31979R2707

No L 305/84 1 . 12. 79 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 2707/79 of 30 November 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) No 2081 /79 ; Having regard to the Treaty establishing the European Economic Community,

Having regard to Council Regulation (EEC) No Whereas Article 2 of Regulation (EEC) No 1853/78 2874/77 of 19 December 1977 laying down special provides that where no offer or price can be used to measures in respect of castor seeds (*), and in parti­ determine the world market price of castor seed it cular Article 2 (5) thereof, shall be determined on the basis of the offers and prices on the world or Community markets for castor Having regard to the opinion of the Monetary oil and oil-cake ; whereas for this purpose the value of Committee, the average quantities of oil and oil-cake obtained in the Community from processing 100 kilograms of castor seed less the amount of the cost of processing Whereas Article 2 (1 ) of Regulation (EEC) No 2874/77 the seed into oil and oil-cake shall be used : specifies that aid shall be granted in respect of castor seeds when the guide price for a marketing year is higher than the world market price ; whereas this aid is to be equal to the difference between these two Whereas Article 3 of Regulation (EEC) No 1853/78 prices ; provides that where no offer or price can be used to determine the world market price for castor seed and, Whereas the guide price has been fixed by Council further, it is impossible to establish the value of the Regulation (EEC) No 1608/79 of 24 July 1979 fixing oil-cake or oil processed from such seed, the world the guide price for castor seed for the 1979/80 market price shall be equal to the guide price for marketing year (2) ; castor seed ;

Whereas the world market price is determined for seed in bulk delivered to Rotterdam of the standard Whereas, if the aid system is to operate normally, it quality for which the guide price was fixed ; should be calculated on the following basis :

Whereas Council Regulation (EEC) No 1853/78 of 25 July 1978 adopting general rules in connection with — in the case of currencies which are maintained in special measures for castor seeds (3) provides that the relation to each other at any given moment within world market price shall be determined on the basis a band of 2-25 % , a rate of exchange based on of the actual most favourable purchasing possibilities their effective parity ; disregarding offers and prices which cannot be consid­ ered as representative of the actual market trend ; — for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each Whereas in determining the world market price of these currencies recorded for a given period in account is to be taken only of the offers made on the relation to the Community currencies referred to world market for delivery during the most representa­ in the previous indent ; 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) ;

(») OJ No L 332, 24. 12. 1977, p. 1 . Whereas the measures provided for in this Regulation (2) OJ No L 190, 28 . 7. 1979, p. 1 . (3) OJ No L 212, 2. 8 . 1978, p. 1 . are in accordance with the opinion of the Manage­ (<) OJ No L 244, 27. 9. 1979, p. 11 . ment Committee for Oils and Fats,

1 . 12. 79 No L 305/85 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 on 1 December No 2874/77 shall be 14.917 ECU per 100 kilograms. 1979 .

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

Done at Brussels, 30 November 1979.

For the Commission Finn GUNDELACH Vice-President