CELEX: 31978R1840
Language: en
Date: 1978-08-01 00:00:00
Title: Commission Regulation (EEC) No 1840/78 of 31 July 1978 fixing the rate of the additional aid for dried fodder

1 . 8 . 78                                Official Journal of the European Communities                        No~L 210 / 59
                                    COMMISSION REGULATION (EEC) No 1840/78
                                                          of 31 July 1978
                                  fixing the rate of the additional aid for dried fodder
THE COMMISSION OF THE EUROPEAN                                       of Regulation (EEC) No 1117/78 can be used to
COMMUNITIES,                                                         determine the average world market price it is to be
                                                                     determined from offers on the world market of and
Having regard to the Treaty establishing the European                quotations on the exchanges important for interna­
Economic Community,                                                  tional trade for the products described in the second
Having regard to Council Regulation (EEC) No                         indent of Article 1 (b) of Regulation (EEC) No
 1117/78 of 22 May 1978 on the common organization                   1117/78 ;
of the market in dried fodder (*), and in particular
Article 5 (3) thereof,                                               Whereas under Article 3 of Regulation (EEC) No
                                                                      1417/78 when no offer or quotation can be used to
Having regard to the opinion of the Monetary                         determine the average world market price it is deter­
Committee,                                                           mined from the last average world market price deter­
Whereas under Article 5 ( 1 ) of Regulation (EEC) No                 mined, this being adjusted on the basis of price deve­
 1117/78 when the guide price is higher than the                     lopments for the same products of Community origin
average world market price a supplementary aid is                    and world prices of competing products ;
given for dried fodder as described under Article 1 (a),
(b) and (c) of that Regulation obtained from fodder                  Whereas the adjustments referred to above were set
plants harvested in the Community ; whereas this aid                 out in Article 3 of Commission Regulation (EEC) No
is equal to a percentage of the difference between                    1528/78 of 30 June 1978 laying down detailed rules
these two prices ;                                                   for the application of the system of aid for dried
                                                                     fodder (4),
Whereas this percentage and the guide price were
fixed by Council Regulation (EEC) No 1118/78 of 22
May 1978 fixing the flat-rate production aid and the                 Whereas under Article 1 1 of Regulation ( EEC) No
guide price for dried fodder for the 1978/79                         1417/78 when forward prices differ from that applying
marketing year (2) ;                                                 in the month when the application is lodged the
                                                                     supplementary aid rate is adjusted by a correcting
Whereas the average world market price is determined                 amount calculated from the trend of forward prices ;
for a bulk pelleted product delivered Rotterdam of the
standard quality for which the guide price has been                  Whereas the correcting amount is equal to the differ­
fixed ;                                                              ence between the average world market price and the
Whereas under Council Regulation (EEC) No 1417/78                    average forward world market price multiplied by the
of 19 June 1978 on the aid system for dried fodder (3),              percentage fixed in Article 3 of Regulation ( EEC) No
the average world market price for the products                       1118 / 78 ; whereas when for one of the months
described in the first indent of Article 1 (b) Regulation            following that of the introduction of supplementary
(EEC) No 1 1 17/78 is to be determined on the basis of               aid the average forward world market price cannot be
the most favourable actual purchase possibilities                    determined by applying the criteria specified in
excepting those which cannot be considered represen­                 Article 1 of Regulation ( EEC) No 1417/78 the price
tative of the real market trend ; whereas offers and                 determined for the previous month is used to calcu­
                                                                     late the difference ; whereas when for two or more
quotations recorded during the first 25 days of the
month in question for quantities that can be delivered               consecutive months following that of the introduction
during the following calendar month are to be used ;                 of supplementary aid the average forward world
whereas the average world market price thus deter­                   market prices cannot be determined by applying the
mined is used to fix the supplementary aid rate appli­               criteria set out in Article 1 of Regulation ( EEC) No
cable on the following month ;                                        1417/78 the prices previously determined for these
                                                                     months, adjusted on the basis of the difference
Whereas the necessary adjustments must be made in                    between the average world market price and the last
the case of offers and quotations not of the type                    forward price determined for the month, are used to
referred to above ;                                                  calculate the differences for the months in question ;
Whereas when no offer of or quotation for the
products described in the first indent of Article 1 (b)              Whereas when the average world market price is deter­
                                                                     mined in accordance with Articles 2 and 3 of Regula­
(') OJ No L 142, 30. 5. 1978 , p. 1 .                                tion (EEC) No 1417/78 the correcting amount must
(2) OJ No L 142, 30 . 5 . 1978 , p. 6.
(J ) OJ No L 171 , 28 . 6 . 1978 , p. 1 .                            (4) OJ No L 179, 1 . 7. 1978 , p. 10 .
 ---pagebreak--- No L 210/ 60                       Official Journal of the European Communities                                 1 . 8 . 78
be equal to the difference between the average world           Whereas the rate of the additional aid must be fixed
market price and the average forward world market              once per month so as to ensure application of the aid
price determined by applying the criteria specified in         from the first day of the month following the date of
Articles 1 and 2 of the said Regulation and valid for          its fixing ;
delivery during a month other than that of the intro­
duction of the supplementary aid, multiplied by the            Whereas as a result of the application of all these pro­
percentage fixed in Article 3 of Regulation (EEC) No           visions to the offers and quotations which the
1 1 18 /78 for the product concerned ; whereas when for        Commission has recorded , the rate of the additional
one or more months the average forward world                   aid for dried fodder must be fixed as indicated in the
market price cannot be determined by applying the              table annexed to this Regulation ,
criteria specified in Articles 1 and 2 of Regulation
(EEC) No 1417/78 the correcting amount is to be
fixed for the month(s) in question to give a nil rate for
                                                               HAS ADOPTED THIS REGULATION :
the supplementary aid ;
Whereas, if the aid system is to operate normally,
refunds should be calculated on the following basis :                                    A rticle 1
— in the case of currencies which are maintained in
                                                               The rate of the aid referred to in Article 5 (3) of Regu­
     relation to each other at any given moment within         lation (EEC) No 1117/78 is fixed in the Annex to this
     a band of 2-25 % , a rate of exchange based on            Regulation .
     their effective parity ;
— for other currencies, an exchange rate based on the
     arithmetic mean of the spot market rates of each                                    Article 2
     of these currencies recorded for a given period in
     relation to the Community currencies referred to          This Regulation shall enter into force on 1 August
     in the previous indent ;                                   1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 31 July 1978 .
                                                                         For the Commission
                                                                            Finn GUNDELACH
                                                                               Vice-President
                                                                                                                           >■
 ---pagebreak--- 1 . 8 . 78                        Official Journal of the European Communities                                         No L 210/ 61
                                                          ANNEX
           to the Commission Regulation of 31 July 1978 fixing the rate of the additional aid for
                                                       dried fodder
                             Additional aid applicable from 1 August 1978 to dried fodder
                                                                                                            (u.a. /tonne)
                       CCT heading No             Dehydrated fodder ex 12.10 B    Fodder otherwise dried ex 12.10 B
                                                  Protein concentrates ex 23.07 C
           Additional aid                                       24 - 109                      13.777
           Additional aid in case of advance fixing for the month of :
           September 1978                                       24- 109                        13.777
           October 1978                                         24- 109                        13-777
           November 1978                                        22.962                         13.121
           December 1978                                        22.329                         12.759
           January 1979                                         22.329                         12.759
           February 1979                                        22.329                         12-759
           March 1979                                           22.329                         12.759