CELEX: 31986R0529
Language: en
Date: 1986-03-01 00:00:00
Title: Commission Regulation (EEC) No 529/86 of 28 February 1986 fixing the aid for soya beans

1 . 3 . 86                               Official Journal of the European Communities                                No L 55/ 5
                                        COMMISSION REGULATION (EEC) No 529/86
                                                       of 28 February 1986
                                                  fixing the aid for soya beans
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         world market price is to be fixed per 100 kilograms and
                                                                    calculated on the basis of the most favourable offers and
                                                                    quotations for delivery within 30 days following the date
Having regard to the Treaty establishing the European               when the said offers and quotations were recorded ;
Economic Community,
                                                                    Whereas, where the offers and quotations do not comply
Having regard to the Act of Accession of Spain and                  with the said conditions, the necessary adjustments must
Portugal,                                                           be carried out, particularly those referred to in Article 2 of
                                                                    Regulation (EEC) No 2329/85 ;
Having regard to Council Regulation (EEC) No 1491 /85
of 23 May 1985 laying down special measures in respect              Whereas, if the said system is to operate normally, aid
of soya beans ('), and in particular Article 2 (7) thereof,         should be calculated on the following basis :
                                                                    — in the case of currencies which are maintained in rela­
Having regard to the opinion of the Monetary Committee,                 tion to each other at any given moment within a band
                                                                        of 2,25 % , a rate of exchange based on their central
Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No             rate, multiplied by the corrective factor provided for in
1491 /85, aid is to be granted for soya beans harvested                 the last paragraph of Article 3 ( 1 ) of Regulation (EEC)
within the Community where the guide price for a                        No 1676/85 0,
marketing year exceeds the world price ; whereas the said           — for other currencies, an exchange rate based on the
aid is to be equal to the difference between those two                  arithmetic mean of the spot market rates of each of
prices ;                                                                these currencies recorded over a given period in rela­
                                                                        tion to the Community currencies referred to in the
                                                                        previous indent, and the aforesaid coefficient ;
Whereas the guide price for soya beans for the 1985/86
marketing year was fixed by Council Regulation (EEC)
No 1492/85 (2) ; whereas for Spain and for Portugal this            Whereas the aid rate applying during the marketing year
price was fixed by Council Regulation (EEC) No                      shall be fixed twice a month in time to be applied from
455/86 (3) ; whereas pursuant to Articles 95 (2) and 293 (2)        the first and the 16th day of each month ;
of the Act of Accession of Spain and Portugal aid for soya
beans harvested in these two Member States is to be intro­          Whereas it follows from applying these provisions to the
duced from the beginning of the 1986/87 marketing                   offers and quotations known to the Commission that the
year ;                                                              subsidy on soya beans should be as set out in this Regula­
                                                                    tion ,
Whereas, pursuant to Council Regulation (EEC) No
2194/85 of 25 July 1985 adopting general rules concer­
ning special measures for soya beans (4), the world price
for soya beans is to be determined on the basis of the              HAS ADOPTED THIS REGULATION :
most favourable actual purchasing possibility, with the
exception of offers and prices which may not be consi­
dered as representative of the actual market trend ;
whereas acccount is to be taken of offers made on the                                         Article 1
world market as well as the prices quoted on exchanges
which are important in terms of international trade ;               The aid referred to in Article 2 of Regulation (EEC) No
                                                                    1491 /85 is hereby fixed at 35,989 ECU per 100 kilograms
Whereas, pursuant to Commission Regulation (EEC) No                 in the Member States of the Community as constituted on
                                                                    31 December 1985 .
2329/85 of 12 August 1985 laying down detailed rules for
the application of the special measures for soya beans (*),
as last amended by Regulation (EEC) No 3761 /85 (6), the
                                                                                               Article 2
(') OJ No L 151 , 1U . 6. 1 7oj , p.
(2)  OJ   No L 151 , 10. 6. 1985, p. 17.
(3)  OJ   No L 53, 1 . 3. 1986.                                     This Regulation shall enter into force on 1 March 1986.
(4)  OJ   No L 204, 2. 8 . 1985, p. 1 .
(*)  OJ   No L 218, 15. 8 . 1985, p. 16.
(*)  OJ   No L 356, 31 . 12. 1985, p. 66.                           0 OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 55/6                    Official Journal of the European Communities                        1 . 3 . 86
          This Regulation shall be binding in its entirety and directly applicable in all Member
          States.
          Done at Brussels, 28 February 1986.
                                                                 For the Commission
                                                                  Frans ANDRIESSEN
                                                                     Vice-President