31987R2320

No L 210/36 Official Journal of the European Communities 1 . 8 . 87

COMMISSION REGULATION (EEC) No 2320/87 of 31 July 1987 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, world market price is to be fixed per 100 kilograms and calculated on the basis of the most favourable offers and quotations for delivery within 30 days following the date Having regard to the Treaty establishing the European when the said offers and quotations were recorded ; Economic Community,

Whereas, where the offers and quotations do not comply with the said conditions, the necessary adjustments must Having regard to the Act of Accession of Spain and be carried out, particularly those referred to in Article 2 of Portugal, Regulation (EEC) No 2329/85 ;

Having regard to Council Regulation (EEC) No 1491 /85 Whereas, if the said system is to operate normally, aid of 23 May 1985 laying down special measures in respect should be calculated on the following basis : of soya beans ('), and in particular Article 2 (7) thereof, — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Having regard to the opinion of the Monetary Committee, of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No the last paragraph of Article 3 ( 1 ) of Council Regula­ tion (EEC) No 1676/85 (*), as last amended by Regula­ 1491 /85, aid is to be granted for soya beans harvested . tion (EEC) No 1636/87 0 ; within the Community where the guide price for a marketing year exceeds the world price ; whereas the said — for other currencies, an exchange rate based on the aid is to be equal to the difference between those two arithmetic mean of the spot market rates of each of prices ; these currencies recorded over a given period in rela­ tion to the Community currencies referred to in the previous indent, and the aforesaid coefficient ; Whereas the guide price for soya beans for the 1986/87 marketing year was fixed by Council Regulation (EEC) Whereas the aid rate applying during the marketing year No 1461 /86 0 ; whereas pursuant to Articles 95 (2) and shall be fixed twice a month in time to be applied from 293 (2) of the Act of Accession of Spain and Portugal aid the first and the 1 6th day of each month ; for soya beans harvested in these two Member States is to be introduced in accordance with the provisions of para­ graphs 2 and 3 of the said Articles from the beginning of Whereas it follows from applying these provisions to the the 1986/87 marketing year ; offers and quotations known to the Commission that the subsidy on soya beans should be as set out in this Regula­ tion, Whereas, pursuant to Council Regulation (EEC) No 2194/85 of 25 July 1985 adopting general rules concer­ . ning special measures for soya beans (3), the world price for soya beans is to be determined on the basis of the most favourable actual purchasing possibility, with the HAS ADOPTED THIS REGULATION : exception of offers and prices which may not be consi­ dered as representative of the actual market trend ; whereas acccount is to be taken of offers made on the Article 1 world market as well as the prices quoted on exchanges which are important in terms of international trade ; The aid referred to in Article 2 of Regulation (EEC) No 1491 /85 is hereby fixed in the Annex. Whereas, pursuant to Commission Regulation (EEC) No 2329/85 of 12 August 1985 laying down detailed rules for the application of the special measures for soya beans (4), as last amended by Regulation (EEC) No 2290/87 0, the Article 2

(') OJ No L 151 , 10. 6. 1985, p. 15. This Regulation shall enter into force on 1 August 1987. (2) OJ No L 133, 21 . 5. 1986, p. 18 . 3 JO No L 204, 2. 8 . 1985, p. 1 . (4) OJ No L 218 , 15. 8 . 1985, p. 16. 0s) OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 209, 31 . 7. 1987, p. 37. 0 OJ No L 153, 13 . 6. 1987, p. 1 .

1 . 8 . 87 Official Journal of the European Communities No L 210 /37

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

Done at Brussels, 31 July 1987. For the Commission Frans ANDRIESSEN Vice-President

ANNEX

Aid (or soya beans

(ECU/100 kg)

Seed harvested in \

another Member Spain Portugal State

Seed processed in : — Spain 1,690 39,909 39,909 — Portugal 24,699 0,000 39,909 — another Member State 24,669 39,909 39,909