CELEX: 31979R2598
Language: en
Date: 1979-11-24 00:00:00
Title: Commission Regulation (EEC) No 2598/79 of 23 November 1979 fixing the world market price for colza and rape seed

No L 297/ 10                        Official Journal of the European Communities                           24. 11 . 79
                                COMMISSION REGULATION (EEC) No 2598/79
                                                 of 23 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 2589/79 (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 26
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, 23 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.
Ò) OJ No L 116, 28. 4. 1978, p. 6.
(s) OJ No L 236, 24. 8 . 1973, p. 28 .                         i7) OJ No L 275, 1 . 11 . 1979, p. 43.
(<) OJ No L 143, 10. 6. 1977, p. 9.                            (») OJ No L 296, 23. 11 . 1979, p. 24.
 ---pagebreak--- 24 . 11 . 79                                 Official Journal of the European Communities                                                     No L 297/ 1 1
                                                                         ANNEX
                 to the Commission Regulation of 23 November 1979 fixing the world market price for
                                                                 colza and rape seed
                                                                                                                                        (ECU / 100 kg) (1)
              CCT
            heading                                   Description                                                    World market price
               No
        ex 12.01           Colza and rape seed                                                                             22.281
                                                                                                                                        (ECU / 100 kg) (')
                                                                                             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                            22-281       22-281          22-281       22-281       22-640       22.998
          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  -  F1           2.74748
          1  ECU  -  Bfr/ Lfr    39.8456
          1  ECU   - FF           5.85522
          1 ECU   -  Dkr          7.36594
          1 ECU   -  1 £          0.669141
          1 ECU    - £            0.649519
          1 ECU   -  Lit      1 145-13