CELEX: 31992R0235
Language: en
Date: 1992-02-01 00:00:00
Title: Commission Regulation (EEC) No 235/92 of 31 January 1992 fixing the aid for soya beans

No L 24/48                               Official Journal of the European Communities                                    1 . 2. 92
                                       COMMISSION REGULATION (EEC) No 235/92
                                                       of 31 January 1992
                                                 fixing the aid for soya beans
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        day ; whereas such adjustment should involve increasing
                                                                   or reducing the amount of subsidy applicable on the day
                                                                   on which the application was lodged by the corrective
                                                                   amount and the difference between the target prices
Having regard to the Treaty establishing the European              mentioned in Article 33 of Commission Regulation (EEC)
Economic Community,                                                No 2537/89 of 8 August 1989 laying down detailed rules
                                                                   for the application of the special measure for soya
                                                                   beans (*), as last amended by Regulation (EEC) No
                                                                   2692/91 0 ;
Having regard to the Act of Accession of Spain and
Portugal,
                                                                   Whereas, pursuant to Regulation (EEC) No 2537/89, the
Having regard to Council Regulation (EEC) No 1491 /85              world market price is to be fixed per 100 kilograms and
                                                                   calculated on the basis of the most favourable offers and
of 23 May 1985 laying down special measures in respect
of soya beans ('), as last amended by Regulation (EEC) No          quotations for delivery within 30 days following the date
1724/91 (2), and in particular Article 2 (7) thereof,              when the said offers and quotations were recorded ;
Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No         Whereas, where the offers and quotations do not comply
1491 /85, aid is to be granted for soya beans harvested            with the said conditions, the necessary adjustments must
within the Community where the guide price for a                   be carried out, particularly those referred to in Article 40
marketing year exceeds the world price ; whereas the said          of Regulation (EEC) No 2537/89 ;
aid is to be equal to the difference between those two
prices ;
                                                                   Whereas the abatement of the subsidy which arises, where
                                                                    appropriate, from the system of maximum guaranteed
Whereas the guide price for soya beans was fixed for the            quantities for the 1991 /92 year, has been fixed by
1991 /92 marketing year by Council Regulation (EEC) No              Commission Regulation (EEC) No 250/92 (8);
1726/91 0 ;
Whereas, pursuant to Council Regulation (EEC) No                    Whereas, if the said system is to operate normally, aid
2194/85 of 25 July 1985 adopting general rules con­                 should be calculated on the following basis :
cerning special measures for soya beans (4), as last
amended by Regulation (EEC) No 1725/91 Q, the world
price for soya beans is to be determined on the basis of            — in the case of currencies which are maintained in rela­
the most favourable actual purchasing possibility, with the              tion to each other at any given moment within a band
exception of offers and prices which may not be con­                     of 2,25 %, a rate of exchange based on their central
sidered as representative of the actual market trend ;                   rate, multiplied by the corrective factor provided for in
whereas account is to be taken of offers made on the                     the last paragraph of Article 3 (1 ) of Council Regula­
world market as well as the prices quoted on exchanges                   tion (EEC) No 1676/85 (9) as last amended by Regula­
which are important in terms of international trade ;                    tion (EEC) No 2205/90 (10),
whereas, under that Regulation, where the subsidy to be
granted is fixed in advance, the amount of such subsidy             — for the other currencies, an exchange rate based on an
must be equal to the amount applicable on the day on                     average of the ecu rates published in the 'C' series of
which the application for advance fixing was lodged,                     the Official Journal of the European Communities
adjusted by the difference between the target price valid                over a period to be determined, multiplied by the
on that day and the target price valid on the identification             factor referred to in the preceding indent ;
(») OJ  No L  151 , 10. 6. 1985, p. 15.                             <°) OJ No L 245, 22. 8. 1989, p. 8.
0   OJ  No L  162,  26. 6. 1991 , p. 35.                            f) OJ No L 255, 12. 9. 1991 , p. 12.
(3) OJ  No  L 162,  26. 6. 1991 , p. 39.                            (8) See page 86 of this Official Journal.
(4) OJ  No L  204,  2. 8. 1985, p. 1 .                              0 OJ No L 164, 24. 6. 1985, p. 1 .
(*) OT No L 162. 26. 6. 1991 . o. 37.                               (10) OJ No L 201 , 31 . 7. 1990, p. 9.
 ---pagebreak--- 1 . 2. 92                            Official Journal of the European Communities                            No L 24/49
Whereas the aid shall be fixed as often as the market situ­    HAS ADOPTED THIS REGULATION :
ation so requires and so that it can be applied at least
twice a month, one of which times shall be from the first                                 Article 1
day of each month ;
                                                               The amount of the aid provided for in Article 2 of Regu­
                                                               lation (EEC) No 1491 /85 shall be as set out in the Annex
                                                               hereto.
Whereas it follows from applying these provisions to the
offers and quotations known to the Commission that the                                    Article 2
subsidy on soya beans should be as set out in this Regula­
tion,                                                          This Regulation shall enter into force on 1 February 1992.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 31 January 1992.
                                                                           For the Commission
                                                                            Ray MAC SHARRY
                                                                    Member of the Commission
                                                           ANNEX
                    to the Commission Regulation of 31 January 1992 fixing the aid for soya beans
                                                                                                               (ECU/100 kg)
                                                       Current        First         Second           Third      Fourth
                                                        period       period         period          period       period
                                                          2            3               4               5           6
Seed harvested                                         27,525       27,473          27,577          27,559      27,559