31978R3123

No L 370/44 30 . 12. 78 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 3123/78 of 29 December 1978 fixing the rate of the additional aid for dried fodder

THE COMMISSION OF THE EUROPEAN Whereas when no offer of or quotation for the COMMUNITIES, products described in the first indent of Article 1 (b) of Regulation (EEC) No 1117/78 can be used to Having regard to the Treaty establishing the European determine the average world market price it is to be Economic Community, determined from offers on the world market of and quotations on the exchanges important for interna­ Having regard to Council Regulation (EEC) No tional trade for the products described in the second 1117/78 of 22 May 1978 on the common organization indent of Article 1 (b) of Regulation (EEC) No of the market in dried fodder (1), and in particular 1117/78 ; Article 5 (3) thereof, Whereas under Article 3 of Regulation (EEC) No Having regard to the opinion of the Monetary 1417/78 when no offer or quotation can be used to Committee, determine the average world market price it is deter­ 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 plants harvested in the Community ; whereas this aid Whereas the adjustments referred to above were set is equal to a percentage of the difference between out in Article 3 of Commission Regulation (EEC) No these two prices ; 1528/78 of 30 June 1978 laying down detailed rules for the application of the system of aid for dried Whereas this percentage and the guide price were fodder (4), as last amended by Regulation (EEC) No fixed by Council Regulation (EEC) No 1118/78 of 22 3074/78 (5) ; May 1978 fixing the flat-rate production aid and the guide price for dried fodder for the 1978/79 Whereas under Article 11 of Regulation (EEC) No marketing year (2) ; 1417/78 when forward prices differ from that applying in the month when the application is lodged the Whereas the average world market price is determined supplementary aid rate is adjusted by a correcting for a bulk pelleted product delivered Rotterdam of the amount calculated from the trend of forward prices ; standard quality for which the guide price has been fixed ; Whereas the correcting amount is equal to the differ­ ence between the average world market price and the Whereas under Council Regulation (EEC) No 1417/78 of 19 June 1978 on the aid system for dried fodder (3), average forward world market price multiplied by the the average world market price for the products percentage fixed in Article 3 of Regulation (EEC) No 1 1 1 8/78 ; 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 1117/78 is to be determined on the basis of the most favourable actual purchase possibilities aid the average forward world market price cannot be determined by applying the criteria specified in excepting those which cannot be considered represen­ tative of the real market trend ; whereas offers and Article 1 of Regulation (EEC) No 1417/78 the price quotations recorded during the first 25 days of the determined for the previous month is used to calcu­ late the difference ; whereas when for two or more 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 ; whereas the average world market price thus deter­ of supplementary aid the average forward world mined is used to fix the supplementary aid rate appli­ market prices cannot be determined by applying the cable on the following month ; criteria set out in Article 1 of Regulation (EEC) No 1417/78 the prices previously determined for these Whereas the necessary adjustments must be made in months, adjusted on the basis of the difference the case of offers and quotations not of the type between the average world market price and the last referred to above : forward price determined for the month, are used to calculate the differences for the months in question ; (») OJ No L 142, 30. 5. 1978, p. 1 . (2) OJ No L 142, 30 . 5. 1978 , p. 6. (4) OJ No L 179, 1 . 7. 1978 , p. 10. h) OJ No L 171 , 28. 6. 1978, p. 1 . (*) OJ No L 367, 28 . 12. 1978, p. 1 .

30 . 12. 78 Official Journal of the European Communities No L 370/45

Whereas when the average world market price is deter­ Whereas, in the absence of the guide price for the mined in accordance with Articles 2 and 3 of Regula­ 1979/80 marketing year for dried fodder, in the case tion (EEC) No 1417/78 the correcting amount must of advance fixing for the months of April, May, June, be equal to the difference between the average world July, August, September and October 1979, the market price and the average forward world market amount of subsidy on these products has been obtai­ price determined by applying the criteria specified in nable only on the basis of the guide price ; whereas, Articles 1 and 2 of the said Regulation and valid for therefore this amount may be applied on a temporary delivery during a month other than that of the intro­ basis and should be confirmed or replaced when the duction of the supplementary aid, multiplied by the guide price for the 1979/80 marketing year is known ; percentage fixed in Article 3 of Regulation (EEC) No Whereas as a result of the application of all these pro­ 1118/78 for the product concerned ; whereas when for visions to the offers and quotations which the one or more months the average forward world Commission has recorded, the rate of the additional market price cannot be determined by applying the aid for dried fodder must be fixed as indicated in the criteria specified in Articles 1 and 2 of Regulation table annexed to this 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, Article 1 refunds should be calculated on the following basis : 1 . The rate of the aid referred to in Article 5 (3) of — in the case of currencies which are maintained in Regulation (EEC) No 1117/78 is fixed in the Annex relation to each other at any given moment within to this Regulation. a band of 2-25 % , a rate of exchange based on their effective parity ; Article 2 — for other currencies, an exchange rate based on the 2. The amount of the subsidy for the months of arithmetic mean of the spot market rates of each April, May, June, July, August, September and of these currencies recorded for a given period in October 1979 will, however, as for dried fodder, be relation to the Community currencies referred to confirmed or replaced as from 1 January 1979 to take in the previous indent ; into account the guide price which is fixed for these Whereas the rate of the additional aid must be fixed products for the 1979/80 marketing year. once per month so as to ensure application of the aid from the first day of the month following the date of This Regulation shall enter into force on 1 January 1979 . its fixing ;

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 29 December 1978 .

For the Commission

Finn GUNDELACH Vice-President

No L 370 /46 30 . 12. 78 Official Journal of the European Communities

ANNEX

to die Commission Regulation of 29 December 1978 fixing die rate of the additional aid for dried fodder

Additional aid applicable from 1 January 1979 to dried fodder (u.a./tonne)

Dehydrated fodder ex 12.10 B Fodder otherwise dried ex 12.10 B CCT heading No Protein concentrates ex 23.07 C

Additional aid 18.775 10.729

Additional aid in case of advance fixing for the month of :

February 1979 18.709 10.691 March 1979 18.571 10.612 18.503 10.573 April 1979 May 1979 18.186 10.393 June 1979 17.358 9.919 July 1979 17.358 9.919 17.358 9.919 August 1979 September 1979 17.358 9.919 October 1979 17.358 9-919