Commission Regulation (EC) No 998/2008 of 14 October 2008 fixing the depreciation coefficients to be applied when agricultural products are bought in, for the 2009 accounting year
Date: 2008-10-14
Institutions: European Commission
Subjects: agricultural product, devaluation, intervention agency, intervention buying, purchase price, ratio

15.10.2008

EN

Official Journal of the European Union

L 273/3

COMMISSION REGULATION (EC) No 998/2008

of 14 October 2008

fixing the depreciation coefficients to be applied when agricultural products are bought in, for the
2009 accounting year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty
Community,

establishing the European

Having regard to Council Regulation (EC) No 1290/2005 of
21 June 2005 on the financing of the common agricultural
policy (1), and in particular Article 3(3) thereof,

(3)

(4)

Coefficients for certain products to be applied by the
intervention agencies to the monthly buying-in values
of those products in the 2009 accounting year should
therefore be fixed, to enable the agencies to establish the
depreciation amounts.

The measures provided for in this Regulation are in
accordance with the opinion of the Committee on the
Agricultural Funds,

Whereas:

(1)

(2)

Article 4(1)(d) of Commission Regulation (EC) No
884/2006 of 21 June 2006 laying down detailed rules
for
the application of Council Regulation (EC) No
1290/2005 as regards the financing by the European
intervention
Agricultural Guarantee Fund (EAGF) of
measures in the form of public storage operations and
the accounting of public storage operations by the
paying agencies of the Member States (2) provides,
in
the
the
financing of the depreciation of the products stored in
public intervention.

storage operations,

context of public

for

foreseeable disposal price

Points 1, 2 and 3 of Annex VIII to Regulation (EC) No
884/2006 lay down the method for calculating the
depreciation. The depreciation percentage at the time of
the buying-in of
the agricultural products must not
exceed the difference between the buying-in price and
these
the
products. That percentage must be fixed for each
product before the beginning of each accounting year.
The Commission may also restrict the depreciation at
the time of buying-in to a fraction of this depreciation
percentage, but that fraction may not be less than 70 %
of the overall depreciation.

each of

for

HAS ADOPTED THIS REGULATION:

Article 1

In respect of the products listed in the Annex hereto which,
having been bought in by public intervention, are stored or
taken over by the intervention agencies between 1 October
2008 and 30 September 2009, the intervention agencies shall
apply to the values of the products bought in every month the
depreciation coefficients set out in the Annex.

Article 2

The expenditure amounts, calculated by taking account of the
depreciation referred to in Article 1 of this Regulation, shall be
notified to the Commission under the declarations established
in
(EC) No
883/2006 (3).

accordance with Commission Regulation

Article 3

This Regulation shall enter into force on the day of its publi­
cation in the Official Journal of the European Union.

It shall apply from 1 October 2008.

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

Done at Brussels, 14 October 2008.

For the Commission

Mariann FISCHER BOEL
Member of the Commission

(1) OJ L 209, 11.8.2005, p. 1.
(2) OJ L 171, 23.6.2006, p. 35.

(3) OJ L 171, 23.6.2006, p. 1.

L 273/4

EN

Official Journal of the European Union

15.10.2008

ANNEX

Depreciation coefficients to be applied to the monthly buying-in values

Products

Common wheat of bread-making quality

Barley

Maize

Alcohol

Coefficient

—

—

—

0,45