CELEX: 31978R2815
Language: en
Date: 1978-12-01 00:00:00
Title: Commission Regulation (EEC) No 2815/78 of 30 November 1978 fixing the aid for castor seeds

1 . 12. 78                               Official Journal of the European Communities                        No L 334/49
                                   COMMISSION REGULATION (EEC) No 2815/78
                                                      of 30 November 1978
                                                 fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                      Whereas offers and prices which do not satisfy these
COMMUNITIES,                                                        conditions must be adjusted in accordance with
                                                                    Article 2 of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European               2290/78 of 28 September 1978 laying down detailed
Economic Community,                                                 rules for the application of the special measures for
                                                                    castor seeds (5) ;
Having regard to Council Regulation (EEC) No
2874/77 of 19 December 1977 laying down special
measures in respect of castor seeds (J), and in parti­              Whereas Article 2 of Regulation (EEC) No 1853/78
cular Article 2 (5) thereof,                                        provides that where no offer or price can be used to
                                                                    determine the world market price of castor seed it
                                                                    shall be determined on the basis of the offers and
 Having regard to the opinion of the Monetary                       prices on the world or Community markets for castor
 Committee,
                                                                    oil and oil-cake ; whereas for this purpose the value of
                                                                    the average quantities of oil and oil-cake obtained in
Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77              the Community from processing 100 kg of castor seed
 specifies that aid shall be granted in respect of castor           less the amount of the cost of processing the seed into
 seeds when the guide price for a marketing year is                 oil and oil-cake shall be used ;
 higher than the world market price ; whereas this aid
 is to be equal to the difference between these two
 prices ;                                                           Whereas Article 3 of Regulation (EEC) No 1853/78
                                                                    provides that where no offer or price can be used to
 Whereas the guide price has been fixed by Council                  determine the world market price for castor seed and,
 Regulation (EEC) No 1296/78 of 6 June 1978 fixing                  further, it is impossible to establish the value of the
 the guide price for castor seed for the 1978/79                    oil-cake or oil processed from such seed, the world
 marketing year (2) ;                                               market price shall be equal to the guide price for
                                                                    castor seed ;
 Whereas the world market price is determined for
 seed in bulk delivered to Rotterdam of the standard
 quality for which the guide price was fixed ;                      Whereas in order to permit the aid system to function
                                                                     smoothly the following conversion rates should be
                                                                     used :
 Whereas Council Regulation (EEC) No 1853/78 of 25
 July 1978 adopting general rules in connection with
 special measures for castor seeds (3) provides that the             — for currencies the exchange rates for which are
 world market price shall be determined on the basis                     kept at any given moment within a maximum
 of the actual most favourable purchasing possibilities                  spread of 2-25 % , a conversion rate calculated
  disregarding offers and prices which cannot be consid­                 from their actual parity,
  ered as representative of the actual market trend ;
                                                                     — for the other currencies a conversion rate calcu­
                                                                         lated from the arithmetical mean of the spot
  Whereas in determining the world market price                          market rates of each of these currencies, recorded
  account is to be taken only of the offers made on the
  world market for delivery during the most representa­                  over a given period, against the Community
                                                                         currencies indicated in the preceding indent ;
  tive period for the sale of seed of Community origin
  and of the prices quoted for delivery during the same
  period on the major international exchanges ; whereas              Whereas the aid must be fixed once a month, and in
  the most representative period for the sale of seed of             such a way that it can be applied from the first day of
  Community origin has been fixed by Commission                      the month following the date of fixing ; whereas it
  Regulation (EEC) No 2308/78 of 2 October 1978                      may be altered between fixing ;
  determining for the marketing year 1978/79 the most
  representative period for the sale of Community castor
  seeds (4) ;                                                        Whereas the measures provided for in this Regulation
                                                                     are in accordance with the opinion of the Manage­
  0)  OJ  No  L 332, 24. 12. 1977, p. 1 .                            ment Committee for Oils and Fats,
  0   OJ  No  L 160, 17. 6. 1978, p. 7.
  (») OJ  No  L 212, 2. 8 . 1978, p. 1 .
  (4) OJ  No  L 278, 3. 10. 1978, p. 24.                             (5) OJ No L 275, 30. 9. 1978 , p. 83 .
 ---pagebreak--- No L 334/50                     Official Journal of the European Communities                           1 . 12. 78
HAS ADOPTED THIS REGULATION :                                                    Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)
No 2874/77 shall be 22-234 units of account per 100        This Regulation shall enter into force on 1 December
kilograms.                                                 1978 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 30 November 1978.
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President