CELEX: 31979R2707
Language: en
Date: 1979-12-01 00:00:00
Title: Commission Regulation (EEC) No 2707/79 of 30 November 1979 fixing the aid for castor seeds

No L 305/84                            Official Journal of the European Communities                             1 . 12. 79
                                 COMMISSION REGULATION (EEC) No 2707/79
                                                    of 30 November 1979
                                               fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                   Whereas offers and prices which do not satisfy these
COMMUNITIES,                                                     conditions must be adjusted in accordance with
                                                                 Article 2 of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European             2081 /79 ;
Economic Community,
Having regard to Council Regulation (EEC) No                      Whereas Article 2 of Regulation (EEC) No 1853/78
2874/77 of 19 December 1977 laying down special                   provides that where no offer or price can be used to
measures in respect of castor seeds (*), and in parti­            determine the world market price of castor seed it
cular Article 2 (5) thereof,                                      shall be determined on the basis of the offers and
                                                                  prices on the world or Community markets for castor
Having regard to the opinion of the Monetary                      oil and oil-cake ; whereas for this purpose the value of
Committee,                                                        the average quantities of oil and oil-cake obtained in
                                                                  the Community from processing 100 kilograms of
Whereas Article 2 (1 ) of Regulation (EEC) No 2874/77             castor seed less the amount of the cost of processing
                                                                  the seed into oil and oil-cake shall be used :
specifies that aid shall be granted in respect of castor
seeds when the guide price for a marketing year is
higher than the world market price ; whereas this aid
is to be equal to the difference between these two                Whereas Article 3 of Regulation (EEC) No 1853/78
prices ;                                                          provides that where no offer or price can be used to
                                                                  determine the world market price for castor seed and,
Whereas the guide price has been fixed by Council                 further, it is impossible to establish the value of the
Regulation (EEC) No 1608/79 of 24 July 1979 fixing                oil-cake or oil processed from such seed, the world
the guide price for castor seed for the 1979/80                   market price shall be equal to the guide price for
marketing year (2) ;                                              castor seed ;
Whereas the world market price is determined for
seed in bulk delivered to Rotterdam of the standard
                                                                  Whereas, if the aid system is to operate normally, it
quality for which the guide price was fixed ;                     should be calculated on the following basis :
Whereas Council Regulation (EEC) No 1853/78 of 25
July 1978 adopting general rules in connection with               — in the case of currencies which are maintained in
special measures for castor seeds (3) provides that the                relation to each other at any given moment within
world market price shall be determined on the basis                    a band of 2-25 % , a rate of exchange based on
of the actual most favourable purchasing possibilities                 their effective parity ;
disregarding offers and prices which cannot be consid­
ered as representative of the actual market trend ;               — for other currencies, an exchange rate based on the
                                                                       arithmetic mean of the spot market rates of each
Whereas in determining the world market price                          of these currencies recorded for a given period in
account is to be taken only of the offers made on the                  relation to the Community currencies referred to
world market for delivery during the most representa­                  in the previous indent ;
 tive period for the sale of seed of Community origin
 and of the prices quoted for delivery during the same
 period on the major international exchanges ; whereas
 the most representative period for the sale of seed of            Whereas the aid must be fixed once a month, and in
 Community origin has been fixed by Commission                     such a way that it can be applied from the first day of
 Regulation (EEC) No 2081 /79 of 26 September 1979                 the month following the date of fixing ; whereas it
 laying down detailed rules for the application of the             may be altered between fixing ;
 special measures for castor seeds (4) ;
(») OJ  No  L 332, 24. 12. 1977, p. 1 .                            Whereas the measures provided for in this Regulation
(2) OJ  No  L 190, 28 . 7. 1979, p. 1 .
(3) OJ   No L 212, 2. 8 . 1978, p. 1 .                             are in accordance with the opinion of the Manage­
(<) OJ  No  L 244, 27. 9. 1979, p. 11 .                            ment Committee for Oils and Fats,
 ---pagebreak--- 1 . 12. 79                      Official Journal of the European Communities                        No L 305/85
HAS ADOPTED THIS REGULATION :                                                    Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)       This Regulation shall enter into force on 1 December
No 2874/77 shall be 14.917 ECU per 100 kilograms.          1979 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 30 November 1979.
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President