NoL32/26 OfficialJournaloftheEuropeanCommunities 7.2.86
COMMISSION REGULATION (EEC)No277/86
of6February1986
fixingthecorrectiveamountapplicabletotherefundoncereals
exportsandtheneedtoavoiddisturbancesonthe
Communitymarket;
WhereasfortheproductslistedinArticle1(c)ofRegula­
tion(EEC)No2727/75accountshouldbetakenofthe
specificcriterialaiddowninArticle2(2)ofRegulation
(EEC)No1281/75;
Whereastheworldmarketsituationorthespecificrequi­
rementsofcertainmarketsmaymakeitnecessarytovary
thecorrectiveamountaccordingtodestination ;
Whereasthecorrectiveamountmustbefixedatthesame
timeastherefundandaccordingtothesameprocedure;
Whereasitmaybealteredintheperiodbetweenfixings;
Whereas,ifthesystemofcorrectiveamountsistooperate
normally,correctiveamountsshouldbecalculatedonthe
followingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/850,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
precedingindentandtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation (EEC)
No3768/85(2),
HavingregardtoCouncilRegulation(EEC)No2746/75
of29October1975layingdowngeneralrulesforgranting
exportrefundsoncerealsandcriteriaforfixingthe
amountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle16(4)ofRegulation(EEC)No2727/75
providesthattheexportrefundapplicabletocerealson
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpriceinforceduringthe
monthofexportation,mustbeappliedonrequestto
exportstobeeffectedduringtheperiodofvalidityofthe
exportlicence;whereas,inthiscase,acorrectiveamount
mustbeappliedtotherefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation (EEC)No1027/84(5),made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(c)ofRegulation (EEC)No
2727/75;
WhereasCommissionRegulation (EEC)No1281/75(6)
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixed,accountmustbetakenoftheexis­
tingsituationandthefuturetrendwithregardtoprices
andavailabilitiesofcerealsontheCommunitymarketon
theonehandandpossibilitiesandconditionsforthesale
ofcerealsandcerealproductsontheworldmarketonthe
other;whereasthesameRegulationprovidesthatitis
alsoimportanttoensureequilibriumandthenatural
developmentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspectofHASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsshall
beassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon7February1986.(')OJNoL281,1.11.1975,p.1.
(2)OJNoL362,31.12.1985,p.8.
(3OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.0OJNoL107,19.4.1984,p.15.
(0)OJNoL131,22.5.1975,p.15. 0OJNoL164,24.6.1985,p.1.

7.2.86 OfficialJournaloftheEuropeanCommunities NoL32/27
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,6February1986.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof6February1986fixingthecorrectiveamountapplicable
totherefundoncereals
(ECU/tonne)
CCT
heading
NoDescriptionCurrent
21stperiod
32ndperiod
43rdperiod
54thperiod
65thperiod
76thperiod
8
10.01BICommonwheatandmeslin
forexportsto:
—China
—otherthirdcountries0
0+6,00
0+5,00
—1,00+4,00
—2,00+4,00
—2,00—30,00
—36,00—30,00
—36,00
10.01BIIDurumwheat 000 00 — —
10.02 Rye0•000 0 — —
10.03 Barley000 0—30,00— —
10.04 Oats— — — — — — —
10.05BMaizeotherthanhybridmaizefor
sowing0 00 0 — — —
10.07CGrainsorghum— — — — — — —
11.01ACommonwheatflour 000 00 — —
11.01BRyeflour0000 0 — —
11.02AIa)Durumwheatgroatsandmeal0 00 00—50,00—50,00
11.02Alb)Commonwheatgroatsandmeal0 ■00 00 — —
NBThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977),aslastamendedbyRegulation
(EEC)No501/85(OJNoL60,28.2.1985).