CELEX: 31977R0593
Language: en
Date: 1977-03-23 00:00:00
Title: Commission Regulation (EEC) No 593/77 of 22 March 1977 determining the world market price for colza and rape seed

No L 75/32                                    Official Journal of the European Communities                              23 . 3 . 77
                                        COMMISSION REGULATION ( EEC) No 593/77
                                                             of 22 March 1977
                               determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                           oil seeds ( 7), as last amended by Regulation (EEC) Nc
COMMUNITIES,                                                             592/77 (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 calculatec
                                                                         on the following basis :
Having regard to Council Regulation No 136/
                                                                         — in the case of currencies which are maintained ir
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
fats ( 1), as last amended by Regulation (EEC) No                              within a band of 2-25 % , a rate of exchange based
1707/73 (2),                                                                   on 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, ir
measures for colza and rape seed (3), as last amended                          relation to the Community currencies referred tc
by Regulation (EEC) No 3477/73 (4),                                            in the previous subparagraph ;
Having regard to Commission Regulation ( EEC) No                         Whereas, applying all these provisions, the work
2300/73 of 23 August 1973 laying down detailed                           market price for colza and rape seed should be fixec
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 :
632/75 (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) ol
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 1713/76                       This Regulation shall enter into force on 23 March
of 15 July 1976 fixing the amount of the subsidy on                       1977 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 22 March 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 192, 16 . 7 . 1976, p. 17 .
 6   OJ   No L 66 , 1 3 . 3 . 1 975, p. 1 1 .                            (8 ) See page 30 of this Official Journal .
 ---pagebreak--- 23 . 3 . 77                                  Official Journal of the European Communities                                                                No L 75/ 33
                                                                           ANNEX
            World market price applicable from 23 March 1977 for colza and rape seed (CCT heading
                                                                        No ex 12.01 )
                                                                                                                                       u.a. /100 k <'(')
            World market price                                                                                                            25-629
            World market price where the subsidy is fixed in advance :
            — for the month of March 1977                                                                                                 25-629
            —       for    the month    of  April 1977                                                                                    25-629
            —       for    the month    of  May 1977                                                                                     25-629
            —       for    the month    of  June 1977                                                                                    25-554
            —       for    the month    of  July 1977                                                                                     25-554
            —       for    the month    of  August 1977                                                                                  25-554
            ( l ) 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           3-1566.5
                   I u.a . —   Fl           3-35507
                   I u.a . —   Bfr/ Lfr    48-6572
                   I u.a . —   FF           6-63174
                   I u.a . =   Dkr          7-89407
                   I u.a . —     £          0-775723
                   1 u.a .  ■= I £          0-775723
                   1 u.a .  —  Lit      I 180-71