No L87/64 Official Journal oftheEuropean Communities 31.3.88
COMMISSION REGULATION (EEC )No 868/88
of30March 1988
fixing therate oftheaidfordried fodder
THE COMMISSION OFTHE EUROPEAN COMMUNITIES , Whereas theaverage world market price isdetermined for
abulk pelleted product ,delivered toRotterdam ,ofthe
standard quality forwhich theguide price hasbeen fixed ;
Having regard totheTreaty establishing theEuropean
Economic Community ,andinparticular Article 5thereof ,
Having regard totheAct ofAccession ofSpain and
Portugal ,Whereas ,under Council Regulation (EEC )No1417/78of
19June 1978 ontheaidsystem fordried fodder (*),aslast
amended byRegulation (EEC )No 1173/87(%theaverage
world market price fortheproducts described inthefirst
indent ofArticle 1(b)ofRegulation (EEC )No1117/78is
tobedetermined onthe basis ofthe most favourable
actual purchase possibilities excepting those which cannot
beconsidered representative ofthe real market trend ;
whereas offers andquotations recorded during thefirst 25
days ofthemonth inquestion forquantities that canbe
delivered during thefollowing calendar month aretobe
used ;whereas theaverage world market price thus deter­
mined isused tofixthesupplementary aidrateapplicable
onthefollowing month ;Having regard toCouncil Regulation (EEC )No1117/78
of22May 1978 onthecommon organization ofthe
market indried fodder ('),aslastamended byRegulation
(EEC )No 3996/87(2),and inparticular Article 5(3)
thereof ,
Having regard totheopinion oftheMonetary Committee ,
Whereas thenecessary adjustments must bemade inthe
case ofoffers andquotations notofthetype referred to
above ;whereas these adjustments were defined inArticle
3ofCommission Regulation (EEC )No 1528/78of30
June 1978 laying down detailed rules fortheapplication
ofthesystem ofaidfordried fodder (*),aslastamended
byRegulation (EEC )No2334/87(8);Whereas ,under Article 5(1)ofRegulation (EEC )No
1117/78,when theguide price ishigher than theaverage
world market price ,aid isgiven fordried fodder as
described under Article 1(b)and (c)ofthat Regulation
obtained from fodder plants harvested intheCommu­
nity ;whereas this aidisequal toapercentage ofthe
difference between these twoprices fordehydrated fodder
andforprotein concentrates ;whereas theaidforfodder
otherwise dried includes anamount tobededucted ;
Whereas this percentage andtheguide price were fixed
byCouncil Regulation (EEC )No1961/87of2July 1987
fixing theguide price fordried fodder forthe1987/88
marketing year (3);Whereas ,when nooffer oforquotation fortheproducts
described inthefirstindent ofArticle 1(b)ofRegulation
(EEC )No1117/78canbeused todetermine theaverage
world market price ,itistobedetermined from offers on
theworld market of,and quotations on,theexchanges
important for international trade for the products
described inthesecond indent ofArticle 1(b)ofRegula­
tion (EEC )No 1117/78;
Whereas Commission Regulation (EEC )No2334/87(4),
fixed therate referred toinArticle 5(2)ofRegulation
(EEC )No1117/78; Whereas ,under Article 3ofRegulation (EEC )No
1417/78,when nooffer orquotation canbeused todeter­
mine theaverage world market price ,this price isdeter­
mined onthebasis ofhesum ofthevalue ofcompeting
products ;whereas those products aredefined inArticle 3
(3)ofRegulation (EEC )No 1528/78;Whereas ,intheabsence oftheguide price fordried
fodder andofthepercentage referred toinArticle 5of
Regulation (EEC )No 1117/78and oftheintervention
price forbarley forthe1988/89marketing year ,therate
oftheaidincase ofadvance fixing forthemonths
concerned hasbeen obtainable only provisionally and
should beconfirmed orreplaced once the'guide price and
thepercentages referred toinArticle 5ofRegulation
(EEC )No 1117/78andoftheintervention price forbarley
forthe 1988/89marketing year areknown ;Whereas ,under Article 11ofRegulation (EEC )No
1417/78,when forward prices differ from thatapplying in
themonth when theapplication islodged ,theaidrate is
adjusted byacorrecting amount calculated from thetrend
offorward prices ;
(')OJNo L142,30.5.1978 ,p.1.0OJNoL377,31.12.1987 ,p.34.
3)OJNo L184,3.7.1987 ,p.7.0OJNo L171,28.6.1978 ,p.1.
(«)OJNo L113,30.4.1987 ,p.13.0OJNo L179,1.7.1978 ,p.10.
(')OJNo L210,1.8.1987 ,p.63. (*)OJNo L210,1.8.1987 ,p.63.

 31.3.88 Official Journal oftheEuropean Communities No L87/65
Whereas thecorrecting amount isequal tothedifference
between theaverage world market price andtheaverage
forward world market price multiplied bythepercentage
fixed inArticle 3ofCouncil Regulation (EEC )No
1315/85(');whereas when forone ofthemonths fol­
lowing thatoftheintroduction ofaidtheaverage forward
world market price cannot bedetermined byapplying the
criteria specified inArticle 1ofRegulation (EEC )No
1417/78,theprice determined fortheprevious month is
used tocalculate thedifference {whereas when fortwoor
more consecutive months following that oftheintroduc­
tion ofaid,the average forward world market prices
cannot bedetermined byapplying thecriteria setoutin
Article 1ofRegulation (EEC )No1417/78,theprices for
Jhemonths inquestion aredetermined byapplying the
criteria laid down inArticle 3ofRegulation (EEC )No
1417/78;
Whereas ,where theaverage world market price isdeter­
mined inaccordance with Article 3ofRegulation (EEC )
No1417/78,thecorrective amount must beequal tothe
difference between theaverage world market price and
theaverage forward world market price determined by
applying thecriteria laiddown inArticle 3(3)ofRegula­
tion (EEC )No1528/78and valid fordelivery during a
month other than that inwhich theaidisintroduced ,
adjusted bythepercentage fixed under Article 5(2)of
Regulation (EEC )No1117/78fortheproduct concerned ;
whereas where theaverage forward world market price for
oneormore months cannot bedetermined byapplying
thecriteria laiddown inArticle 3(3)ofRegulation (EEC )
No1528/78,thecorrective amount must befixed forthe
month ormonths inquestion atalevel such thattheaid
isequal tozero ;
Whereas ,iftheaidsystem istooperate normally ,refunds
should becalculated onthefollowing basis ;
—inthecase ofcurrencies which aremaintained inrela­
tiontoeach other atanygiven moment within aband
of2,25%,arate ofexchange based ontheir central
rate,multiplied bythecorrective factor provided forin
thelastparagraph ofArticle 3(1)ofCouncil Regula­tion (EEC )No1676/85(2),aslastamended byRegula­
tion (EEC )No1636/87(3);
—forother currencies ,anexchange rate based onthe
arithmetic mean ofthespot market rates ofeach of
these currencies recorded over agiven period inrela­
tion totheCommunity currencies referred tointhe
previous indent and theaforesaid coefficient ;
Whereas ,pursuant toArticles 120 (2)and 306 (2)ofthe
ActofAccession ,theaidapplicable inthese twoMember
States istobeadjusted byanamount equal totheinci­
dence ofcustoms duties onimports ofthese products
fjrom third countries ;whereas ,inaddition ,inSpain the
amount istobeadjusted bythedifference ,multiplied by
thepercentage andtheamount referred toinArticle 5(2)
ofRegulation (EEC )No1117/78,between theguide price
applied inSpain and thecommon guide price ;
Whereas ,astheresult oftheapplications ofallthese
provisions tothe offers and quotations which the
Commission has recorded ,therate oftheaidfordried
fodder must befixed asindicated inthetable annexed to
this Regulation ,
HAS ADOPTED THIS REGULATION :
Article 1
1.The rate oftheaidreferred toinArticle 5(3)of
Regulation (EEC )No1117/78isfixed intheAnnex to
this Regulation .
2.The rateoftheaidincase ofadvance fixing forthe
1988/89marketing year shall ,however ,beconfirmed or
replaced with effect from 1April 1988 totake into
account theprices and measures intheAnnex fixed for
the1988/89marketing year .
>Article 2 •
This Regulation shall enter into force on1April 1988 .
This Regulation shall bebinding initsentirety and directly applicable inallMember
States .
Done atBrussels ,30March 1988 .
For the Commission
Frans ANDRIESSEN
Vice-President
(')OJNoL137,27.5.1985 ,p.28.0OJNo L164,24.6.1985 ,p.1.
OOJNo L153,13.6.1987 ,p.1.

No L87/66 Official Journal oftheEuropean Communities 31.3.88
ANNEX
totheCommission Regulation of30March 1988 fixing therate oftheaidfordried fodder
Aid applicable from 1April 1988 todried fodder
(ECU/tonne)
IFodder dehydrated byartificial heat-drying
Protein concentratesFodder otherwise dried
Spain PortugalOther
Member
StatesSpain PortugalOther
Member
States
Aid 59,854 80,095 81,914 16,854 37,095 38,914
Aid incase ofadvance fixing forthemonth of:
(ECU/tonne)
May 1988 (') 62,095 82,378 84,155 19,095 39,378 41,155
June 1988 (') 62,450 82,740 84,510 19,450 39,740 41,510
July 19880 65,031 85,369 87,091 22,031 42,369 44,091
August 19880 65,031 85,369 87,091 22,031 42,369 44,091
September 19880 64,205 84,528 86,265 21,205 41,528 43,265
October 19880 64,934 85,270 86,994 21,934 42,270 43,994
November 19880 64,436 84,763 86,496 21,436 41,763 43,496
December 19880 64,436 84,763 86,496 21,436 41,763 43,496
January 19890 0,000 0,000 0,000 0,000 0,000 0,000
February 19890 0,000 0,000 0,000 0,000 0,000 0,000
March 19890 0,000 0,000 0,000 0,000 0,000 0,000
(')Subject inthecase ofadvance fixing forthe1988/89marketing year totheadoption ofprices andrelated measures forthat marketing year .
(AInaccordance with Article 6(b)ofRegulation (EEC )No1528/78.