31979R2422

No L 275/60 1 . 11 . 79 Official Journal of the European Communities

COMMISSION REGULATION ( EEC) No 2422/79 of 31 October 1979 fixing the aid for castor seeds

THE COMMISSION OF THE EUROPEAN Whereas offers and prices which do not satisfy these COMMUNITIES, conditions must be adjusted in accordance with Article 2 of Commission Regulation (EEC) Nc 2081 /79 ; Having regard to the Treaty establishing the European Economic Community, Whereas Article 2 of Regulation (EEC) No 1853/78 Having regard to Council Regulation (EEC) No provides that where no offer or price can be used tc 2874/77 of 19 December 1977 laying down special determine the world market price of castor seed il shall be determined on the basis of the offers and measures in respect of castor seeds (1), and in parti­ cular Article 2 (5) thereof, prices on the world or Community markets for castoi oil and oil-cake ; whereas for this purpose the value ol the average quantities of oil and oil-cake obtained in Having regard to the opinion of the Monetary Committee, the Community from processing 100 kilograms ol castor seed less the amount of the cost of processing the seed into oil and oil-cake shall be used ; Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77 specifies that aid shall be granted in respect of castor seeds when the guide price for a marketing year is Whereas Article 3 of Regulation (EEC) No 1853/78 higher than the world market price ; whereas this aid provides that where no offer or price can be used to is to be equal to the difference between these two determine the world market price for castor seed and, prices ; further, it is impossible to establish the value of the oil-cake or oil processed from such seed, the world market price shall be equal to the guide price for Whereas the guide price has been fixed by Council castor seed ; Regulation (EEC) No 1608/79 of 24 July 1979 fixing the guide price for castor seed for the 1979/80 marketing year (2) ; Whereas, if the aid system is to operate normally, it should be calculated on the following basis : Whereas the world market price is determined for seed in bulk delivered to Rotterdam of the standard — in the case of currencies which are maintained in quality for which the guide price was fixed ; relation to each other at any given moment within a band of 2-25 % , a rate of exchange based on their effective parity ; Whereas Council Regulation (EEC) No 1853/78 of 25 July 1978 adopting general rules in connection with — for other currencies, an exchange rate based on the special measures for castor seeds (3) provides that the arithmetic mean of the spot market rates of each world market price shall be determined on the basis of these currencies recorded for a given period in of the actual most favourable purchasing possibilities relation to the Community currencies referred to disregarding offers and prices which cannot be consid­ in the previous indent ; ered as representative of the actual market trend ;

Whereas Council Regulation (EEC) No 652/79 of 29 Whereas in determining the world market price March 1979 (5) laid down the coefficient for account is to be taken only of the offers made on the expressing amounts, fixed in units of account, in world market for delivery during the most representa­ ECU ; tive period for the sale of seed of Community origin and of the prices quoted for delivery during the same period on the major international exchanges ; whereas Whereas the aid must be fixed once a month , and in the most representative period for the sale of seed of such a way that it can be applied from the first day of Community origin has been fixed by Commission the month following the date of fixing ; whereas it Regulation (EEC) No 2081 /79 of 26 September 1979 may be altered between fixing ; laying down detailed rules for the application of the special measures for castor seeds (4) ; - Whereas the measures provided for in this Regulation are in accordance with the opinion of the Manage­ (') OJ No L 332, 24. 12. 1977, p. 1 . ment Committee for Oils and Fats, (2) OJ No L 190, 28 . 7. 1979 , p. 1 . (3) OJ No L 212, 2. 8 . 1978, p. 1 . (4) OJ No L 244, 27. 9 . 1979, p. 11 . (5) OJ No L 84, 4. 4. 1979, p. 1 .

1 . 11 . 79 No L 275/61 Official Journal of the European Communities

HAS ADOPTED THIS REGULATION : Article 2

Article1¶

The aid referred to in Article 2 of Regulation (EEC) This Regulation shall enter into force force on 1 No 2874/77 shall be 14.565 ECU per 100 kilograms. November 1979 .

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

Done at Brussels, 31 October 1979 .

For the Commission

Finn GUNDELACH Vice-President