CELEX: 31979R2428
Language: en
Date: 1979-11-01 00:00:00
Title: Commission Regulation (EEC) No 2428/79 of 31 October 1979 fixing the world marked price for colza and rape seed

No L 275/70                              Official Journal of the European Communities                            1 . 11 . 79
                                      COMMISSION REGULATION (EEC) No 2428/79
                                                        of 31 October 1979
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                      of 31 October 1979 fixing the amount of the subsidy
 COMMUNITIES,                                                       on oil seeds (7) ;
 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
                                                                    — 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 (1), 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 («),                                       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 rules                that the world market price for colza and rape seed
for applying differential amounts for colza and rape                should be as set out in the Annex hereto,
seed and repealing Regulation (EEC) No 1464/73 (5),
as last amended by Regulation (EEC) No 1 234/77 (6),
                                                                    HAS ADOPTED THIS REGULATION :
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 shall be as set out in
 No 2300/73, the Commission must determine the                      the Annex hereto.
world market price for colza and rape seed ;
                                                                                              Article 2
Whereas the world market price should be deter­
mined in accordance with the rules and the criteria                 This Regulation shall enter into force on 5 November
set out in Commission Regulation (EEC) No 2415/79                    1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 31 October 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 .
(«) OJ   No  L 116, 28 . 4. 1978 , p. 6.
(5) OJ   No  L 236, 24. 8 . 1973, p. 28 .
(') OJ   No  L 143, 10. 6. 1977, p. 9 .                             (7) See page 43 of this Official Journal.
 ---pagebreak--- 1 . 11 . 79                                     Official Journal of the European Communities                                                     No L 275/ 71
                                                                             ANNEX
                     to the Commission Regulation of 31 October 1979 fixing the world market price for colza
                                                                        and rape seed
                                                                                                                                           (ECU / 100 kg) (')
                 CCT
               heading                                   Description                                                    World market price
                  No
          ex 12.01           Colza and rape seed                                                                              20.933
                                                                                                                                           (ECU / 100 kg)(')
                                                                                                World market price where the subsidy
                 CCT                                                                             is fixed in advance for the month of
               heading                       Description
                  No                                                                     December
                                                                           November                       January      February     March         April
                                                                             1979          19 79            1980         1980         1980         1980
         ex 12.01            Colza and rape seed                           20.933        20.933          21.328       21.328       21.328       21.939
         (l) The conversion rates from ECU into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73 are the following :
             I ECU - DM              2.48557
             1 ECU - Fl              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   = £            0.655712
             1  ECU   - Lit      1 145.13