NoL370/40 OfficialJournaloftheEuropeanCommunities 30.12.78
COMMISSION REGULATION (EEC)No3121/78
of29December 1978
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/66/EEC
of22September 1966ontheestablishment ofa
commonorganization ofthemarketsinoilsand
fats(!),aslastamended byRegulation (EEC)No
1562/78(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No852/78(<),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamendedbyRegulation (EEC)No
1234/77(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No3048/78
of22December 1978fixingtheamountofthesubsidyonoilseeds(7),asamended byRegulation
(EEC)No3120/78(8);
Whereas ,toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachotheratanygivenmomentwithin
abandof2.25%,arateofexchangebasedon
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 shallenterintoforceon1January
1979.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,29December 1978.
FortheCommission
FinnGUNDELACH
Vice-President
1)OJNo172,30.9.1966,p.3025/66.
2)OJNoL185,7.7.1978,p.1.
>)OJNoL167,25.7.1972,p.9.
«)OJNoL116,28.4.1978,p.6.
5)OJNoL236,24.8.1973,p.28.
')OJNoL143,10.6.1977,p.9.(7)OJNoL361,23.12.1978,p.18.
(8)Seepage38ofthisOfficialJournal .

NoL370/41 30.12.78 OfficialJournaloftheEuropeanCommunities
ANNEX
Worldmarketpriceapplicable from1January1979forcolzaandrapeseed(CCTheading
Noex12.01)
Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofJanuary1979
—forthemonthofFebruary1979
—forthemonthofMarch1979
—forthemonthofApril1979
—forthemonthofMay1979
—forthemonthofJune1979u.a./100kg(')
17.853
17.853
17-853
17-853
16.940
16.940
16.940
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.-DM 3.03524
1u.a.=F1 3.28928
1u.a.-Bfr/Lfr47.7031
1u.a.-FF 6.97496
1u.a.—Dki 8.56656
1u.a.-£ 0.814604
1u.a.-I£ 0.814604
1u.a.-Lit 1375.42