31992R0235

No L 24/48 1 . 2. 92 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 235/92 of 31 January 1992 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, day ; whereas such adjustment should involve increasing or reducing the amount of subsidy applicable on the day on which the application was lodged by the corrective amount and the difference between the target prices Having regard to the Treaty establishing the European mentioned in Article 33 of Commission Regulation (EEC) Economic Community, No 2537/89 of 8 August 1989 laying down detailed rules for the application of the special measure for soya beans (*), as last amended by Regulation (EEC) No 2692/91 0 ; Having regard to the Act of Accession of Spain and Portugal,

Whereas, pursuant to Regulation (EEC) No 2537/89, the world market price is to be fixed per 100 kilograms and Having regard to Council Regulation (EEC) No 1491 /85 calculated on the basis of the most favourable offers and of 23 May 1985 laying down special measures in respect quotations for delivery within 30 days following the date of soya beans ('), as last amended by Regulation (EEC) No when the said offers and quotations were recorded ; 1724/91 (2), and in particular Article 2 (7) thereof,

Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No Whereas, where the offers and quotations do not comply 1491 /85, aid is to be granted for soya beans harvested with the said conditions, the necessary adjustments must within the Community where the guide price for a be carried out, particularly those referred to in Article 40 marketing year exceeds the world price ; whereas the said of Regulation (EEC) No 2537/89 ; aid is to be equal to the difference between those two prices ;

Whereas the abatement of the subsidy which arises, where appropriate, from the system of maximum guaranteed Whereas the guide price for soya beans was fixed for the quantities for the 1991 /92 year, has been fixed by 1991 /92 marketing year by Council Regulation (EEC) No Commission Regulation (EEC) No 250/92 (8); 1726/91 0 ;

Whereas, if the said system is to operate normally, aid Whereas, pursuant to Council Regulation (EEC) No should be calculated on the following basis : 2194/85 of 25 July 1985 adopting general rules con­ cerning special measures for soya beans (4), as last amended by Regulation (EEC) No 1725/91 Q, the world price for soya beans is to be determined on the basis of — in the case of currencies which are maintained in rela­ the most favourable actual purchasing possibility, with the tion to each other at any given moment within a band exception of offers and prices which may not be con­ of 2,25 %, a rate of exchange based on their central sidered as representative of the actual market trend ; rate, multiplied by the corrective factor provided for in whereas account is to be taken of offers made on the the last paragraph of Article 3 (1 ) of Council Regula­ world market as well as the prices quoted on exchanges tion (EEC) No 1676/85 (9) as last amended by Regula­ which are important in terms of international trade ; tion (EEC) No 2205/90 (10), whereas, under that Regulation, where the subsidy to be granted is fixed in advance, the amount of such subsidy — for the other currencies, an exchange rate based on an must be equal to the amount applicable on the day on average of the ecu rates published in the 'C' series of which the application for advance fixing was lodged, the Official Journal of the European Communities adjusted by the difference between the target price valid over a period to be determined, multiplied by the on that day and the target price valid on the identification factor referred to in the preceding indent ;

(») OJ No L 151 , 10 . 6. 1985, p. 15. <°) OJ No L 245, 22. 8 . 1989, p. 8 . 0 OJ No L 162, 26. 6. 1991 , p. 35. f) OJ No L 255, 12. 9. 1991 , p. 12. (3) OJ No L 162, 26. 6. 1991 , p. 39. (8) See page 86 of this Official Journal . (4) OJ No L 204, 2. 8. 1985, p. 1 . 0 OJ No L 164, 24. 6. 1985, p. 1 . (*) OT No L 162. 26. 6. 1991 . o. 37. (10) OJ No L 201 , 31 . 7. 1990, p. 9.

1 . 2. 92 Official Journal of the European Communities No L 24/49

Whereas the aid shall be fixed as often as the market situ­ HAS ADOPTED THIS REGULATION : ation so requires and so that it can be applied at least twice a month, one of which times shall be from the first Article 1 day of each month ; The amount of the aid provided for in Article 2 of Regu­ lation (EEC) No 1491 /85 shall be as set out in the Annex hereto. 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 February 1992.

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

Done at Brussels, 31 January 1992.

For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

to the Commission Regulation of 31 January 1992 fixing the aid for soya beans

(ECU/100 kg) Current First Second Third Fourth period period period period period 2 3 4 5 6

Seed harvested 27,525 27,473 27,577 27,559 27,559