27.5.88OfficialJournaloftheEuropeanCommunities NoL131/69
COMMISSION *REGULATION (EEC)No1439/88
of26May1988
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/870,definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No1097/88(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
HavingregardtotheopinionoftheMonetaryCommittee,whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient :WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcereal^ontheCommunity
marketontheonehandandpricesforcerealsandcereal
productsontheworldmarketontheother;whereasthe
sameArticleprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopmentofpricesand
tradeoncerealmarketsand,furthermore,totakeinto
accounttheeconomicaspectofthe^proposedexports,and
theneedtoavoiddisturbancesontheCommunity
market:Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL110,29.4.1988.
0OJNoL281,1.11.1975,p.78.(4)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.
(6)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

NoL131/70 OfficialJournaloftheEuropeanCommunities 27.5.88
TherefundonexporttoPortugalhasnotbeenfixed. WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.Article2
ThisRegulationshallenterintoforceon27May1988.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26May1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof26May1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 117,00
11071099000 170,00
1107200000*0 200,00
NB:TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No
3846/87asamended.