NoL281/34 OfficialJournaloftheEuropeanCommunities 30.9.89
COMMISSION REGULATION (EEC)No2935/89
of29September1989
fixingtheaidforsoyabeans
representative oftheactualmarkettrend;whereas
accountistobetakenofoffersmadeontheworldmarket
aswellasthepricesquotedonexchangeswhichare
importantintermsofinternationaltrade;whereas,under
thatRegulation,wherethesubsidytobegrantedisfixed
inadvance,theamountofsuchsubsidymustbeequalto
theamountapplicableonthedayonwhichtheapplica­
tionforadvancefixingwaslodged,adjustedbythediffe­
rencebetweenthetargetpricevalidonthatdayandthe
targetpricevalidontheidentificationday;whereassuch
adjustmentshouldinvolveincreasingorreducingthe
amountofsubsidyapplicableonthedayonwhichthe
applicationwaslodgedbythecorrectiveamountandthe
differencebetweenthetargetpricesmentionedinArticle
33ofCommissionRegulation(EEC)No2537/89of8
August1989layingdowndetailedrulesfortheapplica­
tionofthespecialmeasureforsoyabeansP);
whereas,pursuanttoRegulation(EEC)No2537/89,the
worldmarketpriceistobefixedper100kilogramsand
calculatedonthebasisofthemostfavourableoffersand
quotationsfordeliverywithin30daysfollowingthedate
whenthesaidoffersandquotationswererecorded;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1491/85
of23May1985layingdownspecialmeasuresinrespect
ofsoyabeans(l),aslastamendedbyRegulation(EEC)No
2217/88(2),andinparticularArticle2(7)thereof,
HavingregardtoCouncilRegulation(EEC)No2286/88
of19July1988providingforthegrantingofspecialaid
forsoyabeansproducedandprocessedinPortugal(3),
HavingregardtotheopinionoftheMonetaryCommittee,
Whereas,pursuanttoArticle2(1)ofRegulation(EEC)No
1491/85,aidistobegrantedforsoyabeansharvested
withintheCommunitywheretheguidepricefora
marketingyearexceedstheworldprice;whereasthesaid
aidistobeequaltothedifferencebetweenthosetwo
prices;
Whereastheguidepriceforsoyabeansforthe1989/90
marketingyearwasfixedbyCouncilRegulation(EEC)
No1232/89(4);whereas,pursuanttoArticles95(2)and
293(2)oftheActofAccessionofSpainandPortugal,aid
forsoyabeansharvestedinthesetwoMemberStatesisto
beintroducedinaccordancewiththeprovisionsofpara­
graphs2and3ofthesaidArticlesfromthebeginningof
the1986/87marketingyear;
Whereas,pursuanttoArticleofRegulation(EEC)No
2286/88,soyabeansproducedandprocessedinPortugal
shallbeeligibleforspecialaidequaltothedifference
betweentheguidepriceforsuchbeansinPortugaland
thepriceofimportedsoyabeans;
Whereas,pursuanttoCouncilRegulation(EEC)No
2194/85of25July1985adoptinggeneralrulesconcer­
ningspecialmeasuresforsoyabeans(*),aslastamended
byRegulation(EEC)No1231/89(*),theworldpricefor
soyabeansistobedeterminedonthebasisofthemost
favourableactualpurchasingpossibility,withtheexcep­
tionofoffersandpriceswhichmaynotbeconsideredasWhereas,wheretheoffersandquotationsdonotcomply
withthesaidconditions,thenecessaryadjustmentsmust
becarriedout,particularlythosereferredtoinArticle40
ofRegulation(EEC)No2537/89;
Whereastheabatementofthesubsidywhichanses,where
appropriate,fromthesystemofmaximumguaranteed
quantitiesforthe1989/90year,hasnot,todate,been
fixed;whereastheamountofthesubsidyforthe1989/90
yearhasbeenprovisionallycalculatedonthebasisofan
abatementofECU4,590per100kilogramsforSpainand
ECU5,780per100kilogramsfortheotherMember
States;
Whereas,ifthesaidsystemistooperatenormally,aid
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(®),aslastamendedbyRegula­
tion(EEC)No1636/87(»), 0OJNoL151,10.6.1985,p.15.0OJNoL197,26.7.1988,p.11.0OJNoL201,27.7.1988,p.2.0OJNoL128,11.5.1989,p.26.0OJNoL204,2.8.1985,p.1.
(«)OJNoL128,11.5.1989,p.24.0OJNoL245,22.8.1989,p.8.
(•)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

30.9.89 OfficialJournaloftheEuropeanCommunities NoL281/35
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereastheaidshallbefixedasoftenasthemarketsitu­
ationsorequiresandsothatitcanbeappliedatleast
twiceamonth,oneofwhichtimesshallbefromthefirst
dayofeachmonth;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
subsidyonsoyabeansshouldbeassetoutinthisRegula­
tion,HASADOPTEDTHISREGULATION :
Article1
1.TheamountoftheaidprovidedforinArticle2for
inRegulation(EEC)No1491/85andtheamountofthe
specialaidprovidedforinArticle1ofRegulation(EEC)
No2286/88inthecaseofPortugalshallbeassetoutin
theAnnexhereto.
2.However,theamountofthesubsidywillbe
confirmedorreplacedasfrom1October1989totake
intoaccounttheconsequences oftheapplicationofthe
systemofmaximumguaranteedquantities.
Article2
ThisRegulationshallenterintoforceon1October1989.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29September1989.
FortheCommission
RayMACSHARRY
MemberoftheCommission

NoL281/36 OfficialJournaloftheEuropeanCommunities 30.9.89
ANNEX
toCommissionRegulationof29September1989fixingtheaidforsoyabeans
(ECU/100kg)
Seedharvestedin
Spain PortugalanotherMember
State
Seedprocessedincurrentperiod(')\
—Spain 0,000 30,427 30,427
—Portugal 21,757 30,427030,427
—anotherMemberState 21,757 30,427 30,427
Seedprocessedinfirstperiod(') I
—Spain 0,000 30,477 30,477
—Portugal 21,807 30,477(*)30,477
—anotherMemberState 21,807 30,477 30,477
Seedprocessedinsecondperiod(') I
—Spain 0,000 30,287 30,287
—Portugal 21,617 30,287(•)30,287
—anotherMemberState 21,617 30,287 30,287
Seedprocessedinthirdperiod(') I
—Spain 0,000 30,038 30,038
—Portugal 21,368 30,038030,038
—anotherMemberState 21,368 30,038 30,038
Seedprocessedinfourthperiod(')
—Spain 0,000 29,747 29,747
—Portugal 21,077 29,747029,747
—anotherMemberState 21,077 29,747 29,747
Seedprocessedinfifthperiod(') I
—Spain 0,000 29,548 29,548
—Portugal 20,878 29,548029,548
—anotherMemberState 20,878 29,548 29,548
(')Specialaid.
(')Subjecttotheconsequencesoftheapplicationofthesystemofguaranteedquantities.