CELEX: 31988R2711
Language: en
Date: 1988-09-01 00:00:00
Title: Commission Regulation (EEC) No 2711/88 of 31 August 1988 fixing the aid for soya beans

No L 241 /58                              Official Journal of the European Communities                                     1 . 9 . 88
                                         COMMISSION REGULATION (EEC) No 2711/88
                                                          of 31 August 1988
                                                    fixing the aid for soya beans
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           world market price is to be fixed per 100 kilograms and
                                                                       calculated on the basis of the most favourable offers and
  Having regard to the Treaty establishing the European                quotations for delivery within 30 days following the date
  Economic Community,                                                  when the said offers and quotations were recorded ;
  Having regard to the Act of Accession of Spain and                   Whereas, where the offers and quotations do not comply
  Portugal,                                                            with the said conditions, the necessary adjustments must
                                                                       be carried out, particularly those referred to in Article 2 of
  Having regard to Council Regulation (EEC) No 1491 /85                Regulation (EEC) No 2329/85 ;
 of 23 May 1985 laying down special measures in respect
 of soya beans ('), as last amended by Regulation (EEC) No
 2217/88 (2), and in particular Article 2 (7) thereof,                 Whereas the estimated production of soya seed for the
                                                                       1988/89 marketing year has not been fixed ; whereas the
 Having regard to the opinion of the Monetary Committee,               amount to be deducted where appropriate, from the
                                                                       subsidy in compliance with the system of maximum
                                                                       guaranteed quantities referred to in Article 3a (3) of Regu­
 Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No            lation (EEC) No 1491 /85 and its effect on the amount of
  1491 /85, aid is to be granted for soya beans harvested              the aid could therefore not be determined ; whereas the
 within the Community where the guide price for a                      amounts of the aid should therefore only be applied on a
 marketing year exceeds the world price ; whereas the said             temporary basis and should be confirmed or replaced
 aid is to be equal to the difference between those two                once the effects of the system of maximum guaranteed
 prices ;                                                              quantities for soya seed are known ;
 Whereas the guide price for soya beans for the 1988/ 1989
 marketing year was fixed by Council Regulation (EEC)                 Whereas, if the said system is to operate normally, aid
 No 2219/88 (3) ; whereas pursuant to Articles 95 (2) and              should be calculated on the following basis :
 293 (2) of the Act of Accession of Spain and Portugal aid
 for soya beans harvested in these two Member States is to
 be introduced in accordance with the provisions of para­             — in the case of currencies which are maintained in rela­
 graphs 2 and 3 of the said Articles from the beginning of                 tion to each other at any given moment within a band
 the 1986/87 marketing year ;                                              of 2,25 %, a rate of exchange based on their central
                                                                           rate, multiplied by the corrective factor provided for in
 Whereas, pursuant to Council Regulation (EEC) No                          the last paragraph of Article 3 (1 ) of Council Regula­
 2194/85 of 25 July 1985 adopting general rules concer­                    tion (EEC) No 1676/85 ("), as last amended by Regula­
                                                                           tion (EEC) No 1636/87 (»);
 ning special measures for soya beans (4), as last amended
 by Regulation (EEC) No 2218/88 (*); the world price for              — for other currencies, an exchange rate based on the
 soya beans is to be determined on the basis of the most                   arithmetic mean of the spot market rates of each of
 favourable actual purchasing possibility, with the excep­                 these currencies recorded over a given period in rela­
 tion of offers and prices which may not be considered as                  tion to the Community currencies referred to in the
 representative of the actual market trend ; whereas                       previous indent, and the aforesaid coefficient ;
 acccount is to be taken of offers made on the world
 market as well as the prices quoted on exchanges which
 are important in terms of international trade ;                      Whereas the aid shall be fixed as often as the market situ­
                                                                      ation so requires and so that it can be applied at least
Whereas, pursuant to Commission Regulation (EEC) No                   twice a month, one of which times shall be from the first
 2329/85 of 12 August 1985 laying down detailed rules for             day of each month ;
 the application of the special measures for soya beans (6),
as last amended by Regulation (EEC) No 2674/88 P), the
                                                                      Whereas it follows from applying these provisions to the
(') OJ  No  L  151 , 10. 6. 1985, p. 15.                              offers and quotations known to the Commission that the
0   OJ  No  L  197,  26. 7. 1988, p. 11 .                             subsidy on soya beans should be as set out in this Regula­
(3) OJ  No  L  197,  26. 7. 1988, p. 14.                              tion ,
0   OJ  No  L  204,  2. 8 . 1985, p. 1 .
0   OJ  No  L  197,  26. 7. 1988, p. 12.
(<) OJ  No  L  218,  15. 8 . 1985, p. . 16.                           (8) OJ No L 164, 24. 6. 1985, p. 1 .
O   OJ  No  L  239,  30. 8 . 1988, p. 19.                             O OJ No L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- 1 . 9 . 88                                 Official Journal of the European Communities                                    No L 241 / 59
HAS ADOPTED THIS REGULATION :                                                                          Article 2
                           Article 1
The aid referred to in Article 2 of Regulation (EEC) No                  This Regulation shall enter into force on 1 September
1491 /85 is hereby fixed in the Annex hereto.                             1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.                                   i
                Done at Brussels, 31 August 1988 .
                                                                                    For the Commission
                                                                                     Frans ANDRIESSEN
                                                                                        Vice-President
                                                                  ANNEX
        t
                                                            Aid for soya beans (')
                                                                                                              (ECU/100 kg)
                                                                                      Seed harvested in
                                                 -'
                                                                                                         another Member
                                                                         Spain             Portugal            State
                Seed processed in :                                                                               i
                — Spain                                                  0,000              24,063            24,063
                — Portugal                                              13,877               0,000            24,063
                — another Member State                                  13,877              24,063            24,063
                (') Subject to the reduction resulting from the maximum guaranteed quantities system .