CELEX: 31980R0420
Language: en
Date: 1980-02-22 00:00:00
Title: Commission Regulation (EEC) No 420/80 of 21 February 1980 fixing the world market price for colza and rape seed

22. 2. 80                                Official Journal of the European Communities                         No L 48 /31
                                      COMMISSION REGULATION (EEC) No 420/80
                                                       of 21 February 1980
                                  fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                      of 21 February 1980 fixing the amount of the subsidy
 COMMUNITIES,                                                        on oil seeds (7) ;
 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
                                                                    — 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
 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 («),                                      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
 1464/73 (5), as last amended by Regulation (EEC) No
                                                                    HAS ADOPTED THIS REGULATION :
336/80 (6), and in particular Article 9 (4) thereof,
 Having regard to the opinion of the Monetary                                                 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 shall be as set out in
 No 2300/73 , the Commission must determine the                     the Annex hereto .
world market price for colza and rape seed ;
                                                                                              Article 2
Whereas the world market price should be deter­
mined in accordance with the rules and the criteria                 This Regulation shall enter into force on 22 February
set out in Commission Regulation (EEC) No 419/80                     1980 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 21 February 1980 .
                                                                               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 .
 4) OJ    No L 116, 28 . 4. 1978 , p. 6 .
 5) OJ    No L 236, 24. 8 . 1973, p. 28 .
 ') OJ    No L 37, 14. 2. 1980, p. 17.                              (7) See page 27 of this Official Journal.
 ---pagebreak--- No L 48 /32                                Official Journal of the European Communities                                                             22 . 2 . 80
                                                                        ANNEX
               to the Commission Regulation of 21 February 1980 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                                                                               20-445
                                                                                                                                       (ECU / 100 kg)(<)
                                                                                            World market price where the subsidy
            CCT                                                                              is fixed in advance for the month of
          heading                       Description
             No
                                                                       February       March            April         May          June         July
                                                                         1980          1980             1980         1980         1980         1980
    ex 12.01            Colza and rape seed                            20-445       20-445           20-445        20-445      20-938        20-868
    (') 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              2-48208
        1 ECU - F1              2-74362
        1  ECU   - Bfr/ Lfr    39-7897
        1  ECU   - FF           5-84700
        1  ECU  =  Dkr          7-72336
        I  ECU   - I £          0-668201
        1  ECU   = £            0-618487
        1  ECU   - Lit      1 158-77