NoL237/50 OfficialJournalof'theEuropeanCommunities 1.9.90
COMMISSION REGULATION (EEC)No2525/90
of31August1990
fixingtheexportrefundsonoliveoil
Whereastheamountoftherefundmaynotexceedthe
differencebetweenthepriceofoliveoilintheCommu­
nityandthatontheworldmarket,adjusted,whereappro­
priate,totakeaccountofexportcostsfortheproductson
theworldmarket:
whereas,inaccordancewithArticle5ofRegulation
(EEC)No1650/86,itmaybedecidedthattherefund
shallbefixedbytender;
Whereasthetenderingprocedureshouldcoverthe
amountoftherefundandmaybelimitedtocertaincoun­
triesofdestination,quantities,qualitiesandpresenta­
tions;
WhereasthesecondindentofArticle2ofRegulation
(EEC)No1650/86providesthattherefundonoliveoil
maybevariedaccordingtodestinationwheretheworld
marketsituationorthespecificrequirementsofcertain
marketsmakethisnecessary;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheActofAccessionofSpainarid
Portugal,
HavingregardtoCouncilRegulationNo136/66/EECof
22September1966ontheestablishment ofacommon
organizationofthemarketinoilsandfats('),aslast
amendedbyRegulation(EEC)No2902/89(2),
HavingregardtoCouncilRegulation(EEC)No1650/86
of26May1986onexportrefundsandleviesonolive
oil(3),andinparticularthefirstsentenceofArticle3(1)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifferencebetween
thesepricesmaybecoveredbyarefundwhenoliveoilis
exportedtothirdcountries;
Whereasthedetailedrulesforfixingandgrantingexport
refundsonoliveoilarecontainedinRegulation(EEC)No
1650/86andCommission Regulation (EEC)No
616/72(4),aslastamendedbyRegulation (EEC)No
2962/77O;
WhereasthefirstindentofArticle2ofRegulation(EEC)
No1650/86providesthattherefundmustbethesame
forthewholeCommunity ;
Whereas,inaccordancewithArticle4ofRegulation
(EEC)No1650/86,therefundforoliveoilmustbefixed
inthelightoftheexistingsituationandoutlookinrela­
tiontooliveoilpricesandavailabilityontheCommunity
marketandoliveoilpricesontheworldmarket;
Whereas,however,wheretheworldmarketsituationis
suchthatthemostfavourableoliveoilpricescannotbe
determined,account-maybetakenofthepriceofthe
maincompetingvegetableoilsontheworldmarketand
thedifferencerecordedbetweenthatpriceandtheprice
ofoliveoilduringarepresentative period;Whereas,inviewofthepresentcircumstances inthe
GermanDemocraticRepublicandtheireffectsonthe
marketsituation,norefundshouldbefixedforproducts
tobeexportedtothatdestination ;
WhereasArticle3(1)ofRegulation(EEC)No1650/86
providesthattherefundmustbefixedatleastonceevery
month;whereasitmay,ifnecessary,bealteredinthe
interveningperiod;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinoliveoilandin
particulartooliveoilpriceswithintheCommunityand
onthemarketsofthirdcountriesthattherefundshould
beassetoutintheAnnexhereto:
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(®),aslastamendedbyRegula­
tion(EEC)No2205/900, (•)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL280,29.9.1989,p.2.
OOJNoL145,30.5.1986,p.8.
(4)OJNoL78,31.3.1972,p.1.ftOJNoL348,30.12.1977,p.53.(«)OJNoL164,24.6.1985,p.1.0OJNoL201,31.7.1990,p.9.

1.9.90 OfficialJournaloftheEuropeanCommunities NoL237/51
HASADOPTEDTHISREGULATION ; —fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
Whereas,pursuanttoArticle275oftheActofAccesion,
refundsmaybegrantedinthecaseofexportstoPortugal;
whereas,inthelightofthesituationandthelevelof
pricesnorefundshouldbefixedinthecaseofexportsto
Portugal;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforOilsandFats,Article1
1.TheexportrefundsontheproductslistedinArticle
1(2)(c)ofRegulationNo136/66/EECshallbeassetout
intheAnnexhereto.
2.Norefundshallbefixedforsuchproductsexported
totheGermanDemocraticRepublic.
Article2
ThisRegulationshallenterintoforceon1September
1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31August1990,.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommission Regulationof31August1990fixingtheexportrefundson
oliveoil
(ECU/100kg)
Productcode Amountofrefund(')
15091090100 63,50
15091090900 99,50
15099000100 72,70
15099000900 105,09
15100090100 15,50
15100090900 46,90
(')FordestinationsmentionedinArticle5ofamendedCommissionRegulation(EEC)No3665/87(OJNoL351,
14.12.1987,p.1),aswellasforexportstothirdcountries.
NB:TheproductcodesandthefootnotesaredefinedinamendedCommissionRegulation(EEC)
No3846/87(OJNoL366,24.12.1987,p.1).