CELEX: 31979R0723
Language: en
Date: 1979-04-11 00:00:00
Title: Commission Regulation (EEC) No 723/79 of 10 April 1979 fixing the world market price for colza and rape seed

No L 92/ 14                            Official Journal of the European Communities                           11 . 4. 79
                                    COMMISSION REGULATION (EEC) No 723/79
                                                      of 10 April 1979
                                fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                   Whereas, if the price system is to operate normally,
COMMUNITIES,                                                     the world market price should be calculated on the
                                                                 following basis :
Having regard to the Treaty establishing the European
Economic Community,                                              — in the case of currencies which are maintained in
                                                                     relation to each other at any given moment within
Having regard to Council Regulation No 136/66/EEC                    a band of 2-25 % , a rate of exchange based on
of 22 September 1966 on the establishment of a                       their effective parity ;
common organization of the markets in oils and                   — for other currencies, an exchange rate based on the
fats (*), as last amended by Regulation (EEC) No                     arithmetic mean of the spot market rates of each
590/79 (2),                                                          of these currencies recorded for a given period in
Having regard to Council Regulation (EEC) No                         relation to the Community currencies referred to
 1569/72 of 20 July 1972 laying down special                         in the previous indent ;
measures for c^lza and rape seed (3), as last amended            Whereas Council Regulation (EEC) No 652/79 of 29
by Regulation (EEC) No 852/78 (4),                               March 1 979 (9) laid down the coefficient for
Having regard to Commission Regulation (EEC) No                  expressing amounts, fixed in units of account, in
2300/73 of 23 August 1973 laying down detailed                   ECU ;
rules for applying differential amounts for colza and
                                                                 Whereas it follows from applying these provisions
rape seed and repealing Regulation (EEC) No
                                                                 that the world market price for colza and rape seed
 1464/73 (5), as last amended by Regulation (EEC) No             should be as set out in the Annex hereto,
1 234/77 (6), and in particular Article 9 (4) thereof,
Having regard to the opinion of the Monetary                     HAS ADOPTED THIS REGULATION :
Committee,
Whereas, pursuant to Article 9 (4) of Regulation (EEC)                                    Article 1
No 2300/73, the Commission must determine the
world market price for colza and rape seed ;                     The world market price referred to in Article 9 (4) of
                                                                 Regulation (EEC) No 2300/73 shall be as set out in
Whereas the world market price should be deter­                  the Annex hereto .
mined in accordance with the rules and the criteria
set out in Commission Regulation (EEC) No 3048/78                                         Article 2
of 22 December 1978 fixing the amount of the
subsidy on oil seeds (7), as last amended by Regulation          This Regulation shall enter into force on 1 1 April
(EEC) No 722/79 (*) ;                                             1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
               Done at Brussels, 10 April 1979.
                                                                           For the Commission
                                                                            Finn GUNDELACH
                                                                               Vice-President
(i) OJ No 172, 30. 9. 1966, p. 3025/66.
 2) OJ   No L 78, 30. 3. 1979, p. 1 .
 3) OJ   No L 167, 25. 7. 1972, p. 9.
 ♦) OJ   No L 116, 28 . 4. 1978, p. 6.
 ') OJ   No L 236, 24. 8 . 1973, p. 28 .
 <) OJ   No L 143, 10. 6. 1977, p. 9.
 0  OJ   No L 361 , 23. 12. 1978, p. 18 .
 8) See  page 12 of this Official Journal.                       H OJ No L 84, 4. 4. 1979, p. 1 .
 ---pagebreak--- 11 . 4. 79                                      Official Journal of the European Communities                                             No L 92/ 15
                                                                       ANNEX
                   to the Commission Regulation of 10 April 1979 fixing the world market price for colza
                                                                     and rape seed
                                                                                                                                 (ECU / 100 kfOC)
                CCT
              heading                                    Description                                          World market price
                 No
        ex 12.01             Colza and rape seed                                                                    21-888
                                                                                                                                 (ECU / 100 kg)(')
                                                                                      World market price where the subsidy
                CCT                                                                    is fixed in advance for the month of
              heading                        Description
                 No
                                                                        April     May            June          July       August     September
                                                                        1979      1979           1979          1979         1979         1979
        ex 12.01             Colza and rape seed                       21-888   21-888         21-814        21-665      21-665       21-665
        (') The conversion rates from ECU into national currency as foreseen by Article 9 (S) (a) of Regulation (EEC) No 2300/73 are the
            following :
            1  ECU   =  DM           2-51064
            1  ECU   -  F1           2-72077
            1  ECU   =  Bfr/ Lfr     39-4582
            1  ECU   =  FF           5-79831
            I  ECU   =  Dkr          7-08592
            1  ECU   =  I £          0-662638
            1  ECU   =  £            0-653300
            1  ECU   =  Lit      1 13302