13.9.91OfficialJournaloftheEuropeanCommunities NoL256/45
COMMISSION REGULATION (EEC)No2707/91
of12September1991
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,
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(6),aslastamendedbyRegula­
tion(EEC)No2205/90J7),
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
tJournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefundsf)providesthatwhenrefunds
arebeingfixedaccountmustbetakenoftheexisting
situationandthefuturetrendwithregardtopricesand
availabilitiesofcerealsontheCommunitymarketonthe
onehandandpricesforcerealsandcerealproductson
theworldmarketontheother;whereasthesameArticle
providesthatitisalsoimportanttoensureequilibrium
andthenaturaldevelopmentofpricesandtradeoncereal
marketsand,furthermore ,totakeintoaccountthe
economicaspectoftheproposedexports,andtheneedto
avoiddisturbancesontheCommunitymarket;HASADOPTEDTHISREGULATION :
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfrom,rice(4),aslast
amendedbyRegulation(EEC)No1906/87Q,definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessedArticle2
ThisRegulationshallenterintoforceon13September
1991. (')OJ'NoL281,1.11.1975,p.1.
(2)OJNoL353,17.12.1990,p.23.
(3)OJNoL281,1.11.1975,p.78.
■(*)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.(<)OJNoL164,24.6.1985,p.1.0OJNoL201,31.7.1990,p.9.

NoL256/46 OfficialJournaloftheEuropeanCommunities 13.9.91
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,12September1991.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommissionRegulationof12September1991fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 100,00
11071099000 112,00
11072000000 130,00
NB.:Theproductcodesandthefootnotesaredefinedinamended
CommissionRegulation(EEC)No3846/87asamended(OJNoL
366,24.12.1987,p.1).