CELEX: 31987R2320
Language: en
Date: 1987-08-01 00:00:00
Title: Commission Regulation (EEC) No 2320/87 of 31 July 1987 fixing the aid for soya beans

No L 210/36                               Official Journal of the European Communities                                   1 . 8 . 87
                                          COMMISSION REGULATION (EEC) No 2320/87
                                                            of 31 July 1987
                                                    fixing the aid for soya beans
  THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         world market price is to be fixed per 100 kilograms and
                                                                      calculated on the basis of the most favourable offers and
                                                                      quotations for delivery within 30 days following the date
  Having regard to the Treaty establishing the European               when the said offers and quotations were recorded ;
  Economic Community,
                                                                      Whereas, where the offers and quotations do not comply
  Having regard to the Act of Accession of Spain and                  with the said conditions, the necessary adjustments must
  Portugal,                                                           be carried out, particularly those referred to in Article 2 of
                                                                       Regulation (EEC) No 2329/85 ;
  Having regard to Council Regulation (EEC) No 1491 /85               Whereas, if the said system is to operate normally, aid
  of 23 May 1985 laying down special measures in respect              should be calculated on the following basis :
  of soya beans ('), and in particular Article 2 (7) thereof,
                                                                      — in the case of currencies which are maintained in rela­
  Having regard to the opinion of the Monetary Committee,                  tion to each other at any given moment within a band
                                                                           of 2,25 %, a rate of exchange based on their central
                                                                           rate, multiplied by the corrective factor provided for in
  Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No              the last paragraph of Article 3 ( 1 ) of Council Regula­
   1491 /85, aid is to be granted for soya beans harvested                 tion (EEC) No 1676/85 (*), as last amended by Regula­
  within the Community where the guide price for a                       . tion (EEC) No 1636/87 0 ;
  marketing year exceeds the world price ; whereas the said           — for other currencies, an exchange rate based on the
  aid is to be equal to the difference between those two                   arithmetic mean of the spot market rates of each of
  prices ;                                                                 these currencies recorded over a given period in rela­
                                                                            tion to the Community currencies referred to in the
                                                                            previous indent, and the aforesaid coefficient ;
  Whereas the guide price for soya beans for the 1986/87
  marketing year was fixed by Council Regulation (EEC)
  No 1461 /86 0 ; whereas pursuant to Articles 95 (2) and             Whereas the aid rate applying during the marketing year
  293 (2) of the Act of Accession of Spain and Portugal aid            shall be fixed twice a month in time to be applied from
  for soya beans harvested in these two Member States is to            the first and the 1 6th day of each month ;
  be introduced in accordance with the provisions of para­
  graphs 2 and 3 of the said Articles from the beginning of           Whereas it follows from applying these provisions to the
  the 1986/87 marketing year ;                                         offers and quotations known to the Commission that the
                                                                       subsidy on soya beans should be as set out in this Regula­
                                                                       tion,
  Whereas, pursuant to Council Regulation (EEC) No
  2194/85 of 25 July 1985 adopting general rules concer­
. ning special measures for soya beans (3), the world price
  for soya beans is to be determined on the basis of the
  most favourable actual purchasing possibility, with the              HAS ADOPTED THIS REGULATION :
  exception of offers and prices which may not be consi­
  dered as representative of the actual market trend ;
  whereas acccount is to be taken of offers made on the
  world market as well as the prices quoted on exchanges                                         Article 1
  which are important in terms of international trade ;
                                                                       The aid referred to in Article 2 of Regulation (EEC) No
                                                                       1491 /85 is hereby fixed in the Annex.
  Whereas, pursuant to Commission Regulation (EEC) No
  2329/85 of 12 August 1985 laying down detailed rules for
  the application of the special measures for soya beans (4),
  as last amended by Regulation (EEC) No 2290/87 0, the                                          Article 2
  (') OJ  No  L 151 , 10. 6. 1985, p. 15.                              This Regulation shall enter into force on 1 August 1987.
  (2) OJ  No  L 133,  21 . 5. 1986, p. 18 .
   3  JO  No  L 204,  2. 8 . 1985, p. 1 .
  (4) OJ  No  L 218 , 15. 8 . 1985, p. 16.                             0s) OJ No L 164, 24. 6. 1985, p. 1 .
  0   OJ  No  L 209,  31 . 7. 1987, p. 37.                             0 OJ No L 153, 13 . 6. 1987, p. 1 .
 ---pagebreak--- 1 . 8 . 87                       Official Journal of the European Communities                           No L 210/37
           This Regulation shall be binding in its entirety and directly applicable in all Member
           States .
            Done at Brussels, 31 July 1987.
                                                                   For the Commission
                                                                    Frans ANDRIESSEN
                                                                       Vice-President
                                                     ANNEX
                                                Aid (or soya beans
                                                                                           (ECU/100 kg)
           \                                                         Seed harvested in
                                                                                       another Member
                                                            Spain        Portugal            State
             Seed processed in :
             — Spain                                         1,690        39,909           39,909
             — Portugal                                    24,699          0,000           39,909
             — another Member State                        24,669         39,909           39,909