CELEX: 31977R2985
Language: en
Date: 1977-12-31 00:00:00
Title: Commission Regulation (EEC) No 2985/77 of 30 December 1977 fixing the world market price for colza and rape seed

No L 351 /32                                Official Journal of the European Communities                            31 . 12. 77
                                        COMMISSION REGULATION (EEC) No 2985/77
                                                           of 30 December 1977
                                    fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                           oil seeds (7), as last amended by Regulation (EEC) No
 COMMUNITIES,                                                             2984/77 (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 136/66/EEC
                                                                         — in the case of currencies which are maintained in
 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 Commission Regulation (EEC) No 1443/77                      This Regulation shall enter into force on 1 January
 of 30 June 1977 fixing the amount of the subsidy on                     1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 30 December 1977.
                                                                                    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 .
(«)  OJ   No L 357, 28 .   12. 1973 , p. 6.
(5)  OJ   No L 236, 24 .   8 . 1973 , p. 28 .                           ( 7) OJ No L 161 , 1 . 7. 1977, p. 31 .
(<>) OJ   No L 143 , 10 .  6 . 1977, p. 9 .                             (8) See page 30 of this Official Journal .
 ---pagebreak--- 31 . 12. 77                                  Official Journal of the European Communities                                                            No L 351 /33
                                                                         ANNEX
            World market price applicable from 1 January 1978 for colza and rape seed (CCT heading
                                                                      No ex 12.01 )
                                                                                                                                     u.a/100 kg !'')
            World        market price                                                                                                   2 10 15
            World        market price where the subsidy is fixed in advance :
            — for        the month of January 1978                                                                                      21 015
            — for        the month of February 1978                                                                                     21 01 5
            — for the month of March 1978                                                                                               20-877
            — for the month of April 1978                                                                                               20-877
            — for the month of May 1978                                                                                                 20-416
            — for the month of June 1978                                                                                                20-416
            (') 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           31 5665
                1  u.a . =  Fl           3-35507
                1  u.a . -  Bfr/ Lfr    48-6572
                1  u.a . =  FF           6-98602
                1  u.a . -
                            Dkr          8-56656
                1  u.a . =  £            0-780994
                1  u.a . -  I £          0-780994
                I  u.a . =  Lit      1 276-89