CELEX: 31977R0102
Language: en
Date: 1977-01-20
Title: Commission Regulation (EEC) No 102/77 of 19 January 1977 determining the world market price for colza and rape seed

No L 17/ 12                              Official Journal of the European Communities                              20 . 1 . 77
                                       COMMISSION REGULATION (EEC) No 102/77
                                                        of 19 January 1977
                              determining the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                       oil seeds (7), as last amended by Regulation (EEC) No
 COMMUNITIES,                                                         103/77 (8) ;
 Having regard to the Treaty establishing the European                Whereas to enable the price system to operate
 Economic Community,                                                  normally, the world market price should be calculated
                                                                      on the following basis :
 Having regard to Council Regulation No 136/
                                                                     — in the case of currencies which are maintained in
 66/ EEC 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,
 fats ('), as last amended by Regulation (EEC) No                         within a band of 2-25 % , a rate of exchange based
  1707/73 (2),                                                            on 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 3477/73 (4),                                      in the previous subparagraph ;
 Having regard to Commission Regulation (EEC) No                     Whereas, applying all these provisions, the world
 2300/73 of 23 August 1973 laying down detailed                      market price for colza and rape seed should be fixed
 rules for applying differential amounts for colza and               as shown in the table annexed to this Regulation,
 rape seed and repealing Regulation (EEC) No
 1 464/73 (5), as last amended by Regulation ( EEC) No
                                                                     HAS ADOPTED THIS REGULATION :
 632/75 (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 and the rates to be used
 No 2300 /73 , the Commission must determine the                     for converting them into national currencies shall be
 world market price for colza and rape seed ;                        as shown in the table annexed to this Regulation .
 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 1713/76                   This Regulation shall enter into force on 20 January
 of 15 July 1976 fixing the amount of the subsidy on                  1977 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 19 January 1977.
                                                                                For the Commission
                                                                                 Finn GUNDELACH
                                                                                    Vice-President
0   OJ    No 172, 30 . 9 . 1966, p . 3025/66.
(2) OJ    No L 175, 29 . 6. 1973, p. 5 .
(3) OJ    No L 167, 25 . 7 . 1972, p. 9 .
(4) OJ    No L 357, 28 . 12. 1973, p. 6.
(5) OJ   No  L 236, 24. 8 . 1973, p. 28 .                           ( 7) OJ No L 192, 16. 7. 1976, p. 17.
(6) OJ   No  L 66, 13 . 3 . 1975, p. 11 .                           (8) See page 14 of this Official Journal .
 ---pagebreak--- 20 . 1 . 77                                Official Journal of the European Communities                                                               No L 17/ 13
                                                                         ANNEX
            World market price applicable from 20 January 1977 for colza and rape seed (CCT heading
                                                                      No ex 12.01 )
                                                                                                                                     u.a. /100 kv (')
            World        market price                                                                                                   22.195
            World        market price where the subsidy is fixed in advance :
            — for        the month of January 1977                                                                                      22.195
            — for        the month of February 1977                                                                                     22.195
            — for the month of March 1977                                                                                               22.195
            — for the month of April 1977                                                                                               21.744
            — for the month of May 1977                                                                                                 21 744
            — for the month of June 1977                                                                                                21 744
            (') The conversion rates from units of account into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300/73
                are the following :
                 1 u.a .  =  DM           3.15665
                1  u.a .  =  F1           3.35507
                 1 u.a .  =  Bfr/ Lfr    48.6572
                 1 u.a .  =  FF           6.69985
                 1 u.a .  =  Dkr          7.89407
                 1 u.a .        £         0.788112
                 1 u.a .  =  I£           0.788112
                 1 u.a .  =  Lit      1 178.59