CELEX: 31977R0959
Language: en
Date: 1977-05-05
Title: Commission Regulation (EEC) No 959/77 of 4 May 1977 fixing the world market price for colza and rape seed

No L 113 / 22                             Official Journal of the European Communities                               5 . 5 . 77
                                     COMMISSION REGULATION (EEC) No 959/77
                                                          of 4 May 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,                                                        958 /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 of 22 September 1966 on the establishment                   — in the case of currencies which are maintained in
of a common organization of the markets in oils and                       relation to each other, at any given moment,
fats ('), as last amended by Regulation (EEC) No                          within a band of 2-25 % , a rate of exchange based
 1707/73 (2),                                                             on 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
632/75 (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 and the rates to be used
world market price for colza and rape seed ;                         for converting them into national currencies shall be
                                                                     as shown in the table annexed to this Regulation .
Whereas the world market price should be deter­
mined in accordance with the rules and the criteria                                           Article 2
set out in Commission Regulation (EEC) No 1713/76
of 15 July 1976 fixing the amount of the subsidy on                  This Regulation shall enter into force on 5 May 1977.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 4 May 1977.
                                                                                For the Commission
                                                                                 Finn GUNDELACH
                                                                                    Vice-President
(M OJ No 172, 30 . 9 . 1966, p . 3025/ 66 .
(2 ) OJ No L 175, 29 . 6 . 1973 , p . 5 .
(3 ) OJ No L 167, 25 . 7 . 1972, p . 9 .
h) OJ No L 357, 28 . 12. 1973, p. 6.
(5) OJ No L 236 , 24. 8 . 1973 , p . 28 .                            (7) OJ No L 192, 16. 7. 1976, p. 17 .
(") OJ No L 66, 13 . 3 . 1975 , p . 11 .                             (8) See page 20 of this Official Journal .
 ---pagebreak--- 5 . 5 . 77                                Official Journal of the European Communities                                                               No L 113/23
                                                                        ANNEX
           World market price applicable from 5 May 1977 for colza and rape seed (CCT heading No
                                                                        ex 12.01
                                                                                                                                    u.a. /100 ke (')
           World       market price                                                                                                    29-708
           World       market price where the subsidy is fixed in advance :
           — for       the month of May 1977                                                                                           29-708
           — for       the month of June 1977                                                                                          29-708
           — for       the month of July 1977                                                                                          29-634
           — for       the month of August 1977                                                                                        29-634
           — for       the month of September 1977                                                                                     29-634
           — for the month of October 1977                                                                                             26-447
           (') The conversion rates from units of account into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300/7 ?
               are the following :
               1 u.a . =    DM           315665
               1 u.a . -    Fl           3-35507
               1 u.a . =    Bfr/ Lfr    48-6572
               1 u.a . -    FF           6-70214
               1 u.a . =    Dkr          8-13822
               1 u.a . -      £          0-784917
               1 u.a . =    I £          0-784917
               1 u.a . =    Lit      1 197-28