NoL14/42 OfficialJournaloftheEuropeanCommunities 16.1.87
COMMISSION REGULATION (EEC)No116/87
of15January1987
fixingthecorrectiveamountapplicabletotherefundoncereals
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;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals0,aslastamendedbyRegulation(EEC)
No1579/86(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)No1588/860,made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(c)ofRegulation (EEC)No
2727/75;
WhereasCommissionRegulation(EEC)No1281/750
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixed,accountmustbetakenoftheexis­
tingsituationandthefuturetrendwithregardtoprices
andavailabilitiesofcerealsontheCommunitymarketon
theonehandandpossibilitiesandconditionsforthesale
ofcerealsandcerealproductsontheworldmarketonthe
other;whereasthesameRegulationprovidesthatitis
alsoimportanttoensureequilibriumandthenatural
developmentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspectofHASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsshall
beassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon16January
1987.(')OJNoL281,1.11.1975,p.1.
(2)OJNoL139,24.5.1986,p.29.
(3)OJNoL281,1.11.1975,p.78.
(«)OJNoL281,1.11.1975,p.65.0OJNoL139,24.5.1986,p.47.(jOJNoL131,22.5.1975,p.15. f)OJNoL164,24.6.1985,p.1.

16.1.87 OfficialJournaloftheEuropeanCommunities NoL14/43
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,15January1987.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof15January1987fixingthecorrectiveamountapplicable
totherefundoncereals
(ECU/tonne)
CCT
heading
NoDescriptionCurrent
11stperiod
22ndperiod
33rdperiod
44thperiod
55thperiod
66thperiod
7
10.01BICommonwheatandmeslin IIII \
forexportsto: \\ \l\
—China 0+6,00—4,00—4,00—4,00—4,00—30,00
—otherthirdcountries 00—10,00—10,00—10,00—10,00—30,00
10.01BIIDurumwheat 00000 — —
10.02 Rye 00000 — —
10.03 Barley 00000—20,00—20,00
10.04 Oats — — — — — — —
10.05BMaizeotherthanhybridmaizeforlIlIIlIl I
sowing 000 — — — —
10.07CIIGrainsorghum,otherthanhybridIIIlIlIII \
sorghumforsowing— — — — — — —
11.01ACommonwheatflour 000000—50,00
11.01BRyeflour 000000—50,00
11.02AIa)Durumwheatgroatsandmeal 000000—50,00
11.02Alb)Commonwheatgroatsandmeal 000000—50,00
N.B.ThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977),aslastamendedbyRegulation(EEC)No3817/85(OJNoL
368,31.12.1985).