CELEX: 31978R3123
Language: en
Date: 1978-12-30 00:00:00
Title: Commission Regulation (EEC) No 3123/78 of 29 December 1978 fixing the rate of the additional aid for dried fodder

No L 370/44                          Official Journal of the European Communities                          30 . 12. 78
                               COMMISSION REGULATION (EEC) No 3123/78
                                                  of 29 December 1978
                             fixing the rate of the additional aid for dried fodder
THE COMMISSION OF THE EUROPEAN                                 Whereas when no offer of or quotation for the
COMMUNITIES,                                                    products described in the first indent of Article 1 (b)
                                                               of Regulation (EEC) No 1117/78 can be used to
Having regard to the Treaty establishing the European          determine the average world market price it is to be
Economic Community,                                            determined from offers on the world market of and
                                                               quotations on the exchanges important for interna­
Having regard to Council Regulation (EEC) No                   tional trade for the products described in the second
 1117/78 of 22 May 1978 on the common organization             indent of Article 1 (b) of Regulation (EEC) No
of the market in dried fodder (1), and in particular            1117/78 ;
Article 5 (3) thereof,
                                                               Whereas under Article 3 of Regulation (EEC) No
Having regard to the opinion of the Monetary                    1417/78 when no offer or quotation can be used to
Committee,
                                                               determine the average world market price it is deter­
                                                                mined from the last average world market price deter­
Whereas under Article 5 ( 1 ) of Regulation (EEC) No           mined, this being adjusted on the basis of price deve­
 1117/78 when the guide price is higher than the                lopments for the same products of Community origin
average world market price a supplementary aid is              and world prices of competing products ;
given for dried fodder as described under Article 1 (a),
(b) and (c) of that Regulation obtained from fodder
plants harvested in the Community ; whereas this aid           Whereas the adjustments referred to above were set
is equal to a percentage of the difference between             out in Article 3 of Commission Regulation (EEC) No
these two prices ;                                              1528/78 of 30 June 1978 laying down detailed rules
                                                                for the application of the system of aid for dried
Whereas this percentage and the guide price were               fodder (4), as last amended by Regulation (EEC) No
fixed by Council Regulation (EEC) No 1118/78 of 22              3074/78 (5) ;
May 1978 fixing the flat-rate production aid and the
guide price for dried fodder for the 1978/79                   Whereas under Article 11 of Regulation (EEC) No
marketing year (2) ;                                            1417/78 when forward prices differ from that applying
                                                               in the month when the application is lodged the
Whereas the average world market price is determined           supplementary aid rate is adjusted by a correcting
for a bulk pelleted product delivered Rotterdam of the         amount calculated from the trend of forward prices ;
standard quality for which the guide price has been
fixed ;
                                                               Whereas the correcting amount is equal to the differ­
Whereas under Council Regulation (EEC) No 1417/78              ence between the average world market price and the
of 19 June 1978 on the aid system for dried fodder (3),        average forward world market price multiplied by the
the average world market price for the products                percentage fixed in Article 3 of Regulation (EEC) No
described in the first indent of Article 1 (b) Regulation       1 1 1 8/78 ; whereas when for one of the months
(EEC) No 1117/78 is to be determined on the basis of           following that of the introduction of supplementary
the most favourable actual purchase possibilities              aid the average forward world market price cannot be
excepting those which cannot be considered represen­           determined by applying the criteria specified in
tative of the real market trend ; whereas offers and           Article 1 of Regulation (EEC) No 1417/78 the price
quotations recorded during the first 25 days of the            determined for the previous month is used to calcu­
month in question for quantities that can be delivered         late the difference ; whereas when for two or more
during the following calendar month are to be used ;           consecutive months following that of the introduction
whereas the average world market price thus deter­             of supplementary aid the average forward world
mined is used to fix the supplementary aid rate appli­         market prices cannot be determined by applying the
cable on the following month ;                                 criteria set out in Article 1 of Regulation (EEC) No
                                                                1417/78 the prices previously determined for these
Whereas the necessary adjustments must be made in              months, adjusted on the basis of the difference
the case of offers and quotations not of the type              between the average world market price and the last
referred to above :                                            forward price determined for the month, are used to
                                                               calculate the differences for the months in question ;
(») OJ No L 142, 30. 5. 1978, p. 1 .
(2) OJ No L 142, 30. 5. 1978, p. 6.                            (4) OJ No L 179, 1 . 7. 1978, p. 10.
h) OJ No L 171 , 28. 6. 1978, p. 1 .                           (*) OJ No L 367, 28. 12. 1978, p. 1 .
 ---pagebreak--- 30 . 12. 78                        Official Journal of the European Communities                        No L 370/45
Whereas when the average world market price is deter­        Whereas, in the absence of the guide price for the
mined in accordance with Articles 2 and 3 of Regula­          1979/80 marketing year for dried fodder, in the case
tion (EEC) No 1417/78 the correcting amount must              of advance fixing for the months of April, May, June,
be equal to the difference between the average world         July, August, September and October 1979, the
market price and the average forward world market             amount of subsidy on these products has been obtai­
price determined by applying the criteria specified in        nable only on the basis of the guide price ; whereas,
Articles 1 and 2 of the said Regulation and valid for         therefore this amount may be applied on a temporary
delivery during a month other than that of the intro­         basis and should be confirmed or replaced when the
duction of the supplementary aid, multiplied by the          guide price for the 1979/80 marketing year is known ;
percentage fixed in Article 3 of Regulation (EEC) No          Whereas as a result of the application of all these pro­
1118/78 for the product concerned ; whereas when for          visions to the offers and quotations which the
one or more months the average forward world                  Commission has recorded, the rate of the additional
market price cannot be determined by applying the             aid for dried fodder must be fixed as indicated in the
criteria specified in Articles 1 and 2 of Regulation          table annexed to this Regulation,
(EEC) No 1417/78 the correcting amount is to be
fixed for the month(s) in question to give a nil rate for
                                                              HAS ADOPTED THIS REGULATION :
the supplementary aid ;
Whereas, if the aid system is to operate normally,                                    Article 1
refunds should be calculated on the following basis :
                                                              1 . The rate of the aid referred to in Article 5 (3) of
— in the case of currencies which are maintained in
                                                              Regulation (EEC) No 1117/78 is fixed in the Annex
     relation to each other at any given moment within        to this Regulation.
     a band of 2-25 % , a rate of exchange based on
     their effective parity ;                                                         Article 2
— for other currencies, an exchange rate based on the
     arithmetic mean of the spot market rates of each         2. The amount of the subsidy for the months of
     of these currencies recorded for a given period in       April, May, June, July, August, September and
                                                              October 1979 will, however, as for dried fodder, be
     relation to the Community currencies referred to
     in the previous indent ;                                 confirmed or replaced as from 1 January 1979 to take
                                                              into account the guide price which is fixed for these
Whereas the rate of the additional aid must be fixed          products for the 1979/80 marketing year.
once per month so as to ensure application of the aid
from the first day of the month following the date of         This Regulation shall enter into force on 1 January
its fixing ;                                                  1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
               Done at Brussels, 29 December 1978 .
                                                                       For the Commission
                                                                         Finn GUNDELACH
                                                                            Vice-President
 ---pagebreak--- No L 370/46                      Official Journal of the European Communities                                           30 . 12. 78
                                                         ANNEX
          to die Commission Regulation of 29 December 1978 fixing die rate of the additional aid
                                                   for dried fodder
                            Additional aid applicable from 1 January 1979 to dried fodder
                                                                                                           (u.a./tonne)
                      CCT heading No             Dehydrated fodder ex 12.10 B    Fodder otherwise dried ex 12.10 B
                                                 Protein concentrates ex 23.07 C
          Additional aid                                       18.775                        10.729
          Additional aid in case of advance fixing for the month of :
          February 1979                                        18.709                        10.691
          March 1979                                           18.571                        10.612
          April 1979                                           18.503                        10.573
          May 1979                                             18.186                         10.393
          June 1979                                            17.358                          9.919
          July 1979                                            17.358                          9.919
          August 1979                                          17.358                          9.919
          September 1979                                       17.358                          9.919
          October 1979                                         17.358                          9-919