1.10.87 OfficialJournaloftheEuropeanCommunities NoL278/25
COMMISSION REGULATION (EEC)No2920/87
of30September1987
fixingtherateoftheaidfordriedfodder
actualpurchasepossibilitiesexceptingthosewhichcannot
beconsideredrepresentative oftherealmarkettrend;
whereasoffersandquotationsrecordedduringthefirst25
daysofthemonthinquestionforquantitiesthatcanbe
deliveredduringthefollowingcalendarmontharetobe
used;whereastheaverageworld,marketpricethusdeter­
minedisusedtofixthesupplementary aidrateapplicable
onthefollowingmonth;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,andinparticularArticle5thereof,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation (EEC)No1117/78
of22May1978onthecommonorganization ,ofthe
marketindriedfodder('),aslastamendedbyRegulation
(EEC)No1960/87(2),andinparticularArticle5(3)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee ,
Whereas,underArticle5(1)ofRegulation (EEC)No
1117/78,whentheguidepriceishigherthantheaverage
worldmarketprice,aidisgivenfordriedfodderas
describedunderArticle1(b)and(c)ofthatRegulation
obtainedfromfodderplantsharvestedintheCommu­
nity;whereasthisaidisequaltoapercentageofthe
differencebetweenthesetwopricesfordehydratedfodder
andforproteinconcentrates ;whereastheaidforfodder
otherwisedriedincludesanamounttobededucted :Whereasthenecessaryadjustmentsmustbemadeinthe
caseofoffersandquotationsnotofthetypereferredto
above;whereastheseadjustmentsweredefinedinArticle
3ofCommissionRegulation (EEC)No1528/78of30
June1978layingdowndetailedrulesfortheapplication
ofthesystemofaidfordriedfodderC5),aslastamended
byRegulation (EEC)No2334/870;
Whereas,whennoofferoforquotationfortheproducts
describedinthefirstindentofArticle1(b)ofRegulation
(EEC)No1117/78canbeusedtodeterminetheaverage
worldmarketprice,itistobedeterminedfromofferson
theworldmarketof,andquotationson,theexchanges
importantforinternational tradefortheproducts
describedinthesecondindentofArticle1(b)ofRegula­
tion(EEC)No1117/78;
Whereas,underArticle3ofRegulation (EEC)No
1417/78,whennoofferorquotationcanbeusedtodeter­
minetheaverageworldmarketprice,thispriceisdeter­
minedonthebasisofhesumofthevalueofcompeting
products;whereasthoseproductsaredefinedinArticle3
(3)ofRegulation (EEC)No1528/78;
Whereas,underArticle11ofRegulation (EEC)No
1417/78,whenforwardpricesdifferfromthatapplyingin
themonthwhentheapplicationislodged,theaidrateis
adjustedbyacorrectingamountcalculatedfromthetrend
offorwardprices;Whereasthispercentageandiheguidepricewerefixed
byCouncilRegulation(EEC)No1961/87of2July1987
fixingtheguidepricefordriedfodderforthe1987/88
marketingyear(3);
WhereastheamountreferredtoinArticle5(2)ofRegula­
tion(EEC)No1117/78hasnotbeenfixedtodate;
whereastheamountoftheaidforfodderotherwisedried
hasonlybeenabletobecalculatedprovisionallyonthe
basisofanamounttobedeductedof43ECUpertonne;
Whereastheaverageworldmarketpriceisdeterminedfor
abulkpelletedproduct,deliveredtoRotterdam,ofthe
standardqualityforwhichtheguidepricehasbeenfixed;
Whereas,underCouncilRegulation(EEC)No1417/78of
19June1978ontheaidsystemfordriedfodder(4),aslast
amendedbyRegulation (EEC)No1173/87(*),theaverage
worldmarketpricefortheproductsdescribedinthefirst
indentofArticle1(b)ofRegulation(EEC)No1117/78is
tobedetermined onthebasisofthemostfavourableWhereasthecorrectingamountisequaltothedifference
betweentheaverageworldmarketpriceandtheaverage
forwardworldmarketpricemultipliedbythepercentage
fixedinArticle3ofCouncilRegulation (EEC)No
1315/85(8);whereaswhenforoneofthemonthsfol­
lowingthatoftheintroductionofaidtheaverageforward
worldmarketpricecannotbedeterminedbyapplyingthe
criteriaspecifiedinArticle1ofRegulation (EEC)No
1417/78,thepricedeterminedforthepreviousmonthis
')OJNoL142,30.5.1978,p.1.
(2)OJNoL184,3.7.1987.
3)OJNoL184,3.7.1987. («)OJNoL179,1.7.1978,p.10.
I7)OJNoL210,1.8.1987,p.63.
(8OJNoL137,27.5.1985,p.28.(4)OJNoL171,28.6.1978,p.1.0OJNoL113,30.4.1987,p.13.

NoL278/26 OfficialJournaloftheEuropeanCommunities 1.10.87
tiontotheCommunitycurrenciesreferredtointhe.
previousindentandtheaforesaidcoefficient ;
Whereas,pursuanttoArticle120(1)ofthe1985Actof
Accession,theSpanishpricemustbealignedwiththe
commonpriceinaccordancewiththemethodlaiddown
inArticle70ofthatAct';
Whereas,pursuanttoArticles120(2)and306(2)ofthe
Act-ofAccession,theaidapplicableinthesetwoMember
Statesistobeadjustedbyanamountequaltotheinci­
denceofcustomsdutiesonimportsoftheseproducts
fromthirdcountries;whereas,inaddition,inSpainthe
amountistobeadjustedbythedifference,multipliedby
thepercentageandtheamountreferredtoinArticle5(2)
ofRegulation(EEC)No1117/78,betweentheguideprice
appliedinSpainandthecommonguide,price;
Whereas,astheresultoftheapplicationsofallthese
provisionstotheoffersandquotationswhichthe.
Commission hasrecorded,therateoftheaidfordried
foddermustbefixedasindicatedinthetableannexedto
thisRegulation ,usedtocalculatethedifference ;whereaswhenfortwoor
moreconsecutivemonthsfollowingthatoftheintroduc­
tionofaid,theaverageforwardworldmarketprices
cannotbedeterminedbyapplyingthecriteriasetoutin
Article1ofRegulation (EEC)No1417/78,thepricesfor
themonthsinquestionaredeterminedbyapplyingthe
criterialaiddowninArticle3ofRegulation {EEC)No
1417/78;
Whereas,wheretheaverageworldmarketpriceNisdeter­
minedinaccordancewithArticle3ofRegulation(EEC)
No1417/78,thecorrectiveamountmustbeequaltothe
differencebetweentheaverageworldmarketpriceand
theaverageforwardworldmarketpricedeterminedby;
applyingthecriterialaiddowninArticle3(3)ofRegula­
tion(EEC)No1528/78andvalidfordeliveryduringa
monthotherthanthatinwhichtheaidisintroduced ,
adjustedbythepercentageandtheamountfixedunder.
Article5(2)ofRegulation (EEC)No1117/78forthe
productconcerned ;whereaswheretheaverageforward
worldmarketpriceforoneormoremonthscannotbe
determinedbyapplyingthecriterialaiddowninArticle3
(3)ofRegulation (EEC)No1528/78,thecorrective
amountmustbefixedforthemonthormonthsinques­
tionatalevelsuchthattheaidisequaltozero;
Whereas,iftheaidsystemistooperatenormally,refunds
shouldbecalculatedonthefollowingbasis;
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,«arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin:
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85('),aslastamendedbyRegula­
tion(EEC)No1636/87(2);
—forothercurrencies ,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­HASADOPTED THISREGULATION :
Article1
TherateoftheaidreferredtoinArticle5(3)ofRegula­
tion(EEC)No1117/78isfixedintheAnnextothis
Regulation,
Article2
ThisRegulationshallenterintoforceon1October1987.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1987.
FortheCommission
FransANDRIESSEN
Vice-President
(')OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

1.10.87 OfficialJournaloftheEuropeanCommunities NoL278/27
ANNEX :
totheCommissionRegulationof30September1987fixingtherateoftheaidfordried
fodder
Aidapplicablefrom1October1987todriedfodder
(ECU/tonne)_
Dehydratedfodderex12.TOB
Proteinconcentrates ex23.06BFodderotherwisedried
ex12.10B
Spain PortugalOther
Member
StatesSpain PortugalOther
Member
States
Aid 74,744 94,956 96,804 31,744 -51,956 53,804
Aidincaseofadvancefixingforthemonthof:
- J (ECU/tonne)
November 1987 74,705 94,917.96,765 31,705 „51,917 53,765
December1987 74,705"94,917 96,765 31,705 51,917 53,765-
January1988 74,061-94,258 96,121 31,061 51,258 53,121
February1988 74,061 :94,258 96,121 31,061 51,258 53,121
March1988 74,061 94,258 96,121 31,061 51,258 53,121