1.3.88 OfficialJournaloftheEuropeanCommunities NoL54/33
COMMISSION REGULATION (EEC)No551/88
of29February1988
fixingtherateoftheaidfordriedfodder
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,Whereastheaverageworldmarketpriceisdeterminedfor
abulkpelletedproduct,deliveredtoRotterdam,ofthe
standardqualityforwhichtheguidepricehasbeenfixed;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle5thereof,
HavingregardtotheActofAccessionofSpainand
Portugal, NWhereas,underCouncilRegulation(EEC)No1417/78of
19June1978ontheaidsystemfordriedfodder(*),aslast
amendedbyRegulation(EEC)No1173/87(*),theaverage
worldmarketpricefortheproductsdescribedinthefirst
indentofArticle1(b)ofRegulation(EEC)No1117/78is
tobedeterminedonthebasisofthemostfavourable
actualpurchasepossibilitiesexceptingthosewhichcannot
beconsideredrepresentative oftherealmarkettrend;
whereasoffersandquotationsrecordedduringthefirst25
daysofthemonthinquestionforquantitiesthatcanbe
deliveredduringthefollowingcalendarmontharetobe
usted;whereastheaverageworldmarketpricethusdeter­
minedisusedtofixthesupplementary aidrateapplicable
onthefollowingmonth;HavingregardtoCouncilRegulation(EEC)No1117/78
of22May1978onthecommonorganizationofthe
marketindriedfodder('),aslastamendedbyRegulation
(EEC)No3996/87(2),andinparticularArticle5(3)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
Whereasthenecessaryadjustmentsmustbemadeinthe
caseofoffersandquotationsnotofthetypereferredto
above;whereastheseadjustmentsweredefinedinArticle
3ofCommissionRegulation(EEC)No1528/78of30
June1978layingdowndetailedrulesfortheapplication
ofthesystemofaidfordriedfodderQ,aslastamended
byRegulation(EEC)No2334/87f);Whereas,underArticle5(1)ofRegulation(EEC)No
1117/78,whentheguidepriceishigherthantheaverage
worldmarketprice,aidisgivenfordriedfodderas
describedunderArticle1(b)and(c)ofthatRegulation
obtainedfromfodderplantsharvestedintheCommu­
nity;whereasthisaidisequaltoapercentageofthe
differencebetweenthesetwopricesfordehydratedfodder
andforproteinconcentrates ;whereastheaidforfodder
otherwisedriedincludesanamounttobededucted;
Whereasthispercentageandtheguidepricewerefixed
byCouncilRegulation(EEC)No1961/87of2July1987
fixingtheguidepricefordriedfodderforthe1987/88
marketingyear(3);Whereas,whennoofferoforquotationfortheproducts
describedinthefirstindentofArticle1(b)ofRegulation
(EEC)No1117/78canbeusedtodeterminetheaverage
worldmarketprice,itistobedeterminedfromofferson
theworldmarketof,andquotationson,theexchanges
importantforinternational tradefortheproducts
describedinthesecondindentofArticle1(b)ofRegula­
tion(EEC)No1117/78;
WhereasCommissionRegulation(EEC)No2334/87(4),
fixedtheratereferredtoinArticle5(2)ofRegulation
(EEC)No1117/78; Whereas,underArticle3ofRegulation (EEC)No
1417/78,whennoofferorquotationcanbeusedtodeter­
minetheaverageworldmarketprice,thispriceisdeter­
minedonthebasisofhesumofthevalueofcompeting
products;whereasthoseproductsaredefinedinArticle3
(3)ofRegulation(EEC)No1528/78;Whereas,intheabsenceoftheguidepricefordried
fodderandofthepercentagereferredtoinArticle5of
Regulation(EEC)No1117/78andoftheintervention
priceforbarleyforthe1988/89marketingyear,therate
oftheaidincaseofadvancefixingforthemonths
concernedhasbeenobtainableonlyprovisionallyand
shouldbeconfirmedorreplacedoncetheguidepriceand
thepercentagesreferredtoinArticle5ofRegulation
(EEC)No1117/78andoftheinterventionpriceforbarley
forthe1988/89marketingyearareknown;Whereas,underArticle11ofRegulation(EEC)No
1417/78,whenforwardpricesdifferfromthatapplyingin
themonthwhentheapplicationislodged,theaidrateis
adjustedbyacorrectingamountcalculatedfromthetrend
offorwardprices;
(')OJNoL142,30.5.1978,p.1.0OJNoL377,31.12.1987,p.34.
(3)OJNoL184,3.7.1987,p.7.0OJNoL210,1.8.1987,p.63.0OJNoL171,28.6.1978,p.1.
(«)OJNoL113,30.4.1987,p.13.f)OJNoL179,1.7.1978,p.10.oOJNoL210,1.8.1987,p.63.

NoL54/34 OfficialJournaloftheEuropeanCommunities1.3,88
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)No1636/870;
—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,
HASADOPTED THISREGULATION :
Article1
1.TherateoftheaidreferredtoinArticle5(3)of
Regulation(EEC)No1117/78isfixedintheAnnexto
thisRegulation.
2.Therateoftheaidincaseofadvancefixingforthe
1988/89marketingyearshall,however,beconfirmedor
replacedwitheffectfrom1March1988totakeinto
accountthepricesandmeasuresintheAnnexfixedfor
the1988/89marketingyear.
Article2
ThisRegulationshallenterintoforceon1March1988.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29February1988.
FortheCommission
FransANDRIESSEN
Vice-President
(2)OJNoL164,24.6.1985,p.1.
OOJNoL153,13.6.1987,p.1. (')OJNoL137,27.5.1985,p.28.

1.3.88 OfficialJournaloftheEuropeanCommunities NoL54/35
ANNEX
totheCommissionRegulationof29February1988fixingtherateoftheaidfordried
fodder
Aidapplicablefrom1March1988todriedfodder
(ECU/tonne)
\Fodderdehydratedbyartificialheat-drying
ProteinconcentratesFodderotherwisedried
\Spain PortugalOther*
Member
StatesSpain PortugalOther
Member
States
Aid 68,023 88,417 90,083 25,023 45,417 47,083
Aidincaseofadvancefixingforthemonthof:
I (ECU/tonne)
April1988 68,649'89,055 90,709 25,649 46,055 47,709
May1988(«) 71324 91,780 93,384 28324 48,780 50,384
June1988(') 71,324 91,780 93,384 28,324 48,780 50,384
July1988(') 71,484 91,943 93,544 28,484 48,943 50,544
August19880 <71,484 91,943 93,544 28,484 48,943 50,544
September19880 70,090 90,523 92,150 27,090 47,523 49,150
October1988(2) 0,000 0,000 0,000 0,000 0,000 0,000
November19880 0,000 0,000 0,000 0,000 0,000 0,000
December19880 0,000 0,000 0,000 0,000 0,000 0,000
January19890 0,000 0,000 0,000 0,000 0,000 0,000
February19890 0,000 0,000 0,000 0,000 0,000 0,000
March19890 0,000 0,000 0,000 0,000 0,000 0,000
(')Subjectinthecaseofadvancefixingforthe1988/89marketingyeartotheadoptionofpricesandrelatedmeasuresforthatmarketingyear.
0InaccordancewithArticle6(b)ofRegulation(EEC)No1528/78.