CELEX: 31987R3704
Language: en
Date: 1987-12-11 00:00:00
Title: Commission Regulation (EEC) No 3704/87 of 10 December 1987 fixing the export refunds on malt

No L 347/62                                    Official Journal of the European Communities                                  11 . 12. 87
                                         COMMISSION REGULATION (EEC) No 3704/87
                                                            of 10 December 1987
                                                    fixing the export refunds on malt
THE COMMISSION OF THE EUROPEAN                                            from cereals and rice that the export refund should be
COMMUNITIES,                                                              fixed at an amount which will cover the difference
                                                                          between Community prices and world market prices ;
Having regard to the Treaty establishing the European                     Whereas the world market situation or the specific
Economic Community,                                                       requirements of certain markets may make it necessary to
                                                                          vary the refund for certain products according to destina­
Having regard to the Act of Accession of Spain and                        tion ;
Portugal,
                                                                          Whereas, if the refund system is to operate normally,
                                                                          refunds should be calculated on the following basis :
Having regard to Council Regulation (EEC) No 2727/75
of 29 October 1975 on the common organization of the                      — in the case of currencies which are maintained in rela­
market in cereals ('), as last amended by Regulation (EEC)                      tion to each other at any given moment within a band
No 1900/87 (2), and in particular the fourth subparagraph                       of 2,25 % , a rate of exchange based on their central
of Article 16 (2) thereof,                                                      rate, multiplied by the corrective factor provided for in
                                                                                the last paragraph of Article 3 (1 ) of Council Regula­
                                                                                tion (EEC) No 1676/85 (*), as last amended by Regula­
Having regard to the opinion of the Monetary Committee,
                                                                                tion (EEC) No 1636/87 0,
                                                                           — for other currencies, an exchange rate based on the
Whereas Article 16 of Regulation (EEC) No 2727/75                               arithmetic mean of the spot market rates of each of
provides that the difference between quotations or prices                       these currencies recorded for a given period in rela­
on the world market for the products listed in Article 1 of                     tion to the Community currencies referred to in the
 those Regulations and prices for those products within                         previous indent and the aforesaid coefficient ;
 the Community may be covered by an export refund ;
                                                                           Whereas the refund must be fixed once a month ;
Whereas Article 2 of Council Regulation (EEC) No                           whereas it may be altered in the intervening period ;
 2746/75 of 29 October 1975 laying down general rules for
 granting export refunds on cereals and criteria for fixing                Whereas, pursuant to Article 275 of the Act of Accession
 the amount of such refunds (3), provides that when                        of Spain and Portugal, refunds may be granted in the case
 refunds are being fixed account must be taken of the                      of exports to Portugal ; whereas, in the light of the situa­
 existing situation and the future trend with regard to                    tion and the level of prices no refund should be fixed in
 prices and availabilities of cereals on the Community                     the case of exports to Portugal ;
 market on the one hand and prices for cereals and cereal
 products on the world market on the other ; whereas the                   Whereas the measures provided for in this Regulation are
 same Article provides that it is also important to ensure                 in accordance with the opinion of the Management
                                                                           Committee for Cereals,
 equilibrium and the natural development of prices and
 trade on cereal markets and, furthermore, to take into
 account the economic aspect of the proposed exports, and
 the need to avoid disturbances on the Community                           HAS ADOPTED THIS REGULATION :
 market ;
                                                                                                      Article 1
 Whereas Council Regulation ( EEC) No 2744/75 of 29
  October 1975 on the import and export system for                         The export refunds on malt listed in Article 1 (d) of Regu­
  products processed from cereals and from rice (4), as last               lation (EEC) No 2727175 subject to Regulation (EEC) No
  amended by Regulation (EEC) No 1906/87 (*), defines the                  2744/75 shall be as set out in the Annex hereto.
  specific criteria to be taken into account when the refund
  on these products is being calculated ;                                  The refund on export to Portugal has not been fixed.
  Whereas it follows from applying these detailed rules to                                            Article 2
  the present situation on the market in products processed
                                                                           This Regulation shall enter into force on 1 1 December
  (') OJ No   L  281 , 1. 11 . 1975 , p. 1 .                                1987 .
  (2) OJ No   L  182,  3. 7 . 1987 . p. 40 .
  (3) OJ No   L  281 , 1. 11 . 1975 , p. 78 .
  (4) OJ No   L  281 , 1. 11 . 1975 , p . 65 .                              (6) OJ No L 164, 24. 6. 1985, p. 1 .
  0   OJ No   L  182,  3. 7 . 1987, p . 49 .                                0 OJ No L 153, 13 . 6. 1987, p. 1 .
 ---pagebreak--- 11 . 12 . 87                    Official Journal of the European Communities                            No L 347/63
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 10 December 1987.
                                                                    For the Commission
                                                                     Frans ANDRIESSEN
                                                                        Vice-President
                                                    ANNEX
                to the Commission Regulation of 10 December 1987 fixing the export refunds on malt
                                                                                           (ECU/ tonne)
                                  CC1 heading No                                  Refund
             11.07 A I b)                                                          146,30
             11.07 A II b)                                                         184,36
             11.07 B                                                              214,86