31991R1885

No L 168 /86 Official Journal of the European Communities 29 . 6. 91

COMMISSION REGULATION (EEC) No 1885/91 of 28 June 1991 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, granted is fixed in advance, the amount of such subsidy must be equal to the amount applicable on the day on Having regard to the Treaty establishing the European which the application for advance fixing was lodged, Economic Community, adjusted by the difference between the target price valid on that day and the target price valid on the identification Having regard to the Act of Accession of Spain and day ; whereas such adjustment should involve increasing Portugal, or reducing the amount of subsidy applicable on the day on which the application was lodged by the corrective Having regard to Council Regulation (EEC) No 1491 /85 of 23 May 1985 laying down special measures in respect amount and the difference between the target prices of soya beans ('), as last amended by Regulation (EEC) No mentioned in Article 33 of Commission Regulation (EEC) No 2537/89 of 8 August 1989 laying down detailed rules 1724/91 (2), and in particular Article 2 (7) thereof, for the application of the special measure for soya Having regard to the opinion of the Monetary Committee, beans (8), as last amended by Regulation (EEC) No 2427/90 (9) ; Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No 1491 /85, aid is to be granted for soya beans harvested Whereas, pursuant to Regulation (EEC) No 2537/89, the within the Community where the guide price for a world market price is to be fixed per 100 kilograms and marketing year exceeds the world price ; whereas the said calculated on the basis of the most favourable offers and aid is to be equal to the difference between those two quotations for delivery within 30 days following the date prices ; when the said offers and quotations were recorded ;

Whereas the guide price for soya beans for the 1990/91 Whereas, where the offers and quotations do not comply marketing year was fixed by Council Regulation (EEC) with the said conditions, the necessary adjustments must No 1319/90 (3) ; whereas, pursuant to Articles 95 and 293 be carried out, particularly those referred to in Article 40 of the Act of Accession of Spain and Portugal, aid for soya of Regulation (EEC) No 2537/89 ; beans harvested in these two Member States is to be calculated in accordance with the provisions of paragraphs Whereas the abatement of the subsidy for soya seed 2 and 3 of the said Articles ; which arises, where appropriate, from the system of maximum guaranteed quantities for the 1990/91 market­ Whereas the guide price for soya beans was fixed for the ing year, has been fixed by Commission Regulation (EEC) 1991 /92 marketing year by Council Regulation (EEC) No No 3217/90 (10); 1726/91 (4); Whereas the prices fixed by the Council for the 1990/91 Whereas, owing to the lack of the adjustment in the rate marketing year are to be reduced in accordance with of aid for soya seed resulting from the maximum guaran­ Commission Regulation (EEC) No 1756/90 of 27 June teed quantity arrangements for the 1991 /92 marketing 1990 establishing the guide price fixed in ecus by the year, the rate of the aid for this marketing year has only Council in the soya bean sector and reduced as a result of been able to be calculated provisionally on the basis of the monetary realignment of 5 January 1990 (5); the abatement for the 1990/91 marketing year ; whereas this amount should therefore only be applied provisio­ Whereas, pursuant to Council Regulation (EEC) No nally and should be confirmed or replaced once the 2194/85 of 25 July 1985 adopting general rules con­ consequences of the maximum guaranteed quantity arran­ cerning special measures for soya beans (6), as last gements are known ; amended by Regulation (EEC) No 1231 /89 Q, the world price for soya beans is to be determined on the basis of Whereas, if the said system is to operate normally, aid the most favourable actual purchasing possibility, with the should be calculated on the following basis : exception of offers and prices which may not be con­ — in the case of currencies which are maintained in rela­ sidered as representative of the actual market trend ; whereas account is to be taken of offers made on the tion to each other at any given moment within a band of 2,25 % , a rate of exchange based on their central world market as well as the prices quoted on exchanges rate, multiplied by the corrective factor provided for in which are important in terms of international trade ; the last paragraph of Article 3 (1 ) of Council Regula­ whereas, under that Regulation, where the subsidy to be tion (EEC) No 1676/85 ("), as last amended by Regu­ lation (EEC) No 2205/90 (12), (') OJ No L 151 , 10. 6. 1985, p. 15. (2) OJ No L 162, 26. 6. 1991 , p. 35. 0 OJ No L 132, 23 . 5. 1990, p. 13 . (8) OJ No L 245, 22. 8 . 1989, p. 8 . (4) OJ No L 162, 26. 6. 1991 , p. 39 . O OJ No L 228 , 22. 8 . 1990, p. 15. 0 OJ No L 162, 28 . 6. 1990, p. 19 . H OJ No L 308, 8 . 11 . 1990, p. 19 (6) OJ No L 204, 2. 8 . 1985, p. 1 . (") OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 128, 11 . 5. 1989, p. 24. 12) OJ No L 201 , 31 . 7. 1990, p. 9 .

29 . 6. 91 Official Journal of the European Communities No L 168 / 87

HAS ADOPTED THIS REGULATION : — for the other currencies, an exchange rate based on an average of the ecus rates published in the 'C' series of the Official Journal of the European Communities Article 1 over a period to be determined, multiplied by the 1 . The amount of the aid provided for in Article 2 of factor referred to in the preceding indent ; Regulation (EEC) No 1491 /85 shall be as set out in the Annex hereto. Whereas the aid shall be fixed as often as the market situ­ 2. However, the amount of the aid for the 1991 /92 ation so requires and so that it can be applied at least twice a month, one of which times shall be from the first marketing year for soya seed shall be confirmed or day of each month ; replaced with effect from 1 July 1991 to take account of the consequences of the maximum guaranteed quantity arrangements for the 1991 /92 marketing year. Whereas it follows from applying these provisions to the offers and quotations known to the Commission that the Article 2 subsidy on soya beans should be as set out in this Regula­ tion, This Regulation shall enter into force on 1 July 1991 .

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

Done at Brussels, 28 June 1991 .

For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

to the Commission Regulation of 28 June 1991 fixing the aid for soya beans (ECU/100 kg) Current First Second Third Fourth Fifth period period period period period period 7 8 9 10 (') 11 (1 ) 12 (')

Seed harvested : — Spain 15,498 15,475 16,273 16,461 16,427 16,469 — another Member State 21,042 21,019 20,087 20,275 20,241 20,283

(') Amount fixed provisionally, pending and subject to the application of the maximum guaranteed quantity arrangements for the 1991 /92. marketing year, conforming to the adjustment resulting from the maximum guaranteed quantity arrangements applied for the 1990/91 marketing year.