CELEX: 31978R1316
Language: en
Date: 1978-06-16 00:00:00
Title: Commission Regulation (EEC) No 1316/78 of 15 June 1978 fixing the world market price for colza and rape seed

16 . 6 . 78                              Official Journal of the European Communities                        No L 158 /35
                                   COMMISSION REGULATION (EEC) No 1316/78
                                                         of 15 June 1978
                               fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                     Whereas, to enable the price system to operate
COMMUNITIES,                                                        normally, the world market price should be calculated
                                                                   on the following basis :
Having regard to the Treaty establishing the European
Economic Community,                                                — in the case of currencies which are maintained in
                                                                        relation to each other at any given moment within
Having regard        to   Council    Regulation      No   136/          a band of 2-25 % , a rate of exchange based on
66/ EEC of 22 September 1966 on the establishment                       their effective parity ;
of a common organization of the markets in oils and
fats ('), as last amended by Regulation (EEC) No                    — for other currencies, an exchange rate based on the
2560/77 (2),                                                            arithmetic mean of the spot market rates of each
                                                                        of these currencies recorded for a given period in
Having regard to Council Regulation (EEC) No                            relation to the Community currencies referred to
1569/72 of 20 July 1972 laying down special                             in the previous subparagraph ;
measures for colza and rape seed (3), as last amended
by Regulation (EEC) No 852/78 (4),                                  Whereas, applying all these provisions, the world
                                                                    market price for colza and rape seed should be fixed
Having regard to Commission Regulation (EEC) No                     as shown in the table annexed to this Regulation,
2300/73 of 23 August 1973 laying down detailed
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No
                                                                    HAS ADOPTED THIS REGULATION :
1464/73 (5 ), as last amended by Regulation (EEC) No
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
mined in accordance with the rules and the criteria                                          Article 2
set out in Commission Regulation (EEC) No 1315/78
of 15 June 1978 fixing the amount of the subsidy on                 This Regulation shall enter into force on 16 June
oil seeds (7) ;                                                     1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 15 June 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 116, 28 . 4. 1978, p. 6.
(5) OJ   No L 236, 24. 8 . 1973, p. 28 .
(6) OJ   No L 143 , 10 . 6. 1977, p. 9 .
(7) See  page 31 of this Official Journal.
 ---pagebreak--- No L 158 / 36                                 Official Journal of the European Communities                                                           16 . 6 . 78
                                                                         ANNEX
            World market price applicable from 16 June 1978 for colza and rape seed (CCT heading
                                                                      No ex 12.01 )
                                                                                                                                   u.a./100 kv ( l )
             world        market price                                                                                                21.319
            World         market price where the subsidy is fixed in advance :
            — for         the month of June 1978                                                                                      21.319
            — for         the month of July 1978                      *                                                               21.319
            — for         the month of August 1978                                                                                    20.854
            — for         the month of September 1978                                                                                 20.686
            — for the month of October 1978                                                                                           18.660
            — for the month of November 1978                                                                                          18.660
            (') 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           6.95531
                1   u.a . »  Dkr          8.56656
                1   u.a . -  £            0.820513
                1   u.a . -  I £          0.820513
                1   u.a . -  Lit      1 300.00