29.4.77 OfficialJournaloftheEuropeanCommunities NoL107/11
COMMISSION REGULATION (EEC)No886/77
of28April1977
fixingtheexportrefundsonmalt
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation (EEC)No3138/76(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation (EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article 1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsontheworldmarketontheother;
whereasthesameArticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeonthemarketsincereals
and,furthermore ,totakeintoaccounttheeconomic
aspectoftheproposedexports,andtheneedtoavoid
disturbancesontheCommunitymarket;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
amendedbyRegulation (EEC)No832/76(5),defines
thespecificcriteriatobetakenintoaccountwhenthe
refundontheseproductsisbeingcalculated ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinHASADOPTED THISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation (EEC)No2727/75subjecttoRegulation
(EEC)No2744/75areherebyfixedasshowninthe
AnnextothisRegulation .
Artiec2
>)OJNoI.2X1,1.1I.1975,p.1.
-)OJNoL354,24.12.1976,p.1.
3)O|NoL281,1.11.1975,p.78.
*)OJNoL281,1.1I.197S,p.65.
O|NoL100,14.4.1976,p.1.ThisRegulationshallenterintoforceon29April
1977.

NoL107/12 OfficialJournaloftheEuropeanCommunities 29.4.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28April1977
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof28April1977fixingtheexportrefundsonmalt
(ii.it./tonm)
CCT
heading
NoDescriptionofgoods Refund
11.07AIa)
11.07AIb)
11.07A11a)
11.07AIIb)
11.07BUnroastedmalt,obtainedfromwheat,intheformofflour
Unroastedmalt,obtainedfromwheat,otherthanintheformofflour
Unroastedmalt,otherthanthatobtainedfromwheat,intheformofflour
Unroastedmalt,otherthanthatobtainedfromwheat,otherthanintheformofflour
Roastedmalt104-82
65-58
5300
61-77