CELEX: 31987R2946
Language: en
Date: 1987-10-01 00:00:00
Title: Commission Regulation (EEC) No 2946/87 of 30 September 1987 fixing the aid for soya beans

1 . 10 . 87                                  Official Journal of the European Communities                                No L 278 /75
                                        COMMISSION REGULATION (EEC) No 2946/87
                                                         of 30 September 1987
                                                     fixing the aid for soya beans
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                            the application of the special measures for soya beans (*),
                                                                       as last amended by Regulation (EEC) No 2867/87 Q/ the
                                                                       world market price is to be fixed per 100 kilograms and
Having regard to the Treaty establishing the European                  calculated on the basis of the most favourable offers and
Economic Community,                                                    quotations for delivery within 30 days following the date
                                                                       when the said offers and quotations were recorded j
Having regard to the Act of Accession of Spain and
Portugal,
                                                                       Whereas, where the offers and quotations do not comply
                                                                       with the said conditions, the necessary adjustments must
Having regard to Council Regulation (EEC) No 1491 /85                  be carried out, particularly those referred to in Article 2 of
of 23 May 1985 laying down special measures in respect                 Regulation (EEC) No 2329/85 ;                            "
of soya beans ('), as amended by Regulation (EEC) No
1921 / 87 ^2), and in particular Article 2 (7) thereof, '
                                                                       Whereas the estimated production of soya beans and the
Having regard to the opinion of the Monetary Committee,                consequent abatement to be applied to the subsidy has
                                                                       been fixed, for the 1987/88 marketing year, by Commis­
                                                                       sion Regulation (EEC) No 2868 /87_(8) ;
Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No
 1491 /85, aid is to be granted for soya beans harvested
within the Community _ where the guide price for a
marketing year exceeds the world price ; whereas the said              Whereas, if the said system is to operate normally, aid
aid is to be equal to the difference between those two                  should be calculated on the following basis :
prices ;
                                                                       —- in the case of currencies which are maintained in rela­
Whereas the guide price for soya beans for the 1987/88                        tion to each other at any given moment within a band
marketing year was fixed by Council Regulation (EEC)                          of 2,25 % , a rate of exchange based on their central
No 1923/87 (3) ; whereas pursuant to Articles 95 (2) and                      rate, multiplied by the corrective factor provided for in
293 (2) of the Act of Accession of Spain and Portugal aid                     the last paragraph of Article 3 ( 1 ) of Council Regula­
 for soya beans harvested in these two Member States is to                    tion (EEC) No 1 676/85 (9), as last amended by Regula­
be introduced in accordance with the provisions of para­                      tion (EEC) No 1636/87 (10) ;                1   '
graphs 2 and 3 of the said Articles from the beginning of
the 1986/87 marketing year ;                                            :— for other currencies, an exchange rate based on the
                                                                              arithmetic mean of the spot market rates of each of
                                                                              these currencies recorded over a given period in rela­
Whereas, pursuant to Council - Regulation (EEC) No                            tion to the Community currencies referred to in the
 2194/85 of 25 July 1985 adopting general rules concer­                       previous indent, and the aforesaid coefficient ;
 ning special measures for soya beans (4), as amended by
 Regulation (EEC) No 2133 / 87 Q ; the world price for soya
 beans is to be determined on the basis of the most favou­
 rable actual purchasing possibility, with the exception of             Whereas the aid rate applying during the marketing year
 offers and prices which may not be considered as repre­                shall be fixed twice a month in time to be applied from
 sentative of the actual market trend ; whereas acccount is             the first and the 16th day of each month ;
 to be taken of offers made on the world market as well as
 the prices quoted on exchanges which are important in
 terms of international trade ;
                                                                        Whereas it follows from applying these provisions to the
                                                                         offers and quotations known to the Commission that the
 Whereas, pursuant to Commission Regulation (EEC) No                     subsidy on soya beans should be as set out in this Regula­
 2329/85 of 12 August 1985 laying down detailed rules for                tion ,
 (>) OJ  No   L 151 , 10 . 6 . 1985, p. 15 .                             («) OJ No L 218 , 15 . 8 . 1985, p . 16 .
 (2) OJ  No   L 183 , 3 . 7 . 1987, p. 19 .                             Ò OJ No L 273, 26. 9. 1987, p. 13 .
 (3) OJ  No   L 183 , 3 . 7 . 1987, p. 21 .                             (8) OJ No L 273 , 26 . 9 . 1987, p . 15 .
 (4) OJ  No   L 204,  2. 8 . 1985, p. 1 .                                (') OJ No L 164, 24. 6 . 1985, p . 1 .
 0   OJ  No   L 200 , 21 . 7 . 1987, p. 2.                                10) OJ No L 153 , 13 . 6 . 1987, p . 1 .
 ---pagebreak--- No L 278 /76­                       Official Journal of the European Communities                                1 . 10 . 87
HAS ADOPTED THIS REGULATION :                                                            Article 2
                         Article 1
The aid referred to in Article 2 of Regulation (EEC) No
1491 /85 is hereby fixed in the Annex hereto .                 This Regulation shall enter into force on 1 October 1987.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 30 September 1987 .
                                                                       For the Commission
                                                                        Frans ANDRIESSEN
                                                                           Vice-President
                                                        ANNEX
                                                   Aid for soya beans
                                                                                                (ECU/100 kg)
                                                                         Seed harvested in
                                             '
                                                                                            another -Member
                                                               Spain         Portugal             State
                Seed processed in :
                — Spain                                        0,000          34,122            34,122
                — Portugal                                    22,296           0,000            34,122
                — another Member State                        22,296.         34,122            34,122