CELEX: 31973R0704
Language: en
Date: 1973-03-14 00:00:00
Title: Regulation (EEC) No 704/73 of the Commission of 13 March 1973 fixing the amount of the subsidy on oil seeds

No L 67/22                              Official Journal of the European Communities                               14. 3 . 73
                               REGULATION (EEC) No 704/73 OF THE COMMISSION
                                                       of 13 March 1973
                                          fixing the amount of the subsidy on oil seeds
THE COMMISSION OF THE EUROPEAN                                      account should be taken of all offers on the world
COMMUNITIES,                                                        market known to the Commission and of quotations
                                                                    on those exchanges which are significant for inter­
Having regard to the Treaty establishing the Euro­                  national trade ; whereas Article 2 of Commission
pean Economic Community ;                                           Regulation No 225/67/EEC (6) of 28 June 1967 on
                                                                    detailed rules for determining the world market price
Having regard to Council Regulation No 136/66/                      for oil seeds, as last amended by the Act annexed
EEC (*) of 22 September 1966 on the establishment                   to the Treaty on the Accession of new Member States
of a common organization of the market in oils and                  to the European Economic Comunity and the
fats, as last amended by the Act (2) annexed to the                 European Atomic Energy Community, signed at
Treaty (3) on the Accession of new Member States to                 Brussels on 22 January 1972, provides that offers and
the European Economic Community and the Euro­                       quotations which do not relate to shipments to be
pean Atomic Energy Community, signed at Brussels                    effected within 30 days following the date on which
on 22 January 1972, and in particular Article 27 (4)                the world market price is determined should be disre­
thereof ;                                                           garded ; whereas offers and quotations which the
                                                                    Commission believes, in view of general price move­
Having regard to the Opinion of the Monetary                        ments or information available to it, not to be repre­
Committee ;                                                         sentative of the real trend of the market must also
                                                                    be disregarded ; whereas offers and quotations relat­
Whereas Article 27 of Regulation No 136/66/EEC
                                                                    ing to quantities of less than 500 metric tons and of­
provides that a subsidy should be granted in respect
of oil seeds harvested and processed within the Com­
                                                                    fers relating to seed of a quality other than that nor­
                                                                    mally acceptable on the world market must also be
 munity when the target price for a species of seed is
                                                                    disregarded ;
higher than the price on the world market ; whereas
these provisions apply only in respect of colza, rape
and sunflower seeds ;                                               Whereas Article 3 of Regulation No 225/67/EEC pro­
                                                                    vides that of the offers and quotations taken into
Whereas the subsidy on oil seeds should, theoreti­                  consideration, those for delivery c and f should be
cally, be equal to the difference between those two                 increased by 0-2 %» ; whereas offers and quotations
prices ;                                                            for delivery fas, fob or otherwise should be in­
                                                                    creased, as appropriate, by loading, transport and
 Whereas the target price for each species of seed was              insurance costs from the point of shipment or load­
 fixed by Council Regulation (EEC) No 1331/72 (4)                   ing to the frontier crossing point ; whereas cif offers
 of 27 June 1972 fixing target and basic intervention               and quotations for frontier crossing points other
 prices for oil seeds for the 1972/73 marketing year ;              than Rotterdam should be adjusted to allow for the
                                                                    difference in transport costs as compared with a pro­
 Whereas Article 29 of Regulation No 136/66/EEC                     duct delivered cif Rotterdam ; whereas the Commis­
 provides that the world market price, calculated for                sion should take account only of the loading, trans­
 a Community frontier crossing point, is to be deter­               port and insurance costs which to its knowledge are
 mined on the basis of the most favourable purchas­                  the lowest ; whereas, finally, offers and quotations
 ing opportunities, quotations being adjusted where                  for delivery cif Rotterdam should be increased by
 necessary to take account of quotations for compet­                0-20 unit of account ;
 ing products ;
 Whereas Article 4 of Council Regulation No 115/67/                  Whereas Article 5 of Regulation No 115/67/EEC pro­
 EEC (5) of 6 June 1967 laying down criteria for de­                 vides that the world market price should be deter­
 termining world market prices for oil seeds and fix­                mined for seed of the standard quality for which the
 ing the frontier crossing point, fixed at Rotterdam ;               target price has been fixed, delivered in bulk ;
 Whereas Article 1 of that Regulation provides chat                  Whereas Article 3 of Regulation No 225/67/EEC pro­
 when the world market price is being determined                     vides that offers and quotations relating to products
                                                                     presented otherwise than in bulk should be ad­
  (l) OJ No  172, 30. 9. 1966, p. 3025/66.                           justed hy deducting the additional value resulting
  (2) OJ No  L 73 , 27. 3 . 1972, p. 14.
  (») OJ No  L 73, 27. 3 . 1972, p. 5.
  (4) OJ No  L 147, 29 . 6. 1972, p. 1 .
  (5) OJ No  111 , 10 . 6. 1967, p . 2196/67.                         (6) OJ No 136, 30. 6. 1967, p. 2919/67.
 ---pagebreak---  14. 3 . 73                        Official Journal of the European Communities                           No L 67/23
from that presentation ; whereas offers and quota­               of oil and oil cake resulting from the processing
tions relating to a quality other than the standard              of the type of seed in question, and
quality for which the target price was fixed should
be adjusted on the basis of the coefficients of equi­        — the difference between the price of 100 kg of one
valence shown in the Annex to that Regulation ;                  or more other seeds, plus processing costs, and
whereas, in the case of offers on the world market               the total of the prices of the quantities of oil and
for qualities of colza and rape seed other than those            oil cake resulting from the processing of these
listed in that Annex, coefficients of equivalence de­            seeds ;
rived from those listed in that Annex may, pursuant
to Article 4 of Regulation No 225/67/EEC, be ap­             Whereas the factors to be taken into consideration
plied ; whereas, when derived coefficients are being         for the purpose of determining that margin are de­
calculated , account must be taken of the differences        fined in Article 8 of Regulation No 225/67/EEC ;
between prices for the qualities of seed in question         whereas no adjustment should be made where the
and prices for the qualities listed in that Annex, and       margin is found to be less than 0-50 unit of ac­
of the characteristics of these various seeds ;              count; whereas Article 6 (2) of Regulation No 115/
                                                             67/EEC provides that, when the amount of the adjust­
                                                             ment is being determined, account should be taken
Whereas Article 2 of Regulation No 115/67/EEC pro­           of the incidence of the margin in question on market­
vides that, where no offer or quotation can be used          ing operations of Community traders and on the dis­
as a basis for determining the world market price,           posal of the various types of seed on the world mar­
that price should be determined on the basis of the          ket ;
value of the average quantities of oil and oil cake
resulting from the processing of 100 kg of seed              Whereas Council Regulation (EEC) No 2114/71 (*)
within the Community less an amount correspond­              of 28 September 1971 on the subsidy for oil seeds,
ing to the cost of processing these seeds into oil and       as amended by Regulation (EEC) No 2730/71 (2),
oil cake ; whereas the quantities and costs to be            laid down rules for granting the subsidy on oil
taken into consideration for the purposes of the cal­        seeds ; whereas under that Regulation, where the
culation are fixed in Article 5 of Regulation No 225/        subsidy to be granted is fixed in advance, the
67/EEC ; whereas the value of those quantities               amount of such subsidy must be equal to the
should be determined in accordance with the provi­           amount applicable on the day on which the applica­
sions of Article 6 of that Regulation ;                      tion for advance fixing was lodged, adjusted by the
                                                             difference between the target price valid on that day
                                                             and the target price valid on the day on which the
Whereas Article 3 of Regulation No 115/67/EEC pro­           seeds are placed under control at an oil mill and,
vides that, where no offer or quotation can be used          where appropriate, a corrective amount ; whereas
as a basis for determining the world market price            Article 36 of Commission Regulation (EEC) No
and where it is, moreover, impossible to establish           1204/72 (3) of 7 June 1972 laying down detailed
the value of the oil or oil cake processed from such         rules for the application of the subsidy system for
seed, the world market price should be determined            oil seeds, as last amended by Regulation ( EEC ) No
on the basis of the most recent known value for oil          688/73 ( 4 ), provides that such adjustment should
or oil cake, adjusted to take account of the trend of        involve increasing or reducing the amount of subsidy
world prices for competing products by applying to           applicable on the day on which the application was
that value the rules set out in Article 2 of Regulation      lodged by the difference between the target price
No 115/67/EEC ; whereas Article 7 of Regulation No           valid during the month during which the seeds were
225/67/EEC defines competing products as those               placed under control at an oil mill and the target
oils or oil cakes, as the case may be, which appear          price valid on the day on which the application was
to have been offered in the largest quantities on the        lodged ;
world market during the period under considera­
tion ;
                                                             Whereas Article 38 of Regulation (EEC) No 1204/72
                                                             provides that the corrective amount must be equal
                                                             to the difference between the world market price for
Whereas Article 6 ( 1 ) of Regulation No 115 /67/EEC         colza, rape and sunflower seeds and the forward
provides that, when the world market price of a              price for those seeds valid for a shipment effected
type of seed is being determined, the price used             during the month in which the seeds were placed
should be adjusted by an amount not exceeding the            under control at an oil mill, those prices being deter­
margin between :                                             mined in accordance with Articles 1 , 4 and 5 of Reg­
— the difference between the price of 100 kg of              i1) OJ  No   L 222, 2. 10. 1971 , p. 2 .
                                                             (2) OJ  No   L 282, 23 . 12. 1971 , p. 18,
    colza, rape or sunflower seeds, plus processing          (3) OJ  No   L 133 , 10. 6. 1972, p. 1 .
    costs, and the total of the prices of the quantities     (4) OJ  No   L 66 , 13 . 3 . 1973 , p. 20 .
 ---pagebreak--- No L 67/24                        Official Journal of the European Communities                           14. 3 . 73
ulation 115/67/EEC ; whereas, if no offer and no             case of pre-fixation for the months of July and Aug­
price can be used for such determination, the                ust 1973 the amount of subsidy on these products has
method of calculation provided for in Article 38 of          been obtainable only on the basis of the indicative
Regulation (EEC) No 1204/72 should be used ;                 price for the months of July and August 1972, this
whereas the abovementioned difference may be                 amount may, therefore, be applied only on a tem­
adjusted pursuant to Article 39 of Regulation (EEC)          porary basis and should be confirmed or replaced
No 1204/72, account being taken of prices for soya           when the indicative price for the 1973/74 marketing
seeds on the world market ;                                  year is known ;
Whereas the subsidy should be fixed whenever the             Whereas it follows from applying all these provi­
market situation makes it necessary and in such a            sions to the offers and quotations known to the
way as to ensure its being applied at least once a           Commission that the subsidy on colza, rape and sun­
                                                             flower seeds should be fixed as shown in the Table
week ;
                                                             annexed to this Regulation ;
Whereas Article 34 of Regulation (EEC) No 1204/72
provides that the subsidy fixed previously should be
retained if the variation in the factors used to calcu­      HAS ADOPTED THIS REGULATION :
late it entails an increase or reduction in that sub­
                                                                                     Article 1
sidy of less than 0-10 unit of account ; whereas the
subsidy may be altered whenever it becomes obvious            1.    The amount of the subsidy referred to in Article
that such alteration is necessary ;                          27 of Regulation No 136/66/EEC is hereby fixed as
                                                             shown in the Table annexed to this Regulation.
Whereas, if the subsidy system is to operate normally,
the subsidy should be calculated on the basis of an          2.     The amount of the subsidy for the months of
exchange rate which is based, in the case of currencies      July and August 1973 will, however, as for colza and
which are floating or whose central rate differs from        rape seeds, be confirmed or replaced as from 14
the official parity, on the effective rate or the            March to take into account the indicative price which
central rate of these currencies and, in the case of         is fixed for these products for the 1973/74 market­
the US dollar, on the change in parity announced             ing year.
on 13 February 1973 ;                                                                Article 2
Whereas in the absence of the indicative price for the       This Regulation shall enter into force on 14 March
 1973/74 marketing year for colza and rape seed in           1973 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
              Done at Brussels, 13 March 1973 .
                                                                       For the Commission
                                                                         P.J. LARDINOIS
                                                                   Member of the Commission
 ---pagebreak--- 14. 3 . 73                              Official Journal of the European Communities                                       No L 67/25
                                                                ANNEX
           to the Commission Regulation of 13 March 1973 fixing the amount of the subsidy on oil seeds
           Subsidy applicable from 14 March 1973 to colza and rape seeds ( CCT heading No ex 12.01 )
                                  and sunflower seeds ( CCT heading No ex 12.01 ) (u.a./lOO kg)
                                                                              Colza and rape seed           Sunflower seed
           Subsidy                           '                                             4-537                  4-960
           Subsidy in the case of advance fixing ( J )
           — for the month of March                                                        4-537                  4-960
           — for the month of April                                                        5-988                  4-925
           — for the month of May                                                          5-988                  4-855
           — for the month of June                                                         6-071                  4-820
           — for the month of July                                                         4-754                     —
           — for the month of August                                                       4-837                     —
           0) Advance fixing of the subsidy is suspended in accordance with Regulation ( EEC ) No 646/73 ( OJ No L 61 ,
              7. 3 . 1973 , p. 17) as amended by Regulation ( EEC ) No 701 / 73 (see p. 17 of this Official Journal)