CELEX: 31979R2422
Language: en
Date: 1979-11-01 00:00:00
Title: Commission Regulation (EEC) No 2422/79 of 31 October 1979 fixing the aid for castor seeds

No L 275/60                            Official Journal of the European Communities                              1 . 11 . 79
                                  COMMISSION REGULATION (EEC) No 2422/79
                                                      of 31 October 1979
                                                fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                     Whereas offers and prices which do not satisfy these
 COMMUNITIES,                                                      conditions must be adjusted in accordance with
                                                                   Article 2 of Commission Regulation (EEC) Nc
 Having regard to the Treaty establishing the European             2081 /79 ;
 Economic Community,
                                                                  Whereas Article 2 of Regulation (EEC) No 1853/78
 Having regard to Council Regulation (EEC) No                      provides that where no offer or price can be used tc
 2874/77 of 19 December 1977 laying down special                   determine the world market price of castor seed il
 measures in respect of castor seeds (1), and in parti­            shall be determined on the basis of the offers and
cular Article 2 (5) thereof,                                       prices on the world or Community markets for castoi
                                                                   oil and oil-cake ; whereas for this purpose the value ol
 Having regard to the opinion of the Monetary                      the average quantities of oil and oil-cake obtained in
 Committee,                                                        the Community from processing 100 kilograms ol
                                                                   castor seed less the amount of the cost of processing
                                                                   the seed into oil and oil-cake shall be used ;
Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77
specifies that aid shall be granted in respect of castor
seeds when the guide price for a marketing year is                Whereas Article 3 of Regulation (EEC) No 1853/78
higher than the world market price ; whereas this aid              provides that where no offer or price can be used to
is to be equal to the difference between these two                 determine the world market price for castor seed and,
prices ;                                                           further, it is impossible to establish the value of the
                                                                   oil-cake or oil processed from such seed, the world
Whereas the guide price has been fixed by Council                  market price shall be equal to the guide price for
                                                                  castor seed ;
Regulation (EEC) No 1608/79 of 24 July 1979 fixing
the guide price for castor seed for the 1979/80
marketing year (2) ;                                              Whereas, if the aid system is to operate normally, it
                                                                   should be calculated on the following basis :
Whereas the world market price is determined for
seed in bulk delivered to Rotterdam of the standard               — in the case of currencies which are maintained in
quality for which the guide price was fixed ;                          relation to each other at any given moment within
                                                                       a band of 2-25 % , a rate of exchange based on
Whereas Council Regulation (EEC) No 1853/78 of 25                      their effective parity ;
July 1978 adopting general rules in connection with               — for other currencies, an exchange rate based on the
special measures for castor seeds (3) provides that the                arithmetic mean of the spot market rates of each
world market price shall be determined on the basis                    of these currencies recorded for a given period in
of the actual most favourable purchasing possibilities                 relation to the Community currencies referred to
disregarding offers and prices which cannot be consid­                 in the previous indent ;
ered as representative of the actual market trend ;
                                                                  Whereas Council Regulation (EEC) No 652/79 of 29
Whereas in determining the world market price                     March 1979 (5) laid down the coefficient for
account is to be taken only of the offers made on the             expressing amounts, fixed in units of account, in
world market for delivery during the most representa­              ECU ;
tive period for the sale of seed of Community origin
and of the prices quoted for delivery during the same
period on the major international exchanges ; whereas             Whereas the aid must be fixed once a month, and in
the most representative period for the sale of seed of            such a way that it can be applied from the first day of
Community origin has been fixed by Commission                     the month following the date of fixing ; whereas it
Regulation (EEC) No 2081 /79 of 26 September 1979                  may be altered between fixing ;
laying down detailed rules for the application of the
special measures for castor seeds (4) ; -                         Whereas the measures provided for in this Regulation
                                                                   are in accordance with the opinion of the Manage­
(') OJ No  L 332, 24. 12. 1977, p. 1 .                             ment Committee for Oils and Fats,
(2) OJ No  L 190, 28 . 7. 1979 , p. 1 .
(3) OJ No  L 212, 2. 8 . 1978, p. 1 .
(4) OJ No  L 244, 27. 9 . 1979, p. 11 .                           (5) OJ No L 84, 4. 4. 1979, p. 1 .
 ---pagebreak--- 1 . 11 . 79                     Official Journal of the European Communities                     No L 275/61
HAS ADOPTED THIS REGULATION :                                                    Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)       This Regulation shall enter into force force on 1
No 2874/77 shall be 14.565 ECU per 100 kilograms.          November 1979 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 31 October 1979.
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President