31981R2847

1 . 10 . 81 Official Journal of the European Communities No L 277/ 59

COMMISSION REGULATION (EEC) No 2847/81

of 30 September 1981

fixing the aid for castor seeds

THE COMMISSION OF THE EUROPEAN Regulation (EEC) No 2081 /79 of 26 September 1979 COMMUNITIES, laying down detailed rules for the application of the special measures for castor seeds (4) ; Having regard to the Treaty establishing the European Economic Community, Whereas offers and prices which do not satisfy these conditions must be adjusted in accordance with Article 2 of Commission Regulation (EEC) No 2081 /79 ; Having regard to Council Regulation (EEC) No 2874/77 of 19 December 1977 laying down special measures in respect of castor seeds ('), and in particular Whereas Article 2 of Regulation (EEC) No 1853/78 Article 2 (5) thereof, provides that where no offer or price can be used to determine the world market price of castor seed it shall be determined on the basis of the offers and Having regard to the opinion of the Monetary prices on the world or Community markets for castor Committee, oil and oil-cake ; whereas for this purpose the value of the average quantities of oil and oil-cake obtained in the Community from processing 100 kilograms of Whereas Article 2(1 ) of Regulation (EEC) No 2874/77 castor seed less the amount of the cost of processing specifies that aid shall be granted in respect of castor the seed into oil and oil-cake shall be used ; 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, further, it is impossible to establish the value of the Whereas the guide price has been fixed by Council oil-cake or oil processed from such seed, the worlds Regulation (EEC) No 2033/81 of 13 July 1981 fixing market price shall be equal to the guide price for the guide price for castor seed for the 1981 /82 castor seed ; marketing year (2) ;

Whereas, if the aid system is to operate normally, it Whereas the world market price is determined for seed should be calculated on the following basis : in bulk delivered to Rotterdam of the standard quality for which the guide price was fixed ; — in the case of currencies which are maintained in relation to each other at any given moment within a band of 2-25 % , a rate of exchange based on Whereas Council Regulation (EEC) No 1853/78 of 25 their effective parity ; July 1978 adopting general rules in connection with special measures for castor seeds (3) provides that the world market price shall be determined on the basis of — for other currencies, an exchange rate based on the the actual most favourable purchasing possibilities arithmetic mean of the spot market rates of each of disregarding offers and prices which cannot be consi­ these currencies recorded for a given period in dered as representative of the actual market trend ; relation to the Community currencies referred to in the previous indent ; Whereas in determining the world market price account is to be taken only of the offers made on the Whereas the aid must be fixed once a month, and in world market for delivery during the most representa­ such a way that it can be applied from the first day of tive period for the sale of seed of Community origin the month following the date of fixing ; whereas it and of the prices quoted for delivery during the same may be altered between fixing ; period on the major international exchanges ; whereas the most representative period for the sale of seed of Whereas the measures provided for in this Regulation Community origin has been fixed by Commission are in accordance with the opinion of the Management Committee for Oils and Fats . (■) OJ No L 332, 24. 12. 1977, p. 1 . I1) OJ No L 200, 21 . 7. 1981 , p. 9. (3 OJ No L 212, 2. 8 . 1978 , p . 1 . 4) OJ No L 244, 27. 9 . 1979 , p . 11 .

No L 277/60 Official Journal of the European Communities 1 . 10 . 81

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 October No 2874/77 shall be 20-839 ECU per 100 kilograms. 1981 .

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

Done at Brussels, 30 September 1981 . For the Commission Poul DALSAGER Member of the Commission