11.10.91 NoL283/12 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No2977/91
of10October1991
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No3577/90(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No2205/90Q,
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3)providesthatwhenrefunds
arebeingfixedaccountmustbetakenoftheexisting
situationandthefuturetrendwithregardtopricesand
availabilitiesofcerealsontheCommunitymarketonthe
onehandandpricesforcerealsandcerealproductson
theworldmarketontheother;whereasthesameArticle
providesthatitisalsoimportanttoensureequilibrium
andthenaturaldevelopmentofpricesandtradeoncereal
marketsand,furthermore ,totakeintoaccountthe
economicaspectoftheproposedexports,andtheneedto
avoiddisturbancesontheCommunitymarket;HASADOPTEDTHISREGULATION :
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(*),definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessedArticle2
ThisRegulationshallenterintoforceon11October
1991. ')OJNoL281,1.11.1975,p.1.
2)OJNoL353,17.12.1990,p.23.
OOJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
OOJNoL182,3.7.1987,p.49.(«)OJNoL164,24.6.1985,p.1.
OOJNoL201,31.7.1990,p.9.

NoL283/13 11.10.91 OfficialJournaloftheEuropeanCommunities
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,10October1991.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommissionRegulationof10October1991fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000
11071099000
"11072000000102,00
114,00
132,00
NB:Theproductcodesandthefootnotesaredefinedinamended
CommissionRegulation(EEC)No3846/87asamended(OJNoL
366,24.12.1987,p.1).