CELEX: 31979R1672
Language: en
Date: 1979-08-01 00:00:00
Title: Commission Regulation (EEC) No 1672/79 of 31 July 1979 fixing the world market price for colza and rape seed

No L 193 /36                              Official Journal of the European Communities                             1 . 8 . 79
                                      COMMISSION REGULATION (EEC) No 1672/79
                                                          of 31 July 1979
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                      seeds (7), as last amended by Regulation (EEC) No
COMMUNITIES,                                                         1671 /79 (8);
 Having regard to the Treaty establishing the European              Whereas, if the price system is to operate normally,
 Economic Community,                                                the world market price should be calculated on the
                                                                    following basis :
 Having regard to Council Regulation No 136/66/EEC
of 22 September 1966 on the establishment of a                      — in the case of currencies which are maintained in
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
 590/79 (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 852/78 (4),                                       in the previous indent ;
 Having regard to Commission Regulation (EEC) No                    Whereas it follows from applying these provisions
2300/73 of 23 August 1973 laying down detailed                       that the world market price for colza and rape seed
rules for applying differential amounts for colza and               should be as set out in the Annex hereto,
rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No
 1 234/77 (6), and in particular Article 9 (4) thereof,              HAS ADOPTED THIS REGULATION :
 Having regard to the opinion of the Monetary
Committee,                                                                                    Article 1
Whereas, pursuant to Article 9 (4) of Regulation (EEC)              The world market price referred to in Article 9 (4) of
 No 2300/73, the Commission must determine the                       Regulation (EEC) No 2300/73 shall be as set out in
                                                                     the Annex hereto .
world market price for colza and rape seed ;
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 1400/79                   This Regulation shall enter into force on 1 August
of 5 July 1979 fixing the amount of the subsidy on oil               1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
                Done at Brussels, 31 July 1979 .
                                                                               For the Commission
                                                                                Finn GUNDELACH
                                                                                   Vice-President
(') OJ No 172, 30 . 9 . 1966, p. 3025/66.
(2) OJ   No  L 78 , 30 . 3 . 1979, p. 1 .
(3) OJ   No  L 167, 25. 7. 1972, p. 9 .
(4) OJ   No  L 116, 28 . 4. 1978 , p. 6.
(5) OJ   No  L 236, 24. 8 . 1973, p. 28 .                           (7) OJ No L 168, 6. 7. 1979, p. 10.
(6) OJ   No  L 143, 10 . 6 . 1977, p. 9 .                           (8) See page 34 of this Official Journal.
 ---pagebreak--- 1 . 8 . 79                                      Official Journal of the European Communities                                                       No L 193/37
                                                                            ANNEX
                   to the Commission Regulation of 31 July 1979 fixing the world market price for colza and
                                                                           rape seed
                                                                                                                                            (ECU / 100 kg) (')
               CCT
              heading                                    Description                                                     World market price
                No
         ex 12.01           Colza and rape seed                                                                                22.460
                                                                                                                                            (ECU / 100 kv)(')
                                                                                                 World market price where the subsidy
               CCT                                                                                is fixed in advance for the month of
              heading                        Description
                No
                                                                             August      September        October      November     December       January
                                                                              1979          1979             1979         1979         1979         1980
         ex 12.01           Colza and rape seed                             22.460        22-460          22-497        22-624      22-624        23.042
         (') The conversion rates from ECU into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300/73 are the following :
             1 ECU = DM              2.51064
             1 ECU = F1              2.72077
             1 ECU = Bfr/ Lfr       39.4582
             1 ECU - FF              5.79831
             1 ECU = Dkr             7.08592
             I ECU = I £             0.662638
             1 ECU = £               0.599229
             I ECU = Lit         1 119.94