29.2.92 OfficialJournaloftheEuropeanCommunities NoL55/63
COMMISSION REGULATION (EEC)No500/92
of28February1992
fixingtherateoftheaidfordriedfodder
above;whereastheseadjustmentsweredefinedinArticle
3ofCommissionRegulation(EEC)No1528/78of30
June1978layingdowndetailedrulesfortheapplication
ofthesystemofaidfordriedfodder(6),aslastamended
byRegulation(EEC)No1757/900;
Whereas,inaccordancewithArticle3ofRegulation
(EEC)No1417/78,whennoofferorquotationcanbe
usedtodeterminetheaverageworldmarketprice,that
priceisdeterminedonthebasisofthesumofthevalue
ofcompetingproducts;whereasthoseproductsare
definedinArticle3(3)ofRegulation(EEC)No1528/78;
Whereas,pursuanttoArticle11ofRegulation(EEC)No
1417/78,whenforwardpricesdifferfromthatapplyingin
themonthwhentheapplicationislodged,theaidrateis
adjustedbyacorrectingamountcalculatedfromthetrend
offorwardprices;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1117/78
of22May1978onthecommonorganizationofthe
marketindriedfodder('),aslastamendedbyRegulation
(EEC)No2275/89(2),andinparticularArticle5(3)
thereof,
Whereas,underArticle5(1)ofRegulation(EEC)No
1117/78,whentheguidepriceishigherthantheaverage
worldmarketprice,aidisgrantedfordriedfodderas
describedunderArticle1(b)and(c)ofthatRegulation
andobtainedfromfodderplantsharvestedinthe
Community ;whereasthataidtakesaccountofa
percentageofthedifferencebetweenthesetwoprices;
Whereasthispercentageandtheguidepricewerefixed
byCouncilRegulation(EEC)No1627/91(3)forthe
1991/92marketingyear;
Whereastheaverageworldmarketpriceisdeterminedfor
abulkpelletedproduct,deliveredtoRotterdam,ofthe
standardqualityforwhichtheguidepricehasbeenfixed;
Whereas,underCouncilRegulation(EEC)No1417/78of
19June1978ontheaidsystemfordriedfodder(4),aslast
amendedbyRegulation(EEC)No1110/89(*),theaverage
worldmarketpricefortheproductsdescribedinthefirst
andthirdindentsofArticle1(b)ofRegulation(EEC)No
1117/78istobedeterminedonthebasisofthemost
favourableactualpurchasepossibilitiesexceptingthose
whichcannotbeconsideredrepresentative ofthereal
markettrend;whereasoffersandquotationsrecorded
duringthefirst25daysofthemonthinquestionfor
quantitiesthatcanbedeliveredduringthefollowing
calendarmontharetobeused;whereastheaverageworld
marketpricethusdeterminedisusedtofixtheaidrate
applicableonthefollowingmonth;
Whereasthenecessaryadjustmentsmustbemadeinthe
caseofoffersandquotationsnotofthetypereferredtoWhereas,wheretheaverageworldmarketpriceisdeter­
minedinaccordancewithArticle3ofRegulation(EEC)
No1417/78,thecorrectiveamountmustbeequaltothe
differencebetweentheaverageworldmarketpriceand
theaverageforwardworldmarketpricedeterminedby
applyingthecriterialaiddowninArticle3(3)ofRegula­
tion(EEC)No1528/78andvalidfordeliveryduringa
monthotherthanthatinwhichtheaidisintroduced,
adjustedbythepercentagefixedunderArticle5(2)of
Regulation(EEC)No1117/78;whereaswheretheaverage
forwardworldmarketpriceforoneormoremonths
cannotbedeterminedbyapplyingthecriterialaiddown
inArticle3(3)ofRegulation (EEC)No1528/78,the
correctiveamountmustbefixedforthemonthormonths
inquestionatalevelsuchthattheaidisequaltozero;
Whereas,iftheaidsystemistooperatenormally,refunds
shouldbecalculatedonthefollowingbasis;
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,aconversionratebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(8),aslastamendedbyRegula­
tion(EEC)No2205/90(9),
(')OJNoL142,30.5.1978,p.1.
OOJNoL218,28.7.1989,p.1.
(3)OJNoL150,15.6.1991,p.15.
(4)OJNoL171,28.6.1978,p.1.0OJNoL118,29.4.1989,p.1.(*)OJNoL179,1.7.1978,p.10.0OJNoL162,28.6.1990,p.21.
(8)OJNoL164,24.6.1985,p.1.0OJNoL201,31.7.1990,p.9.

NoL55/64 OfficialJournaloftheEuropeanCommunities 29.2.92
Commissionhasrecorded,therateoftheadditionalaid
fordriedfoddermustbefixedasindicatedinthetable
annexedtothisRegulation,
HASADOPTEDTHISREGULATION :—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
Whereastherateoftheadditionalaidmustbefixedonce
permonthsoastoensureapplicationoftheaidfromthe
firstdayofthemonthfollowingthedateofitsfixing;
Whereas,pursuanttoArticles120(2)and306(2)ofthe
ActofAccession,theadditionalaidapplicableinthese
twoMemberStatesistobeadjustedbyanamountequal
totheamountofcustomsdutiesonimportsofthese
productsfromthirdcountries;whereas,inaddition,in
Spaintheamountistobeadjustedbythedifference,
multipliedbythepercentagereferredtoinArticle5(2)of
Regulation(EEC)No1117/78,betweentheguideprice
appliedinSpainandthecommonguideprice;
Whereas,astheresultoftheapplicationsofallthese
provisionstotheoffersandquotationswhichtheArticle1
TherateoftheaidreferredtoinArticle5(3)ofRegula­
tion(EEC)No1117/78isfixedintheAnnextothis
Regulation.
Article2
ThisRegulationshallenterintoforceon1March1992.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission

29.2.92 OfficialJournaloftheEuropeanCommunities NoL55/65
ANNEX
todieCommissionRegulationof28February1992fixingtherateoftheaidfordriedfodder
Aidapplicablefrom1stMarch1992todriedfodder:
(ECU/tonne)
Fodderdehydratedbyartificialheatdrying
ProteinconcentratesFodderotherwisedried
Other Other
Spain Portugal Member Portugal Member
States States
Aid 74,056 73,730 74,056 40,790 41,116
Aidincaseofadvancefixingforthemonthof:
fECU/tonne)
April1992 74,105 73,780 74,105 40,840 41,165
May1992(>) 0,000 0,000 0,000 0,000 0,000
June1992(') 0,000 0,000 0,000 0,000 0,000
July1992(') 0,000 0,000 0,000 0,000 0,000
August1992(') 0,000 0,000 0,000 0,000 0,000
September1992(') 0,000 0,000 0,000 0,000 0,000
October1992(') 0,000 0,000 0,000 0,000 0,000
(')InaccordancewithArticle6(b)ofRegulation(EEC)No1528/78.