CELEX: 31982R2910
Language: en
Date: 1982-10-30 00:00:00
Title: Commission Regulation (EEC) No 2910/82 of 29 October 1982 fixing the aid for castor seeds

No L 304/42                         Official Journal of the European Communities                            30 . 10 . 82
                               COMMISSION REGULATION (EEC) No 2910/82
                                                  of 29 October 1982
                                            fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                Regulation (EEC) No 2081 /79 of 26 September 1979
COMMUNITIES,                                                  laying down detailed rules for the application of the
                                                              special measures for castor seeds (4) ;
Having regard to the Treaty establishing the European
Economic Community,                                           Whereas offers and prices which do not satisfy these
                                                              conditions must be adjusted in accordance with Article
                                                              2 of Commission Regulation (EEC) No 2081 /79 ;
Having regard to Council Regulation (EEC) No
2874/77 of 19 December 1977 laying down special
                                                              Whereas Article 2 of Regulation (EEC) No 1853/78
measures in respect of castor seeds ('), and in particular
Article 2(5) thereof,
                                                              provides that where no offer or price can be used to
                                                              determine the world market price of castor seed it
                                                              shall be determined on the basis of the offers and
Having regard to Council Regulation (EEC) No                  prices on the world or Community markets for castor
1853/78 of 25 July 1978 adopting general rules in             oil and oil-cake ; whereas for this purpose the value of
connection with special measures for castor seeds (2),        the average quantities of oil and oil-cake obtained in
                                                              the Community from processing 1 00 kilograms of
Having regard to the opinion of the Monetary                  castor seed less the amount of the cost of processing
Committee,                                                    the seed into oil and oil-cake shall be used ;
Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77        Whereas Article 3 of Regulation (EEC) No 1853/78
specifies that aid shall be granted in respect of castor      provides that where no offer or price can be used to
seeds when the guide price for a marketing year is            determine the world market price for castor seed and,
higher than the world market price ; whereas this aid         further, it is impossible to establish the value of the
is to be equal to the difference between these two            oil-cake or oil processed from such seed, the worlds
prices ;                                                      market price shall be equal to the guide price for
                                                              castor seed ;
Whereas the guide price has been fixed by Council             Whereas, if the aid system is to operate normally, it
Regulation (EEC) No 1424/82 of 18 May 1982 fixing             should be calculated on the following basis :
the guide price for castor seeds for the 1982/83
marketing year (3) ;                                          — in the case of currencies which are maintained in
                                                                   relation to each other at any given moment within
Whereas the world market price is determined for seed              a band of 2-25 % , a rate of exchange based on
in bulk delivered to Rotterdam of the standard quality             their central rate,
for which the guide price was fixed ;
                                                              — for other currencies, an exchange rate based on the
Whereas Council Regulation (EEC) No 1853/78                        arithmetic mean of the spot market rates of each of
provides that the world market price shall be deter­               these currencies recorded for a given period in
mined on the basis of the actual most favourable                   relation to the Community currencies referred to
purchasing possibilities disregarding offers and prices            in the previous indent ;
which cannot be considered as representative of the
actual market trend ;                                         Whereas, in the light of the above rules, the world
                                                              market price should be fixed at 44-887 ECU per 100
                                                              kilograms ;
Whereas in determining the world market price
account is to be taken only of the offers made on the
                                                              Whereas the aid must be fixed once a month, and in
world market for delivery during the most representa­
 tive period for the sale of seed of Community origin         such a way that it can be applied from the first day of
 and of the prices quoted for delivery during the same         the month following the date of fixing ; whereas it
                                                               may be altered between fixing ;
 period on the major international exchanges ; whereas
 the most representative period for the sale of seed of
 Community origin has been fixed by Commission                Whereas the measures provided for in this Regulation
                                                               are in accordance with the opinion of the Management
                                                               Committee for Oils and Fats ,
(') OJ No L 332, 24. 12. 1977, p. 1 .
0 OJ No L 212, 2. 8 . 1978 , p. 1 .
0 OJ No L 162, 12. 6. 1982, p. 21 .                           O OJ No L 244, 27 . 9 . 1979 , p. 11 .
 ---pagebreak--- 30 . 10 . 82                     Official Journal of the European Communities                        No L 304/43
HAS ADOPTED THIS REGULATION :                                                     Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)        This Regulation shall enter into force on 1 November
No 2874/77 shall be 21-503 ECU per 100 kilograms.           1982.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels , 29 October 1982 .
                                                                    For the Commission
                                                                      Poul DALSAGER
                                                                 Member of the Commission