CELEX: 31978R0067
Language: en
Date: 1978-01-14 00:00:00
Title: Commission Regulation (EEC) No 67/78 of 13 January 1978 fixing the world market price for colza and rape seed

No L 11 /8                                Official Journal of the European Communities                             14 . 1 . 78
                                       COMMISSION REGULATION (EEC) No 67/78
                                                        of 13 January 1978
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       oil seeds (7), as last amended by Regulation (EEC) No
COMMUNITIES,                                                         48/78 (8) ;
Having regard to the Treaty establishing the European                Whereas, to enable the price system to operate
Economic Community,                                                  normally, the world market price should be calculated
                                                                     on the following basis :
Having regard to Council Regulation No 136/66/EEC
                                                                     — in the case of currencies which are maintained in
of 22 September 1966 on the establishment of a
common organization of the markets in oils and                            relation to each other at any given moment within
fats (!), as last amended by Regulation (EEC) No                          a band of 2-25 % , a rate of exchange based on
2560/77 (2),                                                              their effective parity ;
                                                                     — for other currencies, an exchange rate based on the
Having regard to Council Regulation (EEC) No                              arithmetic mean of the spot market rates of each
1569/72 of 20 July 1972 laying down special                               of these currencies recorded for a given period in
measures for colza and rape seed (3), as last amended                     relation to the Community currencies referred to
by Regulation (EEC) No 3477/73 (4),                                       in the previous subparagraph ;
Having regard to Commission Regulation (EEC) No                      Whereas, applying all these provisions, the world
2300/73 of 23 August 1973 laying down detailed                       market price for colza and rape seed should be fixed
rules for applying differential amounts for colza and                as shown in the table annexed to this Regulation,"
rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No                 HAS ADOPTED THIS REGULATION :
 1 234/77 (6), and in particular Article 9 (4) thereof,
Having regard to the opinion of the Monetaiy                                                   Article 1
Committee,
                                                                     The world market price referred to in Article 9 (4) of
Whereas, pursuant to Article 9 (4) of Regulation (EEC)               Regulation (EEC) No 2300/73 and the rates to be used
No 2300/73, the Commission must determine the                        for converting them into national currencies shall be
world market price for colza and rape seed ;                         as shown in the table annexed to this Regulation.
Whereas the world market price should be deter­                                                Article 2
 mined in accordance with the rules and the criteria
set out in Commission Regulation (EEC) No 1443/77                    This Regulation shall enter into force on 16 January
 of 30 June 1977 fixing the amount of the subsidy on                  1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 13 January 1978 .
                                                                                 For the Commission
                                                                                  Finn GUNDELACH
                                                                                     Vice-President
  (') OJ  No  172, 30. 9 . 1966, p . 3025/66.
  (2) OJ  No  L 303, 28 .  11 . 1977, p. 1 .
  (3) OJ  No  L 167, 25.   7. 1972, p. 9 .
  (4) OJ  No  L 357, 28 .  12. 1973, p. 6.
  (5) OJ  No  L 236, 24.   8 . 1973 , p. 28 .                         (7) OJ No L 161 , 1 . 7. 1977, p. 31 .
  (6) OJ  No  L 143, 10.   6. 1977, p. 9 .                            (8) OJ No L 9, 12. 1 . 1978, p. 11 .
 ---pagebreak--- 14 . 1 . 78                                   Official Journal of the European Communities                                                        No L 11 /9
                                                                         ANNEX
            World market price applicable from 16 January 1978 for colza and rape seed (CCT heading
                                                                      No ex 12.01 )
                                                                                                                                   u.aJ100 kg ('J
            World       market price                                                                                                  20.237
            World       market price where the subsidy is fixed in advance :
            — for       the month of January 1978                                                                                     20.237
            — for       the month of February 1978                                                                                    19.759
            — for the month of March 1978                                                                                             19.859
            — for the month of April 1978                                                                                             19.942
            — for the month of May 1978                                                                                               19.942
            — for the month of June 1978                                                                                              19.942
            (') The conversion rates from units of account into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73
                 are the following :
                1 u.a . = DM             3 15665
                1 u.a . = Fl             3.35507
                1 u.a . = Bfr/ Lfr      48.6572
                1 u.a . = FF             6.98602
                1 u.a . = Dkr            8-56656
                1 u.a . = £              0.766536
                1 u.a . = I £            0.766536
                1 u.a . = Lit        1 296-51