17-145
16.432
16.432
16-626
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.—DM
1u.a.—Fl
1u.a.—Bfr/Lfr
1u.a.=FF
1u.a.=Dkr
1u.a.—£
1u.a.«■1£
1u.a.—Lit3-15665
3-35507
48.6572
6.81106
8.56656
0-806439
0-806439
1312.45