CELEX: 31989R2935
Language: en
Date: 1989-09-30 00:00:00
Title: Commission Regulation (EEC) No 2935/89 of 29 September 1989 fixing the aid for soya beans

No L 281 /34                             Official Journal of the European Communities                                  30. 9. 89
                                       COMMISSION REGULATION (EEC) No 2935/89
                                                     of 29 September 1989
                                                 fixing the aid for soya beans
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        representative of the actual market trend ; whereas
                                                                   account is to be taken of offers made on the world market
Having regard to the Treaty establishing the European              as well as the prices quoted on exchanges which are
Economic Community,                                                important in terms of international trade ; whereas, under
                                                                   that Regulation, where the subsidy to be granted is fixed
                                                                   in advance, the amount of such subsidy must be equal to
Having regard to the Act of Accession of Spain and                 the amount applicable on the day on which the applica­
Portugal,                                                          tion for advance fixing was lodged, adjusted by the diffe­
                                                                   rence between the target price valid on that day and the
Having regard to Council Regulation (EEC) No 1491 /85              target price valid on the identification day ; whereas such
of 23 May 1985 laying down special measures in respect             adjustment should involve increasing or reducing the
of soya beans (l), as last amended by Regulation (EEC) No          amount of subsidy applicable on the day on which the
2217/88 (2), and in particular Article 2 (7) thereof,              application was lodged by the corrective amount and the
                                                                   difference between the target prices mentioned in Article
Having regard to Council Regulation (EEC) No 2286/88               33 of Commission Regulation (EEC) No 2537/89 of 8
of 19 July 1988 providing for the granting of special aid          August 1989 laying down detailed rules for the applica­
                                                                   tion of the special measure for soya beans P) ;
for soya beans produced and processed in Portugal (3),
Having regard to the opinion of the Monetary Committee,             whereas, pursuant to Regulation (EEC) No 2537/89, the
                                                                   world market price is to be fixed per 100 kilograms and
Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No         calculated on the basis of the most favourable offers and
1491 /85, aid is to be granted for soya beans harvested            quotations for delivery within 30 days following the date
within the Community where the guide price for a                   when the said offers and quotations were recorded ;
marketing year exceeds the world price ; whereas the said
aid is to be equal to the difference between those two
prices ;                                                           Whereas, where the offers and quotations do not comply
                                                                   with the said conditions, the necessary adjustments must
Whereas the guide price for soya beans for the 1989/90             be carried out, particularly those referred to in Article 40
marketing year was fixed by Council Regulation (EEC)               of Regulation (EEC) No 2537/89 ;
No 1232/89 (4); whereas, pursuant to Articles 95 (2) and
293 (2) of the Act of Accession of Spain and Portugal, aid
for soya beans harvested in these two Member States is to          Whereas the abatement of the subsidy which anses, where
be introduced in accordance with the provisions of para­           appropriate, from the system of maximum guaranteed
graphs 2 and 3 of the said Articles from the beginning of          quantities for the 1989/90 year, has not, to date, been
the 1986/87 marketing year ;                                       fixed ; whereas the amount of the subsidy for the 1989/90
                                                                   year has been provisionally calculated on the basis of an
                                                                   abatement of ECU 4,590 per 100 kilograms for Spain and
Whereas, pursuant to Article of Regulation (EEC) No                ECU 5,780 per 100 kilograms for the other Member
2286/88, soya beans produced and processed in Portugal             States ;
shall be eligible for special aid equal to the difference
between the guide price for such beans in Portugal and
the price of imported soya beans ;
                                                                   Whereas, if the said system is to operate normally, aid
                                                                   should be calculated on the following basis :
Whereas, pursuant to Council Regulation (EEC) No
2194/85 of 25 July 1985 adopting general rules concer­
ning special measures for soya beans (*), as last amended          — in the case of currencies which are maintained in rela­
by Regulation (EEC) No 1231 /89 (*), the world price for                tion to each other at any given moment within a band
soya beans is to be determined on the basis of the most                 of 2,25 %, a rate of exchange based on their central
favourable actual purchasing possibility, with the excep­               rate, multiplied by the corrective factor provided for in
tion of offers and prices which may not be considered as                the last paragraph of Article 3 ( 1 ) of Council Regula­
                                                                        tion (EEC) No 1676/85 (®), as last amended by Regula­
0   OJ No  L  151 , 10. 6. 1985, p. 15.                                 tion (EEC) No 1636/87 (»),
0   OJ No  L  197,  26. 7. 1988, p. 11 .
0   OJ No  L  201 , 27. 7. 1988, p. 2.
0   OJ No  L  128,  11 . 5. 1989, p. 26.                           0 OJ No L 245, 22. 8 . 1989, p. 8.
0   OJ No  L  204,  2. 8 . 1985, p. 1 .                            (•) OJ No L 164, 24. 6. 1985, p. 1 .
(«) OJ No  L  128,  11 . 5. 1989, p. 24.                           0 OJ No L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- 30 . 9 . 89                           Official Journal of the European Communities                          No L 281 /35
— for other currencies, an exchange rate based on the           HAS ADOPTED THIS REGULATION :
     arithmetic mean of the spot market rates of each of
     these currencies recorded over a given period in rela­                             Article 1
     tion to the Community currencies referred to in the
     previous indent, and the aforesaid coefficient ;            1 . The amount of the aid provided for in Article 2 for
                                                                in Regulation (EEC) No 1491 /85 and the amount of the
                                                                special aid provided for in Article 1 of Regulation (EEC)
Whereas the aid shall be fixed as often as the market situ­     No 2286/88 in the case of Portugal shall be as set out in
                                                                the Annex hereto.
ation so requires and so that it can be applied at least
twice a month, one of which times shall be from the first       2. However, the amount of the subsidy will be
day of each month ;                                             confirmed or replaced as from 1 October 1989 to take
                                                                into account the consequences of the application of the
                                                                system of maximum guaranteed quantities.
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 October 1989.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 29 September 1989.
                                                                         For the Commission
                                                                           Ray MAC SHARRY
                                                                     Member of the Commission
 ---pagebreak--- No L 281 /36                           Official Journal of the European Communities                                      30. 9. 89
                                                               ANNEX
                   to Commission Regulation of 29 September 1989 fixing the aid for soya beans
                                                                                                            (ECU/100 kg)
                                                                                     Seed harvested in
                                                                                                        another Member
                                                                        Spain             Portugal            State
             Seed processed in current period (')               \
             — Spain                                                    0,000             30,427            30,427
             — Portugal                                                21,757             30,427 0          30,427
             — another Member State                                    21,757             30,427            30,427
             Seed processed in first period (')                                    I
             — Spain                                                    0,000             30,477            30,477
             — Portugal                                                21,807             30,477 (*)        30,477
             — another Member State                                    21,807             30,477            30,477
             Seed processed in second period (')                                   I
             — Spain                                                    0,000             30,287            30,287
             — Portugal                                                21,617             30,287 (•)        30,287
             — another Member State                                    21,617             30,287            30,287
             Seed processed in third period (')                                    I
             — Spain                                                    0,000             30,038            30,038
             — Portugal                                                21,368             30,038 0          30,038
             — another Member State                                    21,368             30,038            30,038
             Seed processed in fourth period (')
             — Spain                                                    0,000             29,747             29,747
             — Portugal                                                21,077             29,747 0           29,747
             — another Member State                                    21,077             29,747             29,747
             Seed processed in fifth period (')                                    I
             — Spain                                                    0,000             29,548             29,548
             — Portugal                                                20,878             29,548 0           29,548
             — another Member State                                    20,878             29,548             29,548
             (') Special aid.
             (') Subject to the consequences of the application of the system of guaranteed quantities.