7.3.86 OfficialJournaloftheEuropeanCommunities NoL65/1
I
(Actswhosepublicationisobligatory)
COMMISSION REGULATION (EEC)No707/86
of6March1986
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No3793/85(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)No1027/84Q,made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(c)ofRegulation(EEC)No
2727/75;
WhereasCommissionRegulation(EEC)No1281/75(6)
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation ,whenthecorrective
amountisbeingfixed,accountmustbetakenoftheexis­tingsituationandthefuturetrendwithregardtoprices
andavailabilitiesofcerealsontheCommunitymarketon
theonehandandpossibilitiesandconditionsforthesale
ofcerealsandcerealproductsontheworldmarketonthe
other;whereasthesameRegulationprovidesthatitis
alsoimportanttoensureequilibriumandthenatural
developmentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspectof
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;(')OJNoL281,1.11.1975,p.1.
(2)OJNoL367,31.12.1985,p.19
\3)OJNoL281,1.11.1975,p.78.
(<)OJNoL281,1.11.1975,p.65.
f5)OJNoL107,19.4.1984,p.15.
(«)OJNoL131,22.5.1975,p.15. 0OJNoL164,24.6.1985,p.1.

NoL65/2 OfficialJournaloftheEuropeanCommunities 7.3.86
exportrefundsfixedinadvanceinrespectofcerealsshall
beassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon7March1986.WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation (EEC)No2727/75whichisapplicableto
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,6March1986.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof6March1986fixingthecorrectiveamountapplicableto
therefundoncereals
(ECU/tonne)
CCT
heading
NoDescriptionCurrent
•31stperiod
42ndperiod
53rdperiod
64thperiod
75thperiod
86thperiod
9
10.01BICommonwheatandmeslin
forexportsto:
—China 0+6,00+6,00+13,00—30,00—30,00—30,00
—otherthirdcountries 000+7,00—36,00—36,00—36,00
10.01BIIDurumwheat 00000 — —
10.02 Rye 00000 — —
10.03 Barley 00—30,00—30,00—30,00— —
10.04 Oats — — — — — — —
10.05BMaizeotherthanhybridmaizefor\I1Il
sowing 0000 — — —
10.07CGrainsorghum— — — — — — —
11.01ACommonwheatflour 00000 — —
11.01BRyeflour 00000 — —
11.02Ala)Durumwheatgroatsandmeal 00000 — —
11.02Alb)Commonwheatgroatsandmeal 00000 — —
NB.ThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977),aslastamendedbyRegulation
(EEC)No501/85(OJNoL60,28.2.1985).