CELEX: 31978R2565
Language: en
Date: 1978-11-01 00:00:00
Title: Commission Regulation (EEC) No 2565/78 of 31 October 1978 fixing the aid for castor seeds

1 . 11 . 78                            Official Journal of the European Communities                         No L 307/55
                                  COMMISSION REGULATION (EEC) No 2565/78
                                                     of 31 October 1978
                                               fixing the aid for castor seeds
THE COMMISSION OF THE EUROPEAN                                   Whereas offers and prices which do not satisfy these
COMMUNITIES,                                                     conditions must be adjusted in accordance with
                                                                 Article 2 of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European             2290/78 of 28 September 1978 laying down detailed
Economic Community,                                               rules for the application of the special measures for
                                                                 castor seeds (5) ;
Having regard to Council Regulation (EEC) No
2874/77 of 19 December 1977 laying down special                  Whereas Article 2 of Regulation (EEC) No 1853/78
measures in respect of castor seeds (*), and in parti­            provides that where no offer or price can be used to
cular' Article 2 (5) thereof,
                                                                  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 kg of castor seed
specifies that aid shall be granted in respect of castor          less the amount of the cost of processing the seed into
seeds when the guide price for a marketing year is                oil and oil-cake shall be used ;
higher than the world market price ; whereas this aid
is to be equal to the difference between these two
prices ;                                                          Whereas Article 3 of Regulation (EEC) No 1853/78
                                                                  provides that where no offer or price can be used to
Whereas the guide price has been fixed by Council                 determine the world market price for castor seed and,
Regulation (EEC) No 1296/78 of 6 June 1978 fixing                 further, it is impossible to establish the value of the
the guide price for castor seed for the 1978/79                   oil-cake or oil processed from such seed, the world
marketing year (2) ;                                              market price shall be equal to the guide price for
                                                                  castor seed ;
Whereas the world market price is determined for
seed in bulk delivered to Rotterdam of the standard
quality for which the guide price was fixed ;                     Whereas in order to permit the aid system to function
                                                                  smoothly the following conversion rates should be
                                                                  used :
Whereas Council Regulation (EEC) No 1853/78 of 25
July 1978 adopting general rules in connection with
special measures for castor seeds (3) provides that the           — for currencies the exchange rates for which are
world market "price shall be determined on the basis                   kept at any given moment within a maximum
of the actual most favourable purchasing possibilities                 spread of 2-25 % , a conversion rate calculated
disregarding offers and prices which cannot be consid­                 from their actual parity,
ered as representative of the actual market trend ;
                                                                  — for the other currencies a conversion rate calcu­
                                                                       lated from the arithmetical mean of the spot
Whereas in determining the world market price                          market rates of each of these currencies, recorded
account is to be taken only of the offers made on the
                                                                       over a given period, against the Community
world market for delivery during the most representa­
                                                                       currencies indicated in the preceding indent ;
tive period for the sale of seed of Community origin
and of the prices quoted for delivery during the same
 period on the major international exchanges ; whereas            Whereas the aid must be fixed once a month, and in
the most representative period for the sale of seed of            such a way that it can be applied from the first day of
Community origin has been fixed by Commission                     the month following the date of fixing ; whereas it
Regulation (EEC) No 2308/78 of 2 October 1978                     may be altered between fixing ;
determining for the marketing year 1978 /79 the most
representative period for the sale of Community castor
seeds (4) ;                                                       Whereas the measures provided for in this Regulation
                                                                  are in accordance with the opinion of the Manage­
(>) OJ   No L 332, 24. 12. 1977, p. 1 .                           ment Committee for Oils and Fats,
(2) OJ   No L 160, 17. 6. 1978, p. 7.
(>) OJ   No L 212, 2. 8 . 1978, p. 1 .
(4) OJ   No L 278, 3 . 10. 1978, p. 24.                           (5) OJ No L 275, 30 . 9 . 1978 , p. 83 .
 ---pagebreak--- No L 307/ 56                    Official Journal of the European Communities                            1 . 11 . 78
HAS ADOPTED THIS REGULATION :                                                    Article 2
                      Article 1
The aid referred to in Article 2 of Regulation (EEC)
No 2874/77 shall be 20.753 units of account per 100        This Regulation shall enter into force on 1 November
kilograms.                                                 1978 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 31 October 1978 .
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President