CELEX: 31979R2540
Language: en
Date: 1979-11-17 00:00:00
Title: Commission Regulation (EEC) No 2540/79 of 16 November 1979 fixing the world market price for colza and rape seed

No L 290/ 18                              Official Journal of the European Communities                           17. 11 . 79
                                       COMMISSION REGULATION (EEC) No 2540/79
                                                        of 16 November 1979
                                   fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       on oil seeds (7), as last amended by Regulation (EEC)
 COMMUNITIES,                                                        No 2509/79 (8) ;
 Having regard to the Treaty establishing the European               Whereas, if the price system is to operate normally,
 Economic Community,                                                 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 of a                       — in the case of currencies which are maintained in
 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
 590/79 (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 indent ;
 Having regard to Commission Regulation (EEC) No                     Whereas it follows from applying these provisions
 2300/73 of 23 August 1973 laying down detailed                      that the world market price for colza and rape seed
 rules for applying differential amounts for colza and               should be as set out in the Annex hereto,
 rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No
 1 234/77 (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 shall be as set out in
                                                                     the Annex hereto .
world market price for colza and rape seed ;
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 2415/79                   This Regulation shall enter into force on             19
 of 31 October 1979 fixing the amount of the subsidy                  November 1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 16 November 1979 .
                                                                                For the Commission
                                                                                 Finn GUNDELACH
                                                                                    Vice-President
(') OJ    No 172, 30. 9 . 1966, p. 3025/66.
(2) OJ    No L 78 , 30 . 3 . 1979 , p. 1 .
(3) 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 275, 1 . 11 . 1979, p. 43.
(6) OJ    No L 143, 10. 6. 1977, p. 9 .                              (8) OJ No L 288, 15. 11 . 1979, p. 16.
 ---pagebreak--- 17. 11 . 79                                  Official Journal of the European Communities                                                     No L 290/ 19
                                                                         ANNEX
                 to the Commission Regulation of 16 November 1979 fixing the world market price for
                                                                 colza and rape seed
                                                                                                                                        (ECU / 100 ke)(')
             CCT
            heading                                   Description                                                    World market price
              No
       ex 12 .01         Colza and rape seed                                                                               22.600
                                                                                                                                        (ECU / 100 kg) (i)
                                                                                             World market price where the subsidy
             CCT                                                                              is fixed in advance for the month of
            heading                       Description
              No                                                        November      December        January       February      March        April
                                                                          1979           1979           1980          1980         1980         1980
      ex 12.01          Colza and rape seed                             22.600        22-600          22-600        22-600      22-600       23.471
      (') The conversion rates from ECU into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73 are the following :
          1 ECU - DM              2.48557
          1 ECU - Fl              2.74748
          1 ECU - Bfr/Lfr        39.8456
          1 ECU - FF              5-85522
          1 ECU - Dkr             7.36594
          1 ECU - I £             0.669141
          1 ECU - £               0-659435
          1 ECU - Lit         1 145.13