CELEX: 31981R2847
Language: en
Date: 1981-10-01 00:00:00
Title: Commission Regulation (EEC) No 2847/81 of 30 September 1981 fixing the aid for castor seeds

1 . 10 . 81                           Official Journal of the European Communities                        No L 277/ 59
                                COMMISSION REGULATION (EEC) No 2847/81
                                                   of 30 September 1981
                                              fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                  Regulation (EEC) No 2081 /79 of 26 September 1979
COMMUNITIES,                                                    laying down detailed rules for the application of the
                                                                special measures for castor seeds (4) ;
Having regard to the Treaty establishing the European
Economic Community,                                             Whereas offers and prices which do not satisfy these
                                                                conditions must be adjusted in accordance with Article
                                                                2 of Commission Regulation (EEC) No 2081 /79 ;
Having regard to Council Regulation (EEC) No
2874/77 of 19 December 1977 laying down special
measures in respect of castor seeds ('), and in particular      Whereas Article 2 of Regulation (EEC) No 1853/78
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 kilograms of
specifies that aid shall be granted in respect of castor        castor seed less the amount of the cost of processing
                                                                the seed into oil and oil-cake shall be used ;
seeds when the guide price for a marketing year is
higher than the world market price ; whereas this aid
is to be equal to the difference between these two              Whereas Article 3 of Regulation (EEC) No 1853/78
prices ;                                                        provides that where no offer or price can be used to
                                                                determine the world market price for castor seed and,
                                                                further, it is impossible to establish the value of the
Whereas the guide price has been fixed by Council               oil-cake or oil processed from such seed, the worlds
Regulation (EEC) No 2033/81 of 13 July 1981 fixing              market price shall be equal to the guide price for
the guide price for castor seed for the 1981 /82                castor seed ;
marketing year (2) ;
                                                                Whereas, if the aid system is to operate normally, it
Whereas the world market price is determined for seed           should be calculated on the following basis :
in bulk delivered to Rotterdam of the standard quality
for which the guide price was fixed ;                           — in the case of currencies which are maintained in
                                                                     relation to each other at any given moment within
Whereas Council Regulation (EEC) No 1853/78 of 25                    a band of 2-25 % , a rate of exchange based on
July 1978 adopting general rules in connection with                   their effective parity ;
special measures for castor seeds (3) provides that the
world market price shall be determined on the basis of          — for other currencies, an exchange rate based on the
the actual most favourable purchasing possibilities                   arithmetic mean of the spot market rates of each of
disregarding offers and prices which cannot be consi­                 these currencies recorded for a given period in
dered as representative of the actual market trend ;                  relation to the Community currencies referred to
                                                                      in the previous indent ;
Whereas in determining the world market price
account is to be taken only of the offers made on the            Whereas the aid must be fixed once a month, and in
world market for delivery during the most representa­            such a way that it can be applied from the first day of
tive period for the sale of seed of Community origin             the month following the date of fixing ; whereas it
and of the prices quoted for delivery during the same            may be altered between fixing ;
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 measures provided for in this Regulation
                                                                 are in accordance with the opinion of the Management
                                                                 Committee for Oils and Fats .
(■) OJ No L 332, 24. 12. 1977, p. 1 .
I1) OJ No L 200, 21 . 7. 1981 , p. 9.
(3 OJ No L 212, 2. 8 . 1978 , p . 1 .                             4) OJ No L 244, 27. 9 . 1979 , p . 11 .
 ---pagebreak--- No L 277/60                     Official Journal of the European Communities                          1 . 10 . 81
HAS ADOPTED THIS REGULATION :                                                    Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)       This Regulation shall enter into force on 1 October
No 2874/77 shall be 20-839 ECU per 100 kilograms.          1981 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 30 September 1981 .
                                                                   For the Commission
                                                                     Poul DALSAGER
                                                                Member of the Commission