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Explanatory note on the prices (fixed prices and worldmarket prices), subsidies and refunds for oil seeds.
I. FIXED PRICES
Under Article 22 of Regulation N° 136/66/EEC (Official Journal N° 172, 30 September 1966) the Council, acting on a
proposal from the Commission, fixes for the marketing years for colza and rape seed (1 July to 30 June - Regulation
N° 114/67/EEC of 6.6.1976) and for sunflower seed (1 Septemb~r to 31 August- Regulation (EEC) N° 1335/72 of 27.6.1972)
a ~ingle target price and a basic intervention price for the Community, related to a standard quality and the
intervention centres with the derived intervention prices applicable at those centres.
!~ES~~-PE!~~ (Regulation N° 136/66/EEC, Art. 23)
This price is fixed at a level which is fair to producers, account being taken of the need to keep Community
production at the required level.
This price guarantees that producers will be able to sell their produce at a price, which, allowing for market
fluctuations, is as close as possible to the target price.
These prices are fixed at a level which will allow seeds to move freely within the Community under natural conditions
of price formation and in accordance with the needs of the market.
~2~~h!Y_!~£E~~~~~ (Regulation N° 136/66/EEC, Art. 25)
To enable sales to be staggered, the target and intervention prices are increased each month for a period of seven
months for colza and rape seed and five months for sunflower seed, beginning with the third month of the marketing
year, by an amount which shall be the same for the target and intervention prices and which takes account of average
storage costs and interest charges in the Community.
~2E!g~~~E~~~-PE!~~ (Regulation N° 136/66/EEC, Art. 29)
The world-market price, calculated for a Community frontier crossing point, is determined on the basis of the most
favourable purchasing opportunities, prices being adjusted where appropriate, to take the prices of competing products
into account.
II. SUBSIDY (Regulation N° 136/66/EEC, Art. 27)
Where the target price in force for a species of seed is higher than the world-market price for that seed, a subsidy
is granted for seed of that species harvested and processed within the Community. This subsidy is equal to the
difference between the target price and the world-market price.
Where no offer or quotation can be used as a basis for determining the world-market price, the Commission determines
this price on the basis of the last recorded value for the oil and oil-cakes.
III. REFUND (Regulation N° 136/66/EEC, Art. 28)
A refund may be granted on exports to third countries of oil seeds harvested within the Community; the amount of this
refund may not exceed the difference between prices fixed for the Community and those on the world-market, where the
former are higher than the latter.
The subsidy and the refunds are calculated for the following products
CCT heading n°
Description of goods
12.01 Oil seeds and oleaginous fruit, whole or broken
ex B. Other
- Colza and rape-seed
- Sunflower seed
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