CELEX: 31978R2488
Language: en
Date: 1978-10-26 00:00:00
Title: Commission Regulation (EEC) No 2488/78 of 25 October 1978 fixing the world market price for colza and rape seed

No L 299/20                              Official Journal of the European Communities                           26. 10 . 78
                                   COMMISSION REGULATION (EEC) No 2488/78
                                                       of 25 October 1978
                                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,                                                       2487/78 (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
                                                                   — in the case of currencies which are maintained in
of 22 September 1966 on the establishment of a
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
 1419/78 (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 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               HAS ADOPTED THIS REGULATION :
 1 234/77 (6), and in particular Article 9 (4) thereof,
Having regard to the opinion of the Monetary                                                 Article 1
Committee,
                                                                   The world market price referred to in Article 9 (4) of
Whereas, pursuant to Article 9 (4) of Regulation (EEC)             Regulation (EEC) No 2300/73 and the rates to be used
No 2300 /73 , the Commission must determine the                    for converting them into national currencies shall be
world market price for colza and rape seed ;                       as shown in the table annexed to this Regulation .
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 1922/78                  This Regulation shall enter into force on 26 October
of 9 August 1978 fixing the amount of the subsidy on                1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 25 October 1978 .
                                                                              For the Commission
                                                                               Finn GUNDELACH
                                                                                  Vice-President
(») OJ   No  172, 30. 9. 1966, p. 3025/66.
(2) OJ   No L 171 , 28 . 6. 1978, p. 8 .
Q)  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 219, 10 . 8 . 1978, p. 15.
(<) OJ   No L 143, 10.   6. 1977, p. 9.                            (8) See page 18 of this Official Journal .
 ---pagebreak--- 26. 10 . 78                                   Official Journal of the European Communities                                                          No L 299/21
                                                                         ANNEX
            World market price applicable from 26 October 1978 for colza and rape seed (CCT
                                                               heading No ex 12.01 )
                                                                                                                                   u.a. /100 kg (>)
            World market price                                                                                                        17.661
            World market price where the subsidy is fixed in advance :
            — for the month of October 1978                                                                                           17.661
            — for the month of November 1978                                                                                          17.661
            — for the month of December 1978                                                                                          17.661
            — for the month of January 1979                                                                                           17.661
            — for the month of February 1979                                                                                          17.231
            — for the month of March 1979                                                                                             17.231
            (') The conversion rates from units of account into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73
                 are the following :
                1 u.a. - DM              3.03524
                1 UJ. - Fl               3.28928
                1 u*. - Bfr/Lfr         47.7031
                1  u.a. -  FF            6.97496
                1  u.a. -  Dkr           8.56656
                1  u.a. - £              0.824953
                1  u.a. -  I £           0.824953
                1 UA - Lit           1 339.71