CELEX: 31978R0867
Language: en
Date: 1978-04-28 00:00:00
Title: Commission Regulation (EEC) No 867/78 of 27 April 1978 fixing the world market price for colza and rape seed

28 . 4. 78                                  Official Journal of the European Communities                          No L 116/37
                                       COMMISSION REGULATION (EEC) No 867/78
                                                           of 27 April 1978
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                         on oil seeds (7), as last amended by Regulation (EEC)
COMMUNITIES,                                                           No 866/78 (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/
                                                                       — in the case of currencies which are maintained in
66/EEC 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
2560/77 (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 190/78                       This Regulation shall enter into force on 28 April
of 31 January 1978 fixing the amount of the subsidy                     1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 27 April 1978 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
(»)  OJ   No 172, 30 . 9 .  1966, p. 3025/66.
(2)  OJ   No L 303, 28 .   11 . 1977, p. 1 .
(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 27, 1 . 2. 1978 , p. 24.
(6)  OJ   No L 143, 10 .   6. 1977, p. 9 .                             (8) See page 35 of this Official Journal .
 ---pagebreak--- No L 116/38                                Official Journal of the European Communities                                                            28 . 4. 78
                                                                        ANNEX
          World market price applicable from 28 April 1978 for colza and rape seed (CCT heading
                                                                     No ex 12.01 )
                                                                                                                                  u.a. /100 kg (1)
          World        market price                                                                                                  21.739
          World        market price where the subsidy is fixed in advance :
          — for        the month of April 1978                                                                                       21.739
          — for        the month of May 1978                                                                                         21.739
           — for       the month of June 1978                                                                                        21-739
           — for       the month of July 1978                                                                                        21.673
           — for       the month of August 1978                                                                                      21-164
           — for       the month of September 1978                                                                                   21.164
           (') 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             3.15665
               1 u.a. - F1              3.35507
               1 u.a. - Bfr/Lfr        48.6572
               1  u.a. -  FF            7.04891
               1  u.a. -  Dkr           8-56656
               1  u.a. -  £             0-829717
               1  UA   -  I £           0.829717
               1  ua.  —  Lit       1 313-81