CELEX: 31977R2606
Language: en
Date: 1977-11-26 00:00:00
Title: Commission Regulation (EEC) No 2606/77 of 25 November 1977 fixing the world market price for colza and rape seed

No L 302/44                                 Official Journal of the European Communities                           26. 11 . 77
                                        COMMISSION REGULATION (EEC) No 2606/77
                                                          of 25 November 1977
                                     fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                          oil seeds (7), as last amended by Regulation (EEC) No
 COMMUNITIES,                                                            2605/77 (8) ;
 Having regard to the Treaty establishing the European                   Whereas, to enable the price system to operate
 Economic Community,                                                     normally, the world market price should be calculated
                                                                         on the following basis :
 Having regard to Council Regulation No 136/66/EEC
                                                                         — in the case of currencies which are maintained in
 of 22 September 1966 on the establishment of a
 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
  1707/73(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 3477/73 (4),                                         in the previous subparagraph ;
 Having regard to Commission Regulation (EEC) No                         Whereas, applying all these provisions, the world
 2300/73 of 23 August 1973 laying down detailed                          market price for colza and rape seed should be fixed
 rules for applying differential amounts for colza and                   as shown in the table annexed to this Regulation,
 rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No
                                                                         HAS ADOPTED THIS REGULATION :
 1 234/77 (6), and in particular Article 9 (4) thereof,
 Having regard to the opinion of the Monetary                                                     Article 1
 Committee,
                                                                         The world market price referred to in Article 9 (4) of
 Whereas, pursuant to Article 9 (4) of Regulation (EEC)                  Regulation (EEC) No 2300/73 and the rates to be used
 No 2300/73, the Commission must determine the                           for converting them into national currencies shall be
 world market price for colza and rape seed ;                            as shown in the table annexed to this Regulation .
 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 1443/77                       This Regulation shall enter into force on 28
 of 30 June 1977 fixing the amount of the subsidy on                     November 1977 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 25 November 1977.
                                                                                   For the Commission
                                                                                    'Finn GUNDELACH
                                                                                        Vice-President
(') OJ   No  172, 30 . 9 .  1966, p. 3025/66 .
(2) OJ   No  L 175, 29 .   6. 1973 , p. 5 .
(3) OJ   No  L 167, 25 .   7 . 1972, p. 9 .
(4) OJ   No  L 357, 28 .   12. 1973 , p. 6 .
(5) OJ   No  L 236, 24.    8 . 1973 , p. 28 .                           (7) OJ No L 161 , 1 . 7. 1977, p. 31 .
(b) OJ   No  L 143, 10 .   6 . 1977, p. 9 .                             (8) See page 42 of this Official Journal .
 ---pagebreak--- 26. 11 . 77                                    Official Journal of the European Communities                                                         No L 302/45
                                                                          ANNEX
             World market price applicable from 28 November 1977 for colza and rape seed (CCT
                                                                heading No ex 12.01)
                                                                                                                                     u.aJI00 kg (')
             World market price                                                                                                        20.378
             World market price where the subsidy is fixed in advance :
             — for the month of November 1977                                                                                          20.378
             — for the month of December 1977                                                                                          20.378
             — for the month of January 1978                                                                                           20.414
             — for the month of February 1978                                                                                           19.813
           > — for the month of March 1978                                                                                              19.813
             — for the month of April 1978                                                                                              19.548
             (') The conversion rates from units of account into national currency as foreseen by Article 9 (5) (a) of Regulation ( EEC) No 2300/73
                  are the following :
                 1 u.a . = DM             3.1 5665
                 1 u.a . = Fl             3.35507
                 I u.a . = Bfr/Lfr       48.6572
                 I u.a . = FF             6.76438
                 1 u.a . = Dkr            8.56656
                 1 u.a . = £              0.765134
                 1 u.a . = I £            0.765134
                 1 u.a . = Lit        1 215.12