NoL241/58 OfficialJournaloftheEuropeanCommunities 1.9.88
COMMISSION REGULATION (EEC)No2711/88
of31August1988
fixingtheaidforsoyabeans
worldmarketpriceistobefixedper100kilogramsand
calculatedonthebasisofthemostfavourableoffersand
quotationsfordeliverywithin30daysfollowingthedate
whenthesaidoffersandquotationswererecorded;
Whereas,wheretheoffersandquotationsdonotcomply
withthesaidconditions,thenecessaryadjustmentsmust
becarriedout,particularlythosereferredtoinArticle2of
Regulation(EEC)No2329/85;THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1491/85
of23May1985layingdownspecialmeasuresinrespect
ofsoyabeans('),aslastamendedbyRegulation(EEC)No
2217/88(2),andinparticularArticle2(7)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
Whereas,pursuanttoArticle2(1)ofRegulation(EEC)No
1491/85,aidistobegrantedforsoyabeansharvested
withintheCommunitywheretheguidepricefora
marketingyearexceedstheworldprice;whereasthesaid
aidistobeequaltothedifferencebetweenthosetwo
prices;Whereastheestimatedproductionofsoyaseedforthe
1988/89marketingyearhasnotbeenfixed;whereasthe
amounttobedeductedwhereappropriate,fromthe
subsidyincompliancewiththesystemofmaximum
guaranteedquantitiesreferredtoinArticle3a(3)ofRegu­
lation(EEC)No1491/85anditseffectontheamountof
theaidcouldthereforenotbedetermined ;whereasthe
amountsoftheaidshouldthereforeonlybeappliedona
temporarybasisandshouldbeconfirmedorreplaced
oncetheeffectsofthesystemofmaximumguaranteed
quantitiesforsoyaseedareknown;
Whereas,ifthesaidsystemistooperatenormally,aid
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85("),aslastamendedbyRegula­
tion(EEC)No1636/87(»);
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ;Whereastheguidepriceforsoyabeansforthe1988/1989
marketingyearwasfixedbyCouncilRegulation(EEC)
No2219/88(3);whereaspursuanttoArticles95(2)and
293(2)oftheActofAccessionofSpainandPortugalaid
forsoyabeansharvestedinthesetwoMemberStatesisto
beintroducedinaccordancewiththeprovisionsofpara­
graphs2and3ofthesaidArticlesfromthebeginningof
the1986/87marketingyear;
Whereas,pursuanttoCouncilRegulation (EEC)No
2194/85of25July1985adoptinggeneralrulesconcer­
ningspecialmeasuresforsoyabeans(4),aslastamended
byRegulation(EEC)No2218/88(*);theworldpricefor
soyabeansistobedeterminedonthebasisofthemost
favourableactualpurchasingpossibility,withtheexcep­
tionofoffersandpriceswhichmaynotbeconsideredas
representative oftheactualmarkettrend;whereas
acccountistobetakenofoffersmadeontheworld
marketaswellasthepricesquotedonexchangeswhich
areimportantintermsofinternationaltrade;
Whereas,pursuanttoCommissionRegulation(EEC)No
2329/85of12August1985layingdowndetailedrulesfor
theapplicationofthespecialmeasuresforsoyabeans(6),
aslastamendedbyRegulation(EEC)No2674/88P),theWhereastheaidshallbefixedasoftenasthemarketsitu­
ationsorequiresandsothatitcanbeappliedatleast
twiceamonth,oneofwhichtimesshallbefromthefirst
dayofeachmonth;
(')OJNoL151,10.6.1985,p.15.0OJNoL197,26.7.1988,p.11.Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
subsidyonsoyabeansshouldbeassetoutinthisRegula­
tion, (3)OJNoL197,26.7.1988,p.14.0OJNoL204,2.8.1985,p.1.0OJNoL197,26.7.1988,p.12.
(<)OJNoL218,15.8.1985,p..16.
OOJNoL239,30.8.1988,p.19.(8)OJNoL164,24.6.1985,p.1.
OOJNoL153,13.6.1987,p.1.

1.9.88 OfficialJournaloftheEuropeanCommunities NoL241/59
HASADOPTEDTHISREGULATION : Article2
Article1
ThisRegulationshallenterintoforceon1September
1988.TheaidreferredtoinArticle2ofRegulation(EEC)No
1491/85isherebyfixedintheAnnexhereto.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States. i
DoneatBrussels,31August1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
t
Aidforsoyabeans(')
(ECU/100kg)
-'Seedharvestedin
Spain PortugalanotherMember
State
Seedprocessedin:i
—Spain 0,000 24,063 24,063
—Portugal 13,877 0,000 24,063
—anotherMemberState 13,877 24,063 24,063
(')Subjecttothereductionresultingfromthemaximumguaranteedquantitiessystem.