Commission Regulation (EC) No 1500/98 of 14 July 1998 establishing projected regional reference amounts and the value of the advance payments to be made to producers of soya beans, rapeseed and sunflower seed for the 1998/99 marketing year

COMMISSION REGULATION (EC) No 1500/98 of 14 July 1998 establishing projected regional reference amounts and the value of the advance payments to be made to producers of soya beans, rapeseed and sunflower seed for the 1998/99 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 1765/92 of 30 June 1992 establishing a support system for producers of certain arable crops (1), as last amended by Regulation (EC) No 2309/97 (2), and in particular Article 12 thereof,
Whereas Article 5(1)(c) of Regulation (EEC) No 1765/92 specifies that the Commission is to establish a projected regional reference amount for each region identified in a Member State's regionalisation plan on the basis of a comparison between the cereal or oilseed yield for that region and the Community's average cereal or oilseed yield;
Whereas Article 11(2) of Regulation (EEC) No 1765/92 specifies that producers who apply for an oilseeds compensatory payment are entitled to an advance payment of no more than 50 % of the appropriate projected regional reference amount; whereas, however, the estimated area under oilseeds for the 1998 harvest and the expected prices for the 1998/99 marketing year suggest that if, as is likely, the penalty applied in 1997/98 is carried over, the level of the advance payment fixed at 50 % of the projected regional reference amount is liable to exceed the final reference amount; whereas the projected amounts of the penalty applied in 1997/98 should be reduced and the advance payment should be set at 50 % of the projected regional amounts thus adjusted;
Whereas the Joint Management Committee for Cereals, Oils and Fats and Dried Fodder has not delivered an opinion within the time limit laid down by its chairman,