CELEX: 31978R1586
Language: en
Date: 1978-07-08 00:00:00
Title: Commission Regulation (EEC) No 1586/78 of 7 July 1978 fixing the world market price for colza and rape seed

8 . 7. 78                              Official Journal of the European Communities                         No L 186/9
                                    COMMISSION REGULATION (EEC) No 1586/78
                                                        of 7 July 1978
                                fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                    oil seeds (7), as amended by Regulation (EEC) No
 COMMUNITIES,                                                      1568/78(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/
 66/EEC of 22 September 1966 on the establishment                  — in the case of currencies which are maintained in
 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
 1419/78 (2),                                                          their effective parity ;         1
                                                                   — 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 (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
 1464/73 (5), as last amended by Regulation (EEC) No               HAS ADOPTED THIS REGULATION :
 1 234/77 (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 1500/78                 This Regulation shall enter into force on 10 July
of 30 June 1978 fixing the amount of the subsidy on                1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 7 July 1978 .
                                                                             For the Commission
                                                                              Finn GUNDELACH
                                                                                 Vice-President
(!) OJ   No  172, 30. 9. 1966, p. 3025/66.
(2) OJ   No  L 171 , 28. 6. 1978, p. 8.
(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.                           (7) OJ No L 178, 1 . 7. 1978, p. 32.
(*) OJ   No  L 143, 10. 6. 1977, p. 9.                            (8) OJ No L 185, 7. 7. 1978 , p. 18 .
 ---pagebreak--- No L 186/ 10                                Official Journal of the European Communities                                                           8 . 7. 78
                                                                        ANNEX
           World market price applicable from 10 July 1978 (or colza and rape seed (CCT heading No
                                                                        ex 12.01 )
                                                                                                                                  u.a. /100 kg (x)
           World       market price                                                                                                  19.848
           World       market price where the subsidy is fixed in advance :
           — for       the month of July 1978                                                                                        19.848
           — for       the month of August 1978                                                                                      19.283
           — for       the month of September 1978                                                                                   19.283
           — for the month of October 1978                                                                                           16.657
           — for the month of November 1978                                                                                          16.657
           — for the month of December 1978                                                                                          16-657
           (') 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 IU. - F1               3.35507
               1 u.a. - Bfr/Lfr        48.6572
               1 u.a. - FF              6.80249
               1  u*.  -  Dkr           8.56656
               1  u.a. - £              0.812394
               1  UA   -  IS            0.812394
               1  in.  -  Lit       1 288.60