29.9.88 OfficialJournaloftheEuropeanCommunities NoL269/13
COMMISSION REGULATION (EEC)No2968/88
of28September1988
fixingtheexportrefundsonwhitesugarandrawsugarexportedinitsunaltered
state
applytotheirsucrosecontentand,accordingly,befixed
per1%ofthesaidcontent;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforsugaraccordingtodestination ;
Whereas,inspecialcases,theamountoftherefundmay
befixedbyotherlegalinstruments ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(8),aslastamendedbyRegula­
tion(EEC)No1636/87(9),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ;
Whereastherefundmustbefixedeverytwoweeks;
whereasitmaybealteredintheinterveningperiod;
Whereasitfollowsfromapplyingtherulessetoutabove
tothepresentsituationonthemarketinsugarandin
particulartoquotationsorpricesforsugarwithinthe
Communityandontheworldmarketthattherefund
shouldbeassetoutintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforSugar,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1785/81
of30June1981onthecommonorganizationofthe
marketsinthesugarsector('),aslastamendedbyRegula­
tion(EEC)No2306/88(2),andinparticularpoint(a)of
thefirstsubparagraph ofArticle19(4)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle19ofRegulation (EEC)No1785/81
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1
(1)(a)ofthatRegulationandpricesforthoseproducts
withintheCommunitymaybecoveredbyanexport
refund;
WhereasCouncilRegulation(EEC)No766/68of18June
1968layingdowngeneralrulesforgrantingexport
refundsonsugar(3),aslastamendedbyRegulation(EEC)
No1489/76(4),providesthatwhenrefundsonwhiteand
rawsugar,undenaturedandexportedinitsunalteredstate
arebeingfixedaccountmustbetakenofthesituationon
theCommunityandworldmarketsinsugarandinparti­
cularofthepriceandcostfactorssetoutinArticle3of
thatRegulation ;whereasthesameArticleprovidesthat
theeconomicaspectoftheproposedexportsshouldalso
betakenintoaccount;
Whereastherefundonrawsugarmustbefixedinrespect
ofthestandardquality;whereasthelatterisdefinedin
Article1ofCouncilRegulation(EEC)No431/68of9
April1968determiningthestandardqualityforrawsugar
andfixingtheCommunityfrontiercrossingpointfor
calculatingcifpricesforsugar(^;whereas,furthermore ,
thisrefundshouldbefixedinaccordancewithArticle5
(2)ofRegulation(EEC)No766/68;whereascandysugar
isdefinedinCommissionRegulation(EEC)No394/70of
2March1970ondetailedrulesforgrantingexport
refundsonsugar(6),asamendedbyRegulation (EEC)No
1714/88(7);whereastherefundthuscalculatedforsugar
containingaddedflavouringorcolouringmattermustHASADOPTEDTHISREGULATION
Article1
TheexportrefundsontheproductslistedinArticle1(1)
(a)ofRegulation(EEC)No1785/81undenaturedand
exportedintheirunalteredstateshallbeassetoutinthe
Annexhereto.
Article2
ThisRegulationshallenterinto-forceon29September
1988.(')OJNoL177,1.7.1981,p.4.0OJNoL201,27.7.1988,p.65.0OJNoL143,25.6.1968,p.6.
(4)OJNoL167,26.6.1976,p.13.
Is)OJNoL89,10.4.1968,p.3.
(*)OJNoL50,4.3.1970,p.1.0OJNoL152,18.6.1988,p.23.(8)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

NoL269/14 OfficialJournaloftheEuropeanCommunities 29.9.88
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28September1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof28September1988fixingtheexportrefundsonwhite
sugarandrawsugarexportedinitsunalteredstate
(ECU)
Amountofrefund
Productcode
per100legperpercentagepointof
sucrosecontentand
per100kgnetofthe
productinquestion
17011190100 34,69(')
17011190910 32,69(')
17011190950 0
17011290100 34,69(■)
17011290910 32,69(')
17011290950 (2)
17019100000 0,3771
17019910100 37,71
17019910910 40,27L
17019910950 36,17
17019990100||0,3771
(')Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,
therefundapplicableiscalculatedinaccordancewiththeprovisionsofArticle
5(3)ofRegulation (EEC)No766/68.
(2)FixingsuspendedbyCommissionRegulation(EEC)No2689/85(OJNoL255,
26.9.1985,p.12),asamendedbyRegulation(EEC)No3251/85(OJNoL309,
21.11.1985,p.14).