CELEX: 31978R0239
Language: en
Date: 1978-02-04 00:00:00
Title: Commission Regulation (EEC) No 239/78 of 3 February 1978 fixing the world market price for colza and rape seed

No L 34/ 16                               Official Journal of the European Communities                             4. 2. 78
                                      COMMISSION REGULATION (EEC) No 239/78
                                                        of 3 February 1978
                                 fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                      on oil seeds (7), as amended by Regulation (EEC) No
COMMUNITIES,                                                         238/78 (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 within
fats ('), as last amended by Regulation (EEC) No                         a band of 2-25 % , a rate of exchange based on
2560/77 (2),                                                             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
rules 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 :
1 234/77 (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 Csmmission Regulation (EEC) No 190/78                     This Regulation shall enter into force on 6 February
of 31 January 1978 fixing the amount of the subsidy                  1978 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 3 February 1978 .
                                                                                For the Commission
                                                                                 Finn GUNDELACH
                                                                                    Vice-President
(•) OJ   No 172, 30 . 9 .  1966, p. 3025/66 .
(2) OJ   No L 303, 28 .   11 . 1977, p. 1 .
(3) OJ   No L 167, 25 .   7. 1972, p. 9 .
(4) OJ   No L 357, 28 .   12. 1973, p. 6.
(5) OJ   No L 236, 24.    8 . 1973, p. 28 .                          (7) OJ No L 27, 1 . 2. 1978, p. 24.
(6) OJ   No L 143 , 10 .  6. 1977, p. 9 .                           (8) See page 14 of this Official Journal .
 ---pagebreak--- 4 . 2 . 78                                  Official Journal of the European Communities                                                            No L 34/ 17
                                                                        ANNEX
           World market price applicable from 6 February 1978 for colza and rape seed (CCT heading
                                                                     No ex 12.01 )
                                                                                                                                    u.a./100 kg (')
           World market price                                                                                                          19.008
           World market price where the subsidy is fixed in advance :
           — for the month of February 1978                                                                                            19 008
           — for the month of March 1978                                                                                               18.958
           —     for   the  month      of   April 1978                                                                                 18.965
           —     for   the  month      of   May 1978                                                                                   18.965
           —     for   the  month      of  June 1978                                                                                   18.965
           —     for   the  month      of   July 1978                                                                                  18.965
           (') 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 15665
               1 u.a . - F1             3.35507
               1 u.a . - Bfr/ Lfr      48.6572
               1 u.a . - FF             7.02326
               1 u.a . - Dkr            8.56656
               1 u.a . - £              0-766536
               1 u.a . - I £            0-766536
               1 u.a . - Lit        1 292.81