CELEX: 31978R2314
Language: en
Date: 1978-10-04 00:00:00
Title: Commission Regulation (EEC) No 2314/78 of 3 October 1978 fixing the aid for castor seeds

4. 10. 78                           Official Journal of the European Communities                          No L 279 / 5
                               COMMISSION REGULATION (EEC) No 2314/78
                                                  of 3 October 1978
                                            fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                 representative period for the sale of Community castor
COMMUNITIES,                                                  seeds (4) ;
Having regard to the Treaty establishing the European         Whereas offers and prices which do not satisfy these
Economic Community,
                                                               conditions must be adjusted in accordance with
                                                              Article 2 of Commission Regulation (EEC) No
Having regard to Council Regulation (EEC) No                   2290/78 of 28 September 1978 laying down detailed
2874/77 of 19 December 1977 laying down special                rules for the application of the special measures for
measures in respect of castor seeds ( l), and in parti­        castor seeds (5) ;
cular Article 2 (5) thereof,
                                                               Whereas Article 2 of Regulation (EEC) No 1853/78
Having regard to the opinion of the Monetary                   provides that where no offer or price can be used to
Committee;
                                                               determine the world market price of castor seed it
                                                               shall be determined on the basis of the offers and
Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77         prices on the world or Community markets for castor
specifies that aid shall be granted in respect of castor       oil and oil-cake ; whereas for this purpose the value of
seeds when the guide price for a marketing year is             the average quantities of oil and oil-cake obtained in
higher than the world market price ; whereas this aid          the Community from processing 100 kg of castor seed
is to be equal to the difference between these two             less the amount of the cost of processing the seed into
prices ;                                                       oil and oil-cake shall be used ;
Whereas the guide price has been fixed by Council              Whereas Article 3 of Regulation (EEC) No 1853/78
Regulation (EEC) No 1296/78 of 6 June 1978 fixing              provides that where no offer or price can be used to
the guide price for castor seed for the 1978 /79               determine the world market price for castor seed and,
marketing year (2) ;                                           further, it is impossible to establish the value of the
                                                               oil-cake or oil processed from such seed, the world
Whereas the world market price is determined for               market price shall be equal to the guide price for
seed in bulk delivered to Rotterdam of the standard            castor seed ;
quality for which the guide price was fixed ;
                                                               Whereas in order to permit the aid system to function
Whereas Council Regulation (EEC) No 1853/78 of 25              smoothly the following conversion rates should be
July 1978 adopting general rules in connection with            used :
special measures for castor seeds (3) provides that the
world market price shall be determined on the basis
of the actual most favourable purchasing possibilities         — for currencies the exchange rates for which are
disregarding offers and prices which cannot be consid­              kept at any given moment within a maximum
ered as representative of the actual market trend ;                spread of 2-25 % , a conversion rate calculated
                                                                    from their actual parity,
Whereas in determining the world market price                  — for the other currencies a conversion rate calcu­
account is to be taken only of the offers made on the               lated from the arithmetical mean of the spot
world market for delivery during the most representa­               market rates of each of these currencies, recorded
tive period for the sale of seed of Community origin                over a given period, against the Community
and of the prices quoted for delivery during the same               currencies indicated in the preceding indent ;
period on the major international exchanges ; whereas
the most representative period for the sale of seed of
Community origin has been fixed by Commission                  Whereas the aid must be fixed once a month, and in
Regulation (EEC) No 2308/78 of 2 October 1978                   such a way that it can be applied from the first day of
determining for the marketing year 1978/79 the most             the month following the date of fixing ; whereas it
                                                                may be altered between fixing ;
O OJ No L 332, 24. 12. 1977, p. 1 .
(2) OJ No L 160, 17. 6. 1978, p. 7.                            (4) OJ No L 278 , 3 . 10 . 1978 , p. 24.
(>) OJ No L 212, 2. 8. 1978, p. 1 .                            (5) OJ No L 275, 30. 9. 1978, p. 83.
 ---pagebreak--- No L 279 / 6                    Official Journal of the European Communities                              4 . 10 . 78
Whereas the measures provided for in this Regulation                                Article 2
are in accordance with the opinion of the Manage­
ment Committee for Oils and Fats,
HAS ADOPTED THIS REGULATION :                               This Regulation shall enter into force on the day of its
                                                            publication in the Official Journal of the European
                                                            Communities.
                      Article I
The aid referred to in Article 2 of Regulation (EEC)
No 2874/77 shall be 21.359 units of account per 100
kilograms.                                                  It shall apply with effect from 1 October 1978 .
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 3 October 1978 .
                                                                      For the Commission
                                                                       Finn GUNDELACH
                                                                          Vice-President