CELEX: 31989R0521
Language: en
Date: 1989-03-01 00:00:00
Title: Commission Regulation (EEC) No 521/89 of 28 February 1989 fixing the aid for soya beans

1 . 3. 89                               Official Journal of the European Communities                                No L 58 /39
                                    COMMISSION REGULATION (EEC) No 521/89
                                                     of 28 February 1989
                                                fixing the aid for soya beans
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       acccount is to be taken of offers made on the world
                                                                  market as well as the prices quoted on exchanges which
Having regard to the Treaty establishing the European             are important in terms of international trade ;
Economic Community,
                                                                  Whereas, pursuant to Commission Regulation (EEC) No
Having regard to the Act of Accession of Spain and                2329/85 of 12 August 1985 laying down detailed rules for
Portugal,                                                         the application of the special measures for soya beans Q,
                                                                  as last amended by Regulation (EEC) No 2674/88 (8), the
Having regard to Council Regulation (EEC) No 1491 /85             world market price is to be fixed per 100 kilograms and
                                                                   calculated on the basis of the most favourable offers and
of 23 May 1985 laying down special measures in respect
of soya beans ('), as last amended by Regulation (EEC) No          quotations for delivery within 30 days following the date
2217/88 (2), and in particular Article 2 (7) thereof,             when the said offers and quotations were recorded ;
Having regard to Council Regulation 2286/88 of 19 July             Whereas, where the offers and quotations do not comply
 1988 providing for the granting of special aid for soya           with the said conditions, the necessary adjustments must
beans produced and processed in Portugal (3),                      be carried out, particularly those referred to in Article 2 of
                                                                   Regulation (EEC) No 2329/85 ;
Having regard to the opinion of the Monetary Committee,
                                                                   Whereas the abatement of the subsidy for soya beans
Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No         which arises from the system of maximum guaranteed
 1491 /85, aid is to be granted for soya beans harvested           quantities for the 1988/89 marketing year has been fixed
within the Community where the guide price for a                   by Commission Regulation (EEC) No 3404/88 (s) ;
 marketing year exceeds the world price ; whereas the said
aid is to be equal to the difference between those two
                                                                   Whereas, if the said system is to operate normally, aid
 prices ;                                                          should be calculated on the following basis :
Whereas the guide price for soya beans for the 1988/ 1989
 marketing year was fixed by Council Regulation (EEC)              — in the case of currencies which are maintained in rela­
 No 2219/88 (4) ; whereas pursuant to Articles 95 (2) and               tion to each other at any given moment within a band
 293 (2) of the Act of Accession of Spain and Portugal aid              of 2,25 %, a rate of exchange based on their central
 for soya beans harvested in these two Member States is to              rate, multiplied by the corrective factor provided for in
 be introduced in accordance with the provisions of para­               the last paragraph of Article 3 (1 ) of Council Regula­
 graphs 2 and 3 of the said Articles from the beginning of              tion (EEC) No 1676/85 (10), as last amended by Regu­
 the 1986/87 marketing year ;                                           lation (EEC) No 1636/87 (");
                                                                   — for other currencies, an exchange rate based on the
 Whereas, pursuant to Article I of Regulation (EEC) No                  arithmetic mean of the spot market rates of each of
 2286/88, soya beans produced and processed in Portugal                 these currencies recorded over a given period in rela­
 shall be eligible for special aid equal to the difference              tion to the Community currencies referred to in the
 between the guide price for such beans in Portugal and                 previous indent, and the aforesaid coefficient ;
 the price of imported soya beans.
                                                                   Whereas the aid shall be fixed as often as the market situ­
 Whereas, pursuant to Council Regulation (EEC) No                  ation so requires and so that it can be applied at least
 2194/85 of 25 July 1985 adopting general rules concer­            twice a month, one of which times shall be from the first
 ning special measures for soya beans J5), as last amended         day of each month ;
 by Regulation (EEC) No 3555/88 (% the world price for
 soya beans is to be determined on the basis of the most
 favourable actual purchasing possibility, with the excep­         Whereas it follows from applying these provisions to the
 tion of offers and prices which may not be considered as          offers and quotations known to the Commission that the
 representative of the actual market trend ; whereas               subsidy on soya beans should be as set out in this Regula­
                                                                    tion,
 (') OJ No L 151 , 10. 6. 1985, p. 15.
 (2) OJ No L 197, 26. 7. 1988, p. 11 .                             0 OJ     No L 218, 15. 8.   1985, p. 16.
 M OJ No L 201 , 27. 7. 1988, p. 2.                                (8) OJ   No L 239, 30. 8 .  1988, p. 19.
 (<) OJ No L 197, 26. 7. 1988 , p. 14.                             0 OJ     No L 299, 1 . 11 . 1988, p. 58.
 M OJ No L 204, 2. 8. 1985, p. 1 .                                 H OJ      No L 164, 24. 6.   1985, p. 1 .
 (') OJ No L 311 , 17. 11 . 1988, p. 7.                            (") OJ    No L 153, 13 . 6.  1987, p. 1 .
 ---pagebreak--- No L 58/40                          Official Journal of the European Communities                                  1.-3. 89
HAS ADOPTED THIS REGULATION :                                  for in Article 1 of Regulation (EEC) No 2286/88 in the
                                                               case of Portugal shall be as set out in the Annex hereto.
                          Article 1
                                                                                           Article 2
The amount of the aid provided for in Regulation (EEC)
No 1491 /85 and the amount of the special aid provided         This Regulation shall enter into force on 1 March 1989.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
              Done at Brussels, 28 February 1989.
                                                                        For the Commission
                                                                          Ray MAC SHARRY
                                                                     Member of the Commission
                                                        ANNEX
                                                  Aid for soya beans
                                                                                                  (ECU/100 kg)
                                                                           Seed harvested in
                                                                                              another Member
                                                               Spain           Portugal            State
               Seed processed in :
               — Spain                                         0,000            25,437            25,437
              — Portugal                                      15,127            25,437 0          25,437
               — another Member State                         15,127            25,437            25,437
                                                                         i
               (*) Special aid