CELEX: 31979R2138
Language: en
Date: 1979-09-29 00:00:00
Title: Commission Regulation (EEC) No 2138/79 of 28 September 1979 fixing the aid for castor seeds

No L 246/74                           Official Journal of the European Communities                            29 . 9 . 79
                                COMMISSION REGULATION (EEC) No 2138/79
                                                   of 28 September 1979
                                              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           2081 /79 ;
Economic Community,
Having regard to Council Regulation (EEC) No                    Whereas Article 2 of Regulation (EEC) No 1853/78
2874/77 of 19 December 1977 laying down special                 provides that where no offer or price can be used to
measures in respect of castor seeds (*), and in parti­          determine the world market price of castor seed it
                                                                shall be determined on the basis of the offers and
cular Article 2 (5) thereof,
                                                                prices on the world or Community markets for castor
                                                                oil and oil-cake ; whereas for this purpose the value of
Having regard to the opinion of the Monetary                    the average quantities of oil and oil-cake obtained in
Committee,                                                      the Community from processing 100 kg of castor seed
                                                                less the amount of the cost of processing the seed into
Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77          oil and oil-cake shall be used ;
specifies that aid shall be granted in respect of castor
seeds when the guide price for a marketing year is
higher than the world market price ; whereas this aid           Whereas Article 3 of Regulation (EEC) No 1853/78
is to be equal * to the difference between these two            provides that where no offer or price can be used to
prices ;                                                        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 world
Regulation (EEC) No 1608/79 of 24 July 1979 fixing              market price shall be equal to the guide price for
the guide price for castor seed for the 1979/80                 castor seed ;
marketing year (2) ;
Whereas the world market price is determined for                Whereas in order to permit the aid system to function
seed in bulk delivered to Rotterdam of the standard             smoothly the following conversion rates should be
                                                                used :
quality for which the guide price was fixed ;
Whereas Council Regulation (EEC) No 1853/78 of 25               — for currencies the exchange rates for which are
July 1978 adopting general rules in connection with                  kept at any given moment within a maximum
special measures for castor seeds (3) provides that the             spread of 2-25 % , a conversion rate calculated
world market price shall be determined on the basis                  from their actual parity,
of the actual most favourable purchasing possibilities          — for the other currencies a conversion rate calcu­
disregarding offers and prices which cannot be consid­               lated from the arithmetical mean of the spot
ered as representative of the actual market trend ;                  market rates of each of these currencies, recorded
                                                                     over a given period, against the Community
Whereas in determining the world market price                        currencies indicated in the preceding indent ;
account is to be taken only of the offers made on the
world market for delivery during the most representa­
tive period for the sale of seed of Community origin            Whereas Council Regulation (EEC) No 652/79 of 29
and of the prices quoted for delivery during the same           March 1 979 (5) laid down the coefficient for
period on the major international exchanges ; whereas            expressing amounts, fixed in units of account, in
the most representative period for the sale of seed of           ECU ;
Community origin has been fixed by Commission
Regulation (EEC) No 2081 /79 of 26 September 1979
laying down detailed rules for the application of the            Whereas the aid must be fixed once a month, and in
special measures for castor seeds (4) ;                          such a way that it can be applied from the first day of
                                                                 the month following the date of fixing ; whereas it
(i) OJ No L 332, 24. 12. 1977, p. 1 .                            may be altered between fixing ;
(2) OJ No L 190, 28 . 7. 1979, p. 1 .
$ OJ No L 212, 2. 8 . 1978, p. 1 .
 4 OJ No L 244, 27. 9. 1979, p. 11 .                            (5) OJ No L 84, 4. 4. 1979, p. 1 .
 ---pagebreak--- 29 . 9 . 79                     Official Journal of the European Communities                      No L 246/75
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 :
                      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 12.976 ECU per 100 kilograms.          1979 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 28 September 1979.
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President