CELEX: 31979R0702
Language: en
Date: 1979-04-07
Title: Commission Regulation (EEC) No 702/79 of 6 April 1979 fixing the world market price for colza and rape seed

No L 87 / 24                               Official Journal of the European Communities                              7 . 4 . 79
                                         COMMISSION REGULATION ( EEC) No 702/79
                                                              of 6 April 1979
                                    fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                          subsidy on oil seeds (7), as last amended by Regulation
  COMMUNITIES,                                                           ( EEC) No 676/79 («) ;
  Having regard to the Treaty establishing the European                  Whereas, if the price system is to operate normally,
  Economic Community,                                                    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 of a                          — in the case of currencies which are maintained in
 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
 590/79 (-'),                                                                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 852/78 (•»),                                        in the previous indent ;
 Having regard to Commission Regulation ( EEC) No                       Whereas it follows from applying these provisions
 2300/73 of 23 August 1973 laying down detailed                          that the world market price for colza and rape seed
 rules for applying differential amounts for colza and                  should be as set out in the Annex hereto,
 rape seed and repealing Regulation ( EEC) No
  1 464/73 (5 ), as last amended by Regulation ( EEC) No
  1 234/77 (b), and in particular Article 9(4) thereof,                  HAS ADOPTED THIS REGULATION :
 Having regard to the opinion of the Monetary
                                                                                                   Article 1
 Committee ,
 Whereas, pursuant to Article 9 (4) of Regulation ( EEC)                The world market price referred to in Article 9 (A) of
 No 2300 / 73 , the Commission must determine the                        Regulation ( EEC) No 2300/ 73 shall be as set out in
                                                                        the Annex hereto .
 world market price for colza and rape seed ;
 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 3048 /78                    This Regulation shall enter into force on 9 April
 of 22 December 1978 fixing the amount of the                            1979 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 6 April 1979 .
                                                                                   For the Commission
                                                                                    Finn GUNDELACH
                                                                                       Vice-President
(') OJ No 172, 30 . 9 . 1966, p. 3025/66.
I1) OJ No L 78, 30. 3. 1979, p. 1 .
(J ) 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 361 , 23 . 12 . 1978 , p . 18 .
(<>) OJ   No  L  143 , 10 . 6. 1977,  p. 9.                             (8) OJ No L 85, 5. 4. 1979 , p . 29 .
 ---pagebreak--- 7 . 4 . 79                                            Official Journal of the European Communities                                                   No L 87 / 25
                                                                            ANNEX
                      to the Commission Regulation of 6 April 1979 fixing the world market price for colza and
                                                                           rape seed
                                                                                                                                           in . j . 100
                 CCT
               heading                                         Description                                            World market price
                  No
         ex 12.01                 Colza and rape seed                                                                       18-166
                                                                                                                                           ( u.a . ICC
                                                                                             Work! market price where the subsidy
                 CCT                                                                          is fixed in advance tor the month ot
               heading                             Description
                  No
                                                                             April        May            III lie       July         August      September
                                                                             1979                        1 '» 79       1979          1               1979
        ex 12.01                  Colza and rape seed                      18166        18166         18105          18105          18-043         18-043
        (') The conversion rates front units of account into national currency as foreseen by Article 9 (^) ( a ) of Regulation ( LLC) No 2300 /^! arc the
            following :
             I  u.a . =  DM               .3.03524
             I  u.a . =  Fl                3.28928
             I u.a . =   Btr / L.fr      47 - 7031
             I  u.a . =  FF               7.00987
             I  u.a . =  Dkr              8.56656
             I  u.a .  = I                080 1 096,
             I  u.a .  = «'               0.789808
             I  u.a . =  Lit          1 36976