31989R0521

1 . 3 . 89 Official Journal of the European Communities No L 58 /39

COMMISSION REGULATION (EEC) No 521 /89 of 28 February 1989 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, acccount is to be taken of offers made on the world market as well as the prices quoted on exchanges which Having regard to the Treaty establishing the European are important in terms of international trade ; Economic Community, Whereas, pursuant to Commission Regulation (EEC) No Having regard to the Act of Accession of Spain and 2329/85 of 12 August 1985 laying down detailed rules for Portugal, the application of the special measures for soya beans Q, as last amended by Regulation (EEC) No 2674/88 (8), the Having regard to Council Regulation (EEC) No 1491 /85 world market price is to be fixed per 100 kilograms and calculated on the basis of the most favourable offers and of 23 May 1985 laying down special measures in respect of soya beans ('), as last amended by Regulation (EEC) No quotations for delivery within 30 days following the date when the said offers and quotations were recorded ; 2217/88 (2), and in particular Article 2 (7) thereof,

Having regard to Council Regulation 2286/88 of 19 July Whereas, where the offers and quotations do not comply 1988 providing for the granting of special aid for soya with the said conditions, the necessary adjustments must beans produced and processed in Portugal (3), be carried out, particularly those referred to in Article 2 of Regulation (EEC) No 2329/85 ; Having regard to the opinion of the Monetary Committee, Whereas the abatement of the subsidy for soya beans Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No which arises from the system of maximum guaranteed 1491 /85, aid is to be granted for soya beans harvested quantities for the 1988/89 marketing year has been fixed within the Community where the guide price for a by Commission Regulation (EEC) No 3404/88 (s) ; marketing year exceeds the world price ; whereas the said aid is to be equal to the difference between those two Whereas, if the said system is to operate normally, aid prices ; should be calculated on the following basis :

Whereas the guide price for soya beans for the 1988/ 1989 — in the case of currencies which are maintained in rela­ marketing year was fixed by Council Regulation (EEC) No 2219/88 (4) ; whereas pursuant to Articles 95 (2) and tion to each other at any given moment within a band 293 (2) of the Act of Accession of Spain and Portugal aid of 2,25 %, a rate of exchange based on their central for soya beans harvested in these two Member States is to rate, multiplied by the corrective factor provided for in be introduced in accordance with the provisions of para­ the last paragraph of Article 3 (1 ) of Council Regula­ graphs 2 and 3 of the said Articles from the beginning of tion (EEC) No 1676/85 (10), as last amended by Regu­ the 1986/87 marketing year ; lation (EEC) No 1636/87 ("); — for other currencies, an exchange rate based on the Whereas, pursuant to Article I of Regulation (EEC) No arithmetic mean of the spot market rates of each of 2286/88, soya beans produced and processed in Portugal these currencies recorded over a given period in rela­ shall be eligible for special aid equal to the difference tion to the Community currencies referred to in the between the guide price for such beans in Portugal and previous indent, and the aforesaid coefficient ; the price of imported soya beans. Whereas the aid shall be fixed as often as the market situ­ Whereas, pursuant to Council Regulation (EEC) No ation so requires and so that it can be applied at least 2194/85 of 25 July 1985 adopting general rules concer­ twice a month, one of which times shall be from the first ning special measures for soya beans J5), as last amended day of each month ; by Regulation (EEC) No 3555/88 (% the world price for soya beans is to be determined on the basis of the most favourable actual purchasing possibility, with the excep­ Whereas it follows from applying these provisions to the offers and quotations known to the Commission that the tion of offers and prices which may not be considered as representative of the actual market trend ; whereas subsidy on soya beans should be as set out in this Regula­ tion,

(') OJ No L 151 , 10. 6. 1985, p. 15. (2) OJ No L 197, 26. 7. 1988, p. 11 . 0 OJ No L 218, 15. 8. 1985, p. 16. M OJ No L 201 , 27. 7. 1988, p. 2. (8) OJ No L 239, 30. 8 . 1988, p. 19. (<) OJ No L 197, 26. 7. 1988 , p. 14. 0 OJ No L 299, 1 . 11 . 1988, p. 58. M OJ No L 204, 2. 8. 1985, p. 1 . H OJ No L 164, 24. 6. 1985, p. 1 . (') OJ No L 311 , 17. 11 . 1988, p. 7. (") OJ No L 153, 13 . 6. 1987, p. 1 .

No L 58 /40 Official Journal of the European Communities 1.-3 . 89

HAS ADOPTED THIS REGULATION : for in Article 1 of Regulation (EEC) No 2286/88 in the case of Portugal shall be as set out in the Annex hereto. Article 1 Article 2 The amount of the aid provided for in Regulation (EEC) No 1491 /85 and the amount of the special aid provided This Regulation shall enter into force on 1 March 1989.

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

Done at Brussels, 28 February 1989. For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

Aid for soya beans

(ECU/100 kg)

Seed harvested in

another Member Spain Portugal State

Seed processed in : — Spain 0,000 25,437 25,437 — Portugal 15,127 25,437 0 25,437 — another Member State 15,127 25,437 25,437 i (*) Special aid