CELEX: 31976R0648
Language: en
Date: 1976-03-25 00:00:00
Title: Commission Regulation (EEC) No 648/76 of 24 March 1976 determining the world market price for colza and rape seed

25 . 3 . 76                                 Official Journal of the European Communities                           No L 78/ 15
                                       COMMISSION REGULATION (EEC) No 648/76
                                                            of 24 March 1976
                             determining the world market price (or colza and rape seed
THE COMMISSION OF THE EUROPEAN                                         on oil seeds (7), as last amended by Regulation (EEC)
COMMUNITIES,                                                           No 628/76 (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/
                                                                       — in the case of currencies which are maintained in
66/EEC of 22 September 1966 on the establishment
of a common organization of the markets in oils and                          relation to each other, at any given moment,
fats (J), as last amended by Regulation (EEC) No                             within a band of 2-25 % , a rate of exchange based
 1707/73 (2),                                                                on 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 3477/73 (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
ruies 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 :
632/75 (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 383/76                       This Regulation shall enter into force on 25 March
of 20 February 1976 fixing the amount of the subsidy                    1976 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 24 March 1976.
                                                                                   For the Commission
                                                                                     P.J. LARDINOIS
                                                                               Member of the Commission
(5 ) OJ   No 172, 30. 9. 1966, p. 3025/66.
(2 ) OJ   No L 175, 29 . 6 . 1973 , p .- 5 .
(3)  OJ   No L 167, 25. 7. 1972, p. 9.
(«)  OJ   No L 357, 28 . 12. 1973, p. 6.
(5)  OJ   No L 236, 24. 8. 1973, p. 28.                                (7)' OJ No L 45, 21 . 2. 1976, p. 33 .
(')  OJ   No L 66, 13 . 3 . 1975, p . 11 .                             (8) OJ No L 74, 20 . 3 . 1976, p. 28 .
 ---pagebreak--- No L 78/ 16                                  Official Journal of the European Communities                                                            25. 3. 76
                                                                           ANNEX
            World market price applicable from 25 March 1976 for colza and rape seed (CCT heading
                                                                        No ex 12.01 )
                                                                                                                                     u.a/1 00 kg (')
            World market price                                                                                                          17-218
            World market price where the subsidy is fixed in advance :
            — for the month of March 1976                                                                                               17-218
            —        for    the month   of  April 1976                                                                                  17-298
            —        for    the month   of  May 1976                                                                                    17-379
            —        for    the month   of  June 1976                                                                                   17-459
            —        for    the month   of  July 1976                                                                                   17-540
            —        for    the month   of  August 1976                                                                                 17-540
            ( J ) 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        3-21978
                  1 u.a . =     F1        3-35507
                  1 u.a. -      Bfr/Lfr  48-6572
                  1   u.a .  -  FF        5 86331
                  1   UA     -  Dkr       7-57828
                  1   u.a .  -     £      0-641112
                   1  u.a .  -  I£        0-641 1 12
                   1  u.a .  «  Lit     1003*36