CELEX: 31987R2340
Language: en
Date: 1987-08-01 00:00:00
Title: Commission Regulation (EEC) No 2340/87 of 31 July 1987 fixing the export refunds on malt

1 . 8 . 87                              Official Journal of the European Communities                              No L 210/73
                                    COMMISSION REGULATION (EEC) No 2340/87
                                                        of 31 July 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
Economic Community,                                               Whereas the world market situation or the specific
                                                                   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,
Having regard to Council Regulation (EEC) No 2727/75               refunds should be calculated on the following basis :
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
Having regard to the opinion of the Monetary Committee,                tion (EEC) No 1676/85 (*), as last amended by Regula­
                                                                       tion (EEC) No 1636/87 0,
Whereas Article 16 of Regulation (EEC) No 2727/75                  — for other currencies, an exchange rate based on the
provides that the difference between quotations or prices              arithmetic mean of the spot market rates of each of
on the world market for the products listed in Article 1 of            these currencies recorded for a given period in rela­
those Regulations and prices for those products within                 tion to the Community currencies referred to in the
the Community may be covered by an export refund ;                     previous indent and the aforesaid coefficient ;
                                                                   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 cerdals 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
equilibrium and the natural development of prices and              Committee for Cereals,
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 ;
Whereas Council Regulation (EEC) No 2744/75 of 29                                            Article 1
October 1975 on the import and export system for
products processed from cereals and from rice (4), as last         The export refunds on malt listed in Article 1 (d) of Regu­
amended by Regulation (EEC) No 1906/87 (*), defines the            lation (EEC) No 2727/75 subject to Regulation (EEC) No
specific criteria to be taken into account when the refund         2744/75 shall be as set out in the Annex hereto.
on these products is being calculated ;
                                                                   The refund on export to P6rtugal has not been fixed.
Whereas it follows from applying these detailed rules to
the present situation on the market in products processed                                    Article 2
(') OJ No L 281 , 1 . 11 . 1975, p. 1 .                            This Regulation shall enter into force on 1 August 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.                                  D OT No L 153, 13 . 6. 1987, p. 1 .
 ---pagebreak--- No L 210/74                    Official Journal of the European Communities                            1 . 8 . 87
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 31 July 1987.
                                                                   For the Commission
                                                                    Frans ANDRIESSEN
                                                                       Vice-President
                                                   ANNEX
               to the Commission Regulation of 31 July 1987 fixing the export refunds on malt
                                                                                          (ECU/ tonne)
                                 CCT heading No                                  Refund
            11.07 A I b)                                                           63,50
            11.07 A II b)   l                                                     118,35
            11.07 B                                                               154,49