CELEX: 31974R1690
Language: en
Date: 1974-06-30 00:00:00
Title: Regulation (EEC) No 1690/74 of the Commission of 28 June 1974 fixing the amount of the subsidy on oil seeds

No L 176/ 8                                    Official Journal of the European Communities                                30 . 6 . 74
                                 REGULATION ( EEC) No 1690/74 OF THE COMMISSION
                                                               of 28 June 1974
                                           fixing the amount of the subsidy on oil seeds
THE COMMISSION OF THE EUROPEAN                                            mining world market prices for oil seeds and fixed the
COMMUNITIES ,                                                             frontier crossing point, fixed at Rotterdam ;
                                                                          Whereas Article 1 of that Regulation provides that
Having regard to the Treaty establishing the European                     when the world market price is being determined
Economic Community ;                                                      account should be taken of all offers on the world
                                                                          market known to the Commission and of quotations
                                                                          on those exchanges which are significant for interna­
Having regard to Council Regulation No 136/                               tional trade ; whereas Article 2 of Commission Regula­
66/ EEC (') of 22 September 1966 on the establish­                        tion No 225/ 67/ EEC (5 ) of 28 June 1967 on detailed
ment of a common organization of the market in oils                       rules for determining the world market price for oil
and fats, as last amended by Regulation ( EEC) No                         seeds, as last amended by the Act (6) annexed to the
1707/73 (2 ), and in particular Article 27 (4) thereof ;                  Treaty ( 7) on the Accession of new Member States to
                                                                          the European Economic Community and the Euro­
                                                                          pean Atomic Energy Community, signed at Brussels
Having regard to the Opinion of the Monetary                              on 22 January 1972, provides that offers and quota­
Committee ;                                                               tions which do not relate to shipments to be effected
                                                                          within 30 days following the date on which the world
                                                                          market price is determined should be disregarded ;
                                                                          whereas offers and quotations which the Commission
Whereas Article 27 of Regulation No 136/66/ EEC
                                                                          believes, in view of general price movements or infor­
provides that a subsidy should be granted in respect of
oil seeds harvested and processed within the Commu­                       mation available to it, not to be representative of the
nity when the target price for a species of seed is                       real trend of the market must also be disregarded ;
higher than the price on the world market ; whereas                       whereas offers and quotations relating to quantities of
these provisions apply only in respect of colza, rape                     less than 500 metric tons and offers relating to seed of
and sunflower seeds ;                                                     a quality other than that normally acceptable on the
                                                                          world market must also be disregarded ;
Whereas the subsidy on oil seeds should, theoretically,                   Whereas Article 3 of Regulation No 225/ 67/ EEC
be equal to the difference between those two prices ;                     provides that of the offers and quotations taken into
                                                                          consideration , those for delivery c and f should be
                                                                          increased by 0-2 % ; whereas offers and quotations for
Whereas the target price for each species of seed was                     delivery fas, fob or otherwise should be increased , as
fixed by Council Regulation ( EEC) No 11 22/74 (3 ) of                    appropriate, by loading, transport and insurance costs
29 April 1974 fixing target and basic intervention                        from the point of shipment or loading to the frontier
prices for oil seeds for the 1974/75 marketing year ;                     crossing point ; whereas cif offers and quotations for
                                                                          frontier crossing points other than Rotterdam should
                                                                          be adjusted to allow for the difference in transport
                                                                          costs as compared with a product delivered cif
Whereas Article 29 of Regulation No 136/ 66/ EEC                          Rotterdam ; whereas the Commission should take
provides that the world market price, calculated for a                    account only of the loading, transport and insurance
Community frontier crossing point, is to be deter­                        costs which to its knowledge are the lowest ; whereas,
mined on the basis of the most favourable purchasing                       finally, offers and quotations for delivery cif
opportunities , quotations being adjusted where neces­                     Rotterdam should be increased by 0-20 unit of
sary to take account of quotations for competing                          account ;
products ;
                                                                          Whereas Article 5 of Regulation No 1 1 5/ 67/ EEC
Whereas Article 4 of Council Regulation No 115/                            provides that the world market price should be deter­
67/ EEC (4) of 6 June 1967 laid down criteria for deter­                   mined for seed of the standard quality for which the
                                                                           target price has been fixed , delivered in bulk ;
(')  OJ No   172 , 30 . 9 .  1966 , p . 3025/ 66 .
(2 ) OJ No  L 175 , 29 .    6 . 1973 ,  p. 5 .                            (5 ) OJ No 136 , 30 . 6 . 1967 , p . 2919 / 67 .
P)   OJ No  L 128 , 10 .    5 . 1974,   p. 8 .                            (6) OJ No L 73 , 27 . 3 . 1972, p. 14 .
(")  OJ No  111 , 10 . 6 .   1967, p .  2196 / 67 .                       ( 7) OJ No L 73 , 27 . 3 . 1972, p. 5 .
 ---pagebreak--- 30 . 6 . 74                        Official Journal of the European Communities                            No L 176/ 9
Whereas Article 3 of Regulation No 225/ 67/ EEC              — the difference between the price of 100 kg of
provides that offers and quotations relating to                   colza, rape or sunflower seeds, plus processing
products presented otherwise than in bulk should be               costs, and the total of the prices of the quantities
adjusted by deducting the additional value resulting              of oil and oil cake resulting from the processing of
from that presentation ; whereas offers and quotations            the type of seed in question , and
relating to a quality other than the standard quality
for which the target price was fixed should be adjusted       — the difference between the price of 100 kg of one
on the basis of the coefficients of equivalence shown             or more other seeds, plus processing costs, and the
in the Annex to that Regulation ; whereas, in the case            total of the prices of the quantities of oil and oil
of offers on the world market for qualities of colza              cake resulting from the processing of these seeds ;
and rape seed other than those listed in that Annex, -
coefficients of equivalence derived from those listed        Whereas the factors to be taken into consideration for
in that Annex may, pursuant to Article 4 of Regula­           the purpose of determining that margin are defined in
tion No 225/ 67/ EEC, be applied ; whereas, when             Article 8 of Regulation No 225/ 67/ EEC ; whereas no
derived coefficients are being calculated, account must       adjustment should be made where the margin is
be taken of the differences between prices for the qual­      found to be less than 0-50 unit of account ; whereas
ities of seed in question and prices for the qualities        Article 6 (2) of Regulation No 115/67/ EEC provides
listed in that Annex , and of the characteristics of these
                                                              that, when the amount of the adjustment is being
various seeds ;                                               determined , account should be taken of the incidence
                                                              of the margin in question- on marketing operations of
                                                              Community traders and on the disposal of the various
                                                              types of seed on the world market ;
Whereas Article 2 of Regulation No 115/67/ EEC
provides that, where no offer or quotation can be used
as a basis for determining the world market price, that       Whereas Council Regulation ( EEC) No 2114/71 (') of
price should be determined on the basis of the value          28 September 1971 on the subsidy for oil seeds, as
of the average quantities of oil and oil cake resulting       amended by Regulation (EEC) No 2730/71 (2), laid
from the processing of 100 kg of seed within the              down rules for granting the subsidy on oil seeds ;
Community less an amount corresponding to the cost            whereas under that Regulation , where the subsidy to
of processing these seeds into oil and oil cake ;             be granted is fixed in advance, the amount of such
whereas the quantities and costs to be taken into             subsidy must be equal to the amount applicable on
consideration for the purposes of the calculation are         the day on which the application for advance fixing
fixed in Article 5 of Regulation No 225/67/ EEC ;             was lodged , adjusted by the difference between the
whereas the value of those quantities should be deter­        target price valid on that day and the target price valid
mined in accordance with the provisions of Article 6          on the day on which the seeds are placed under
of that Regulation ;                                          control at an oil mill and , where appropriate, a correc­
                                                              tive amount ; whereas Article 36 of Commission Regu­
                                                              lation ( EEC) No 1 204/72 (3 ) of 7 June 1972 laying
                                                              down detailed rules for the application of the subsidy
Whereas Article 3 of Regulation No 1 1 5/ 67/ EEC             system for oil seeds, as last amended by Regulation
provides that, where no offer or quotation can be used        ( EEC) No 1021 /74 (4 ), provides that such adjustment
as a basis for determining the world market price and         should involve increasing or reducing the amount of
where it is, moreover, impossible to establish the value      subsidy applicable on the day on which the applica­
of the oil or oil cake processed from such seed , the         tion was lodged by the difference between the target
world market price should be determined on the basis          price valid during the month during which the seeds
of the most recent known value for oil or oil cake ,          were placed under control at an oil mill and the target
adjusted to take account of the trend of world prices         price valid on the day on which the application was
for competing products by applying to that value the          lodged ;
rules set out in Article 2 of Regulation No 115/
67/ EEC ; whereas Article 7 of Regulation No 225/
67/ EEC defines competing products as those oils or           Whereas Article 38 of Regulation ( EEC) No 1204/72
oil cakes, as the case may be, which appear to have           provides that the corrective amount must be equal to
been offered in the largest quantities on the world           the difference between the world market price for
market during the period under consideration ;                colza , rape and sunflower seeds and the forward price
                                                              for those seeds valid for a shipment effected during
                                                              the month in which the seeds were placed under
                                                              control at an oil mill , those prices being determined,
Whereas Article 6 ( 1 ) of Regulation No 115/67/ EEC          in accordance with Articles 1 , 4 and 5 of Regulation
provides that, when the world market price of a type
                                                              (') OJ  No  L 222,   2 . 10 . 1971 , p. 2 .
of seed is being determined , the price used should be        (-) OJ  No  L 282 ,  23 . 12 . 1971 , p. 18.
adjusted by an amount not exceeding the margin                (;) OJ  No  L 1 33 , 10 . 6 . 1972, p. 1 .
between :                                                     (4  OJ  No  L 1 17,  30 . 4 . 1974 , p. 29 .
 ---pagebreak--- No L 176/ 10                          Official Journal of the European Communities                            30 . 6 . 74
1 1 5/ 67/ EEC ; whereas , if no offer and no price can be      — for other currencies an exchange rate based on the
used for such determination , the method of calcula­                 arithmetic mean of the spot market rates of each
tion provided for in Article 38 of Regulation ( EEC)                 of these currencies recorded for a given period, in
No 1204/ 72 should be used ; whereas the abovemen­                   relation to the Community currencies referred to
tioned difference may be adjusted pursuant to Article                in the previous subparagraph ;
39 of Regulation ( EEC) No 1204/ 72, account being
taken of prices for soya seeds on the world market ;             Whereas it follows from applying all these provisions
                                                                 to the offers and quotations known to the Commis­
Whereas the subsidy should be fixed whenever the                 sion that the subsidy on colza, rape and sunflower
market situation makes it necessary and in such a way            seeds should be fixed as shown in the Table annexed
as to ensure its being applied at least once a week ;            to this Regulation ,
Whereas Article 34 of Regulation ( EEC) No 1204/72
provides that the subsidy fixed previously should be                                                      t
retained if the variation in the factors used to calculate       HAS ADOPTED THIS REGULATION :
it entails an increase or reduction in that subsidy of
less than 0-10 unit of account ; whereas the subsidy
                                                                                         Article 1
may be altered whenever it becomes obvious that such
alteration is necessary ;
                                                                 The amount of the subsidy referred to in Article 27 of
Whereas, if the subsidy system is to operate normally,           Regulation No 136/ 66/ EEC is hereby fixed as shown
subsidies should be calculated on the following basis :          in the Table annexed to this Regulation .
— in the case of currencies which are maintained in
     relation to each other, at any given moment,                                        Article 2
     within a band of 2-2.5 % , a rate of exchange based
     on their effective parity ;                                 This Regulation shall enter into force on 1 July 1974.
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 28 June 1974 .
                                                                            l:or the Commission
                                                                               P.J. LARDINOJS
                                                                       Man her of the Commission
 ---pagebreak--- 30. 6. 74                         Official Journal of the European Communities                           No L 176/ 11
                                                      ANNEX
          to the Commission Regulation of 28 June 1974 fixing the amount of the subsidy on oil seeds
          Subsidy applicable from 1 July 1974 to colza and rape seeds (CCT heading No ex 12.01
                            and sunflower seeds ( CCT heading No ex 12.01 ) (u.a./lOO kg)
                                                                Colza and rape seed       Sunflower seed
          Subsidy                                                        0                      0
          Subsidy in the case of advancc fixing :
          — for the month of July                                        0                      0
          — for the month of August                                      0                      0
          — for the month of September                    "              0                      0
          — for the month of October                                     0                      0
          — for the month of November                                    0                      —
          — for the month of December                                    0                      —