Commission Regulation (EC) No 557/98 of 11 March 1998 fixing the export refunds on olive oil
Date: 1998-03-11
Institutions: European Commission
Subjects: export refund, olive oil

12. 3. 98

EN

Official Journal of the European Communities

L 73/11

COMMISSION REGULATION (EC) No 557/98

of 11 March 1998

fixing the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

refund and may be limited to certain countries of des-
tination, quantities, qualities and presentations;

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation No 136/66/EEC of
22 September 1966 on the establishment of a common
organization of the market in oils and fats (1), as last
amended by Regulation (EC) No 1581/96 (2), and in
particular Article 3 (3) thereof,

Whereas the second indent of Article 3 (3) of Regulation
No 136/66/EEC provides that the refund on olive oil may
be varied according to destination where the world
market situation or the specific requirements of certain
markets make this necessary;

Whereas the refund must be fixed at least once every
month; whereas it may, if necessary, be altered in the
intervening period;

Whereas Article 3 of Regulation No 136/66/EEC
provides that, where prices within the Community are
higher than world market prices, the difference between
these prices may be covered by a refund when olive oil is
exported to third countries;

Whereas it follows from applying these detailed rules to
the present situation on the market in olive oil and in
particular to olive oil prices within the Community and
on the markets of third countries that the refund should
be as set out in the Annex hereto;

Whereas the detailed rules for fixing and granting export
refunds on olive oil are contained in Commission Regula-
tion (EEC) No 616/72 (3), as last amended by Regulation
(EEC) No 2962/77 (4);

Whereas Article 3 (3) of Regulation No 136/66/EEC
provides that the refund must be the same for the whole
Community;

Whereas, in accordance with Article 3 (4) of Regulation
No 136/66/EEC, the refund for olive oil must be fixed in
the light of the existing situation and outlook in relation
to olive oil prices and availability on the Community
market and olive oil prices on the world market; whereas,
however, where the world market situation is such that
the most favourable olive oil prices cannot be determined,
account may be taken of the price of the main competing
vegetable oils on the world market and the difference
recorded between that price and the price of olive oil
during a representative period; whereas the amount of the
refund may not exceed the difference between the price
of olive oil in the Community and that on the world
market, adjusted, where appropriate, to take account of
export costs for the products on the world market;

Whereas the representative market rates defined in Article
1 of Council Regulation (EEC) No 3813/92 (5), as last
amended by Regulation (EC) No 150/95 (6), are used to
convert amounts expressed in third country currencies
and are used as the basis for determining the agricultural
the Member States’ currencies;
conversion rates of
whereas detailed rules on the application and determina-
tion of these conversions were set by Commission Regu-
lation (EEC) No 1068/93 (7), as last amended by Regula-
tion (EC) No 1482/96 (8);

Whereas the Management Committee for Oils and Fats
has not delivered an opinion within the time limit set by
its chairman,

HAS ADOPTED THIS REGULATION:

Article 1

The export refunds on the products listed in Article 1 (2)
(c) of Regulation No 136/66/EEC shall be as set out in
the Annex hereto.

(b) of Regulation No 136/66/EEC,

Whereas, in accordance with Article 3 (3) third indent,
point
it may be
decided that the refund shall be fixed by tender; whereas
the tendering procedure should cover the amount of the

Article 2

This Regulation shall enter into force on 12 March 1998.

(1) OJ 172, 30. 9. 1966, p. 3025/66.
(2) OJ L 206, 16. 8. 1996, p. 11.
(3) OJ L 78, 31. 3. 1972, p. 1.
(4) OJ L 348, 30. 12. 1977, p. 53.

(5) OJ L 387, 31. 12. 1992, p. 1.
(6) OJ L 22, 31. 1. 1995, p. 1.
(7) OJ L 108, 1. 5. 1993, p. 106.
(8) OJ L 188, 27. 7. 1996, p. 22.

L 73/12

EN

Official Journal of the European Communities

12. 3. 98

This Regulation shall be binding in its entirety and directly applicable in all Member
States.

Done at Brussels, 11 March 1998.

For the Commission
Franz FISCHLER

Member of the Commission

ANNEX

to the Commission Regulation of 11 March 1998 fixing the export refunds on olive oil

(ECU/100 kg)

Product code

Amount of refund (1)

1509 10 90 9100

1509 10 90 9900

1509 90 00 9100

1509 90 00 9900

1510 00 90 9100

1510 00 90 9900

0,00

0,00

0,00

0,00

0,00

0,00

(1) For destinations mentioned in Article 34 of amended Commission Regulation (EEC) No 3665/87 (OJ L 351, 14. 12.

1987, p 1), as well as for exports to third countries.

NB: The product codes and the footnotes are defined in amended Commission Regulation (EEC)

No 3846/87.