CELEX: 31979R0898
Language: en
Date: 1979-05-05 00:00:00
Title: Commission Regulation (EEC) No 898/79 of 4 May 1979 fixing the world market price for colza and rape seed

No L 112/ 8                                Official Journal of the European Communities                              5 . 5. 79
                                      COMMISSION REGULATION (EEC) No 898/79
                                                            of 4 May 1979
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       Whereas, if the price system is to operate normally,
COMMUNITIES,                                                          the world market price should be calculated on the
                                                                      following basis :
Having regard to the Treaty establishing the European
Economic Community,                                                  — in the case of currencies which are maintained in
                                                                         . relation to each other at any given moment within
Having regard to Council Regulation No 136/66/EEC                          a band of 2-25 % , a rate of exchange based on
of 22 September 1966 on the establishment of a                             their effective parity ;
common organization of the markets in oils and
fats ( ! ), as last amended by Regulation (EEC) No'                  — for other currencies, an exchange rate based on the
590/79 (2),
                                                                           arithmetic mean of the spot market rates of each
                                                                           of these currencies recorded for a given period in
Having regard to Council Regulation (EEC) No                               relation to the Community currencies referred to
1569/72 of 20 July 1972 laying down special                                in the previous indent ;
measures for colza and rape seed (3), as last amended
by Regulation (EEC) No 852/78 (4),                                   Whereas Council Regulation (EEC) No 652/79 of 29
                                                                      March 1 979 (9) laid down the coefficient for
Having regard to Commission Regulation (EEC) No                       expressing amounts, fixed in units of account, in
2300/73 of 23 August 1973 laying down detailed                        ECU ;
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No                           Whereas it follows from applying these provisions
1464/73 (5), as last amended by Regulation (EEC) No                   that the world market price for colza and rape seed
1 234/77 (6), and in particular Article 9 (4) thereof,                should be as set out in the Annex hereto,
Having regard to the opinion of the Monetary
Committee,                                                            HAS ADOPTED THIS REGULATION :
Whereas, pursuant to Article 9 (4) of Regulation (EEC)
No 2300/73, the Commission must determine the                                                   Article 1
world market price for colza and rape seed ;
                                                                      The world market price referred to in Article 9 (4) of
Whereas the world market price should be deter­                       Regulation (EEC) No 2300/73 shall be as set out in
mined in accordance with the rules and the criteria                   the Annex hereto .
set out in Commission Regulation (EEC) No 3048/78
of 22 December 1978 fixing the amount of the                                                    Article 2
subsidy on oil seeds (7), as last amended by Regulation
(EEC) No 865/79 (») ;                                                 This Regulation shall enter into force on 7 May 1979 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 4 May 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 .
 (J) 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 .
 (0) OJ    No  L 143, 10 . 6. 1977, p. 9 .
 (7) OJ    No  L 361 , 23. 12. 1978 , p. 18 .
 (8) OJ    No  L 108 , 1 . 5. 1979, p. 42.                             (9) OJ No L 84, 4 . 4 . 1979 , p. 1 .
 ---pagebreak--- 5 . 5 . 79                                     Official Journal of the European Communities                                                       No L 112/9
                                                                            ANNEX
                    to the Commission Regulation of 4 May 1979 fixing the world market price for colza and
                                                                           rape seed
                                                                                                                                          (ECU / 100 kg) (')
                CCT
              heading                                   Description                                                    World market price
                 No
         ex 12.01            Colza and rape seed                                                                             22090
                                                                                                                                          (ECU / 100 kg)(1)
                                                                                               World market price where the subsidy
                CCT                                                                             is fixed in advance for the month of
              heading                       Description
                 No
                                                                             May          June            July         August    September     October
                                                                             1979          1979           1979          1979         1979         1979
        ex 12.01            Colza and rape seed                            22090        22.015          21.865        21.865      21-865       21-865
        (') 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              2.51064
            1  ECU   = Fl           2.72077
            1  ECU   = Bfr/ Lfr    39.4582
            1  ECU   = FF           5.79831
            1  ECU   - Dkr          7.08592
            1 ECU = I £             0.662638
            1 ECU = £               0.646563
            1 ECU = Lit         1 118.21