OfficialJournaloftheEuropeanCommunitiesNoL26/45
30.1.88
COMMISSION REGULATION (EEC)No267/88
of29January1988
fixingtherateoftheaidfordriedfodder
THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,Whereastheaverageworldmarketpriceisdeterminedfor
abulkpelletedproduct,deliveredtoRotterdam,ofthe
standardqualityforwhichtheguidepricehasbeenfixed;
Whereas,underCouncilRegulation(EEC)No1417/78of
19June1978ontheaidsystemfordriedfodder(*),aslast
amendedbyRegulation(EEC)No1173/87{%theaverage
worldmarketpricefortheproductsdescribedinthefirst
indentofArticle1(b)ofRegulation(EEC)No1117/78is
tobedeterminedonthebasisofthemostfavourable
actualpurchasepossibilitiesexceptingthosewhichcannot
beconsideredrepresentativeoftherealmarkettrend;
whereasoffersandquotationsrecordedduringthefirst25
daysofthemonthinquestionforquantitiesthatcanbe
deliveredduringthefollowingcalendarmontharetobe
used;whereastheaverageworldmarketpricethusdeter­
minedisusedtofixthesupplementaryaidrateapplicable
onthefollowingmonth;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle5thereof,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1117/78
of22May1978onthecommonorganizationofthe
marketindriedfodder('),aslastamendedbyRegulation
(EEC)No3996/87(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
ofthesystemofaidfordriedfodder(^aslastamended
byRegulation(EEC)No2334/87(8);
Whereas,whennoofferoforquotationfortheproducts
describedinthefirstindentofArticle1(b)ofRegulation
(EEC)No1117/78canbeusedtodeterminetheaverage
worldmarketprice,itistobedeterminedfromofferson
theworldmarketof,andquotationson,theexchanges
importantforinternationaltradefortheproducts
describedinthesecondindentofArticle1(b)ofRegula­
tion(EEC)No1117/78;•
Whereas,underArticle3ofRegulation(EEC)No
1417/78,whennoofferorquotationcanbeusedtodeter­
minetheaverageworldmarketprice,thispriceisdeter­
minedonthebasisofhesumofthevalueofcompeting
products;whereasthoseproductsaredefinedinArticle3
(3)ofRegulation(EEC)No1528/78;Whereasthispercentageandtheguidepricewerefixed
byCouncilRegulation(EEC)No1961/87of2July1987
fixingtheguidepricefordriedfodderforthe1987/88
marketingyear(3);
WhereasCommissionRegulation(EEC)No2334/87(),
fixedtheratereferredtoinArticle5(2)ofRegulation
(EEC)No1117/78;
Whereas,intheabsenceoftheguidepricefordried
fodderandofthepercentagereferredtoinArticle5of
Regulation(EEC)No1117/78andoftheintervention
priceforbarleyforthe1988/89marketingyear,therate
oftheaidincaseofadvancefixingforthemonths
concernedhasbeenobtainableonlyprovisionallyand
shouldbeconfirmedorreplacedoncetheguidepriceand
thepercentagesreferredtoinArticle5dfRegulation
(EEC)No1117/78andoftheinterventionpriceforbarley
forthe1988/89marketingyearareknown;Whereas,underArticle11ofRegulation(EEC)No
1417/78,whenforwardpricesdifferfromthatapplyingin
themonthwhentheapplicationislodged,theaidrateis
adjustedbyacorrectingamountcalculatedfromthetrend
offorwardprices;
nOJNoL171,28.6.1978,p.1.
f6)OJNoL113,30.4.1987,p.13.
P)OJNoL179,1.7.1978,p.10.
(8)OJNoL210,1.8.1987,p.63.(')OJNoL142,30.5.1978,p.1.
(2)OJNoL377,31.12.1987.
(3)OJNoL184,3.7.1987,p.7.
(4)OJNoL210,1.8.1987,p.63.

NoL26/46 OfficialJournaloftheEuropeanCommunities 30.1.88
whereasthecorrectingamountisequaltothedifference
betweentheaverageworldmarketpriceandtheaverage
forwardworldmarketpricemultipliedbythepercentage
fixedinArticle3ofCouncilRegulation(EEC)No
1315/85(');whereaswhenforoneofthemonthsfol­
lowingthatoftheintroductionofaidtheaverageforward
worldmarketpricecannotbedeterminedbyapplyingthe
criteriaspecifiedinArticle1ofRegulation (EEC)No
1417/78,thepricedeterminedforthepreviousmonthis
usedtocalculatethedifference;whereaswhenfortwoor
moreconsecutivemonthsfollowingthatoftheintroduc­
tionofaid,theaverageforwardworldmarketprices
cannotbedeterminedbyapplyingthecriteriasetoutin
Article1ofRegulation(EEC)No1417/78,thepricesfor
themonthsinquestionaredeterminedbyapplyingthe
criterialaiddowninArticle3ofRegulation(EEC)No
1417/78;
Whereas,wheretheaverageworldmarketpriceisdeter­
minedinaccordancewithArticle3ofRegulation(EEC)
No1417/78,thecorrectiveamountmustbeequaltothe
differencebetweentheaverageworldmarketpriceand
theaverageforwardworldmarketpricedeterminedby
applyingthecriterialaiddowninArticle3(3)ofRegula­
tion(EEC)No1528/78andvalidfordeliveryduringa
monthotherthanthatinwhichtheaidisintroduced,
adjustedbythepercentagefixedunderArticle5(2)of
Regulation(EEC)No1117/78fortheproductconcerned;
whereaswheretheaverageforwardworldmarketpricefor
oneormoremonthscannotbedeterminedbyapplying
thecriterialaiddowninArticle3(3)ofRegulation(EEC)
No1528/78,thecorrectiveamountmustbefixedforthe
monthormonthsinquestionatalevelsuchthattheaid
isequaltozero;
Whereas,iftheaidsystemistooperatenormally,refunds
shouldbecalculatedonthefollowingbasis;
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­tion(EEC)No1676/85(2),aslastamendedbyRegula­
tion(EEC)No1636/87(3);
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient;
Whereas,pursuanttoArticles120(2)and306(2)ofthe
ActofAccession,theaidapplicableinthesetwoMember
Statesistobeadjustedbyanamountequaltotheinci­
denceofcustomsdutiesonimportsoftheseproducts
fromthirdcountries;whereas,inaddition,inSpainthe
amountistobeadjustedbythedifference,multipliedby
thepercentageandtheamountreferredtoinArticle5(2)
ofRegulation(EEC)No1117/78,betweentheguideprice
appliedinSpainandthecommonguideprice;
Whereas,astheresultoftheapplicationsofallthese
provisionstotheoffersandquotationswhichthe
Commission hasrecorded,therateoftheaidfordried
foddermustbefixedasindicatedinthetableannexedto
thisRegulation,
HASADOPTEDTHISREGULATION :
Article1
1.TherateoftheaidreferredtoinArticle5(3)of
Regulation(EEC)No1117/78isfixedintheAnnexto
thisRegulation.
2.Therateoftheaidincaseofadvancefixingforthe
1988/89marketingyearshall,however,beconfirmedor
replacedwitheffectfrom1February1988totakeinto
accountthepricesandmeasuresintheAnnexfixedfor
the1988/89marketingyear.
Article2
ThisRegulationshallenterintoforceon1February1988.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29January1988.
FortheCommission
FransANDRIESSEN
Vice-President
(2)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1. (')OJNoL137,27.5.1985,p.28.

OfficialJournaloftheEuropeanCommunitiesNoL26/4730.1.88
ANNEX
totheCommissionRegulationof29January1988fixingtherateoftheaidfordriedfodder
Aidapplicablefrom1February1988todriedfodder
(ECU/tonne)
Fodderdehydratedbyartificialheat-drying
ProteinconcentratesFodderotherwisedried
PortugalSpain PortugalOther
Member
StatesSpainOther
Member
States
88,780 23,720 44,090 45,780
Aid 66,720 87,090
Aidincaseofadvancefixingforthemonthof:
(ECU/tonne)
87,186
90,493
92,761
92,761
92,765
92,765
0,000
0,00088,874
92,120
94,347
94,347
94,351
94,351
0,000
0,00023,814
27,060
29,287
29,287
29,291
29,291
0,000
0,00044,186
47,493
49,761
49,761
49,765
49,765
0,000
0,00045,874
49,120
51,347
51,347
51,351
51,351
0,000
0,000March1988
April1988
May1988(')
June1988(')
July19880
August19880
September19880
October1988066,814
70,060
72,287
72,287
72,291
72,291
0,000
0,000
(')Subjectinthecaseofadvancefixingforthe1988/89marketingyeartotheadoptionofpricesandrelatedmeasuresforthatmarketingyear.
(2)InaccordancewithArticle6(b)ofRegulation(EEC)No1528/78.