31989R2651

No L 255/54 Official Journal of the European Communities 1 . 9 . 89

COMMISSION REGULATION (EEC) No 2651/89 of 31 August 1989 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, account is to be taken of offers made on the world market as well as the prices quoted on exchanges which are Having regard to the Treaty establishing the European important in terms of international trade ; whereas, under Economic Community, that Regulation, where the subsidy to be granted is fixed in advance, the amount of such subsidy must be equal to the amount applicable on the day on which the applica­ Having regard to the Act of Accession of Spain and tion for advance fixing was lodged, adjusted by the diffe­ Portugal, rence between the target price valid on that day and the target price valid on the identification day ; whereas such Having regard to Council Regulation (EEC) No 1491 /85 adjustment should involve increasing or reducing the of 23 May 1985 laying down special measures in respect amount of subsidy applicable on the day on which the of soya beans ('), as last amended by Regulation (EEC) No application was lodged by the corrective amount and the 2217/88 (2), and in particular Article 2 (7) thereof, difference between the target prices mentioned in Article 33 of Commission Regulation (EEC) No 2537/89 of 8 Having regard to Council Regulation (EEC) No 2286/88 August 1989 laying down detailed rules for the applica­ of 19 July 1988 providing for the granting of special aid tion of the special measure for soya beans Q ; for soya beans produced and processed in Portugal (3),

Whereas, pursuant to Regulation (EEC) No 2537/89, the Having regard to the opinion of the Monetary Committee, world market price is to be fixed per 100 kilograms and calculated on the basis of the most favourable offers and Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No , quotations for delivery within 30 days following the date 1491 /85, aid is to be granted for soya beans harvested when the said offers and quotations were recorded ; within the Community where the guide price for a marketing year exceeds the world price ; whereas the said aid is to be equal to the difference between those two Whereas, where the offers and quotations do not comply prices ; with the said conditions, the necessary adjustments must be carried out, particularly those referred to in Article 40 of Regulation (EEC) No 2537/89 ; Whereas the guide price for soya beans for the 1989/90 marketing year was fixed by Council Regulation (EEC) No 1232/89 (4); whereas, pursuant to Articles 95 (2) and Whereas the abatement of the subsidy which arises, where 293 (2) of the Act of Accession of Spain and Portugal, aid appropriate, from the system of maximum guaranteed for soya beans harvested in these two Member States is to quantities for the 1989/90 year, has not, to date, been be introduced in accordance with the provisions of para­ fixed ; whereas the amount of the subsidy for the 1989/90 graphs 2 and 3 of the said Articles from the beginning of year has been provisionally calculated on the basis of an the 1986/87 marketing year ; abatement of ECU 4,590 per 100 kilograms ;

Whereas, pursuant to Article of Regulation (EEC) No Whereas, if the said system is to operate normally, aid 2286/88, soya beans produced and processed in Portugal should be calculated on the following basis : shall be eligible for special aid equal to the difference between the guide price for such beans in Portugal and the price of imported soya beans ; — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Whereas, pursuant to Council Regulation (EEC) No of 2,25 %, a rate of exchange based on their central 2194/85 of 25 July 1985 adopting general rules concer­ rate, multiplied by the corrective factor provided for in ning special measures for soya beans (*), as last amended the last paragraph of Article 3 (1 ) of Council Regula­ by Regulation (EEC) No 1231 /89 (% the world price for tion (EEC) No 1676/85 (8), as last amended by Regula­ soya beans is to be determined on the basis of the most tion (EEC) No 1636/87 0, favourable actual purchasing possibility, with the excep­ — for other currencies, an exchange rate based on the tion of offers and prices which may not be considered as arithmetic mean of the spot market rates of each of representative of the actual market trend ; whereas these currencies recorded over a given period in rela­ tion to the Community currencies referred to in the (') OJ No L 151 , 10. 6. 1985, p. 15. previous indent, and the aforesaid coefficient ; (2) OJ No L 197, 26. 7. 1988, p. 11 . (3) OJ No L 201 , 27. 7. 1988, p. 2. (4) OJ No L 128, 11 . 5. 1989, p. 26. O OJ No L 245, 22. 8. 1989, p. 8. (Ó OJ No L 204, 2. 8 . 1985, p. 1 . (8) OJ No L 164, 24. 6. 1985, p. 1 . fó OJ No L 128, 11 . 5. 1989, p. 24. 0 OJ No L 153, 13. 6. 1987, p. 1 .

1 . 9 . 89 Official Journal of the European Communities No L 255/55

Whereas the aid shall be fixed as often as the market situ­ provided for m Article 1 of Regulation (EEC) No 2286/88 ation so requires and so that it can be applied at least in the case of Portugal shall be as set out in the Annex twice a month, one of which times shall be from the first hereto. day of each month ; Whereas it follows from applying these provisions to the 2. However, the amount of the subsidy will be offers and quotations known to the Commission that the confirmed or replaced as from 1 September 1989 to take subsidy on soya beans should be as set out in this Regula­ into account the consequences of die application of the tion, system of maximum guaranteed quantities.

HAS ADOPTED THIS REGULATION : Article 2 Article 1 1 . The amount of the aid provided for in Regulation This Regulation shall enter into force on 1 September (EEC) No 1491 /85 and the amount of the special aid 1989.

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

Done at Brussels, 31 August 1989.

For the Commission Ray MAC SHARRY Member of the Commission

No L 255/56 Official Journal of the European Communities 1 . 9 . 89

ANNEX

to Commission Regulation of 31 August 1989 fixing the aid for soya beans

(ECU/TOO kg)

Seed harvested in < another Member Spain Portugal State

Seed processed in current period — Spain 0,000 31,108 31,108 — Portugal 20,798 31,108 0 31,108 — another Member State 20,798 31,108 31,108

Seed processed in first period — Spain 0,000 31,108 31,108 — Portugal 20,798 31,108 ft 31,108 — another Member State 20,798 31,108 31,108

Seed processed in second period — Spain 0,000 31,108 31,108 — Portugal 20,798 3 1,1 08 ft 31,108 — another Member State 20,798 31,108 31,108

Seed processed in third period — Spain ! 0,000 31,108 31,108 — Portugal 20,798 31,108 ft 31,108 — another Member State 20,798 31,108 31,108

Seed processed in fourth period — Spain 0,000 31,108 31,108 — Portugal 20,798 31,108 ft 31,108 — another Member State 20,798 31,108 31,108

Seed processed in fifth period — Spain 0,000 31,108 31,108 . — Portugal 20,798 31,108 ft 31,108 another Member State 20,798 31,108 31,108

() Special aid.