CELEX: 31979R2590
Language: en
Date: 1979-11-23 00:00:00
Title: Commission Regulation (EEC) No 2590/79 of 22 November 1979 fixing the world market price for colza and rape seed

No L 296/26                              Official Journal of the European Communities                           23 . 11 . 79
                                     COMMISSION REGULATION (EEC) No 2590/79
                                                      of 22 November 1979
                                  fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                      on oil seeds (7), as last amended by Regulation (EEC)
 COMMUNITIES,                                                        No 2589/79 (8) ;
 Having regard to the Treaty establishing the European              Whereas, if the price system is to operate normally,
 Economic Community,                                                 the world market price should be calculated on the
                                                                     following basis :
 Having regard to Council Regulation No 136/66/EEC
 of 22 September 1966 on the establishment of a                     — in the case of currencies which are maintained in
 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
 590/79 (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 852/78 (4),                                       in the previous indent ;
 Having regard to Commission Regulation (EEC) No                    Whereas it follows from applying these provisions
 2300/73 of 23 August 1973 laying down detailed                     that the world market price for colza and rape seed
 rules for applying differential amounts for colza and              should be as set out in the Annex hereto,
 rape seed and repealing Regulation (EEC) No
 1 464/73 (5), as last amended by Regulation (EEC) No
 1 234/77 (6), and in particular Article 9(4) thereof,              HAS ADOPTED THIS REGULATION :
Having regard to the opinion of the Monetary
Committee,                                                                                    Article 1
Whereas, pursuant to Article 9 (4) of Regulation (EEC)              The world market price referred to in Article 9 (4) of
 No 2300/73 , the Commission must determine the                     Regulation (EEC) No 2300/73 shall be as set out in
                                                                    the Annex hereto .
world market pirice for colza and rape seed ;•
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 2415/79                   This Regulation shall enter into force on 23
of 31 October 1979 fixing the amount of the subsidy                 November 1979 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 22 November 1979 .
                                                                               For the Commission
                                                                                Finn GUNDELACH
                                                                                   Vice-President
(<) OJ    No 172, 30 . 9. 1966, p. 3025/66.
 2) OJ    No L 78 , 30. 3 . 1979, p. 1 .
 3) OJ    No L 167, 25. 7. 1972, p. 9 .
 ") OJ    No L 116, 28 . 4. 1978 , p. 6.
 5) OJ    No L 236, 24. 8 . 1973, p. 28 .                           (7) OJ No L 275, 1 . 11 . 1979, p. 43 .
 6) OJ    No L 143 , 10 . 6. 1977, p. 9 .                           (8) See page 24 of this Official Journal .
 ---pagebreak--- 23 . 11 . 79                                   Official Journal of the European Communities                                                    No L 296/27
                                                                           ANNEX
                  to the Commission Regulation of 22 November 1979 fixing the world market price for
                                                                   colza and rape seed
                                                                                                                                         (ECU / 100 kg) (')
               CCT
             heading                                    Description                                                   World market price
                No
       ex 1 2.0 1           Colza and rape seed                                                                             22.281
                                                                                                                                         (ECU / 100 kg) (')
                                                                                              World market price where the' subsidy
               CCT                                                                             is fixed in advance for the month of
             heading                        Description
               No                                                        November      December         January      February      March        April
                                                                            1979          1979            1980         1980         1980         1980
       ex 12.01            Colza and rape seed                            22.281       22.281          22-281       22-281       22-640       22.998
       (') The conversion rates from ECU into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73 are the following :
           1  ECU   - DM           2.48557
           1  ECU   - F1           2.74748
           1  ECU   = Bfr/ Lfr    39.8456
           1  ECU   - FF           5-85522
           1 ECU = Dkr             7.36594V
           1 ECU = I £             0.669141
           1 ECU = £               0.659435
           I ECU = Lit         1 145.13