NoL308/42 OfficialJournaloftheEuropeanCommunities1.12.77
COMMISSION REGULATION (EEC)No2654/77
of30November 1977
fixingtheexportrefundsonmalt
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
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)No1386/77(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
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
criteriatothepresentsituationonthemarketinHASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation(EEC)No2727/75subjecttoRegulation
(EEC)No2744/75areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1December(')OJNoL281,1.11.1975,p.1.
(2)OJNoL158,29.6.1977,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(5)OJNoL100,14.4.1976,p.1. 1977.

1.12.77 OfficialJournaloftheEuropeanCommunities NoL308/43
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30November1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulation30November1977fixingtheexportrefundsonmalt
(u.a./tonne)
CCTheadingNo Refund
11.07AIa) 97-65
11.07AIb) 0
11.07AIIa) 88-39
11.07AIIb) 77-00
11.07B 89-74