31987R0792

20 . 3 . 87 Official Journal of the European Communities No L 78 /49

COMMISSION REGULATION (EEC) No 792/87

of 19 March 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 1 579/86 (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(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 it may be altered in the intervening period ; Whereas Article 2 of Council Regulation (EEC) No 2746/75 of 29 October 1975 laying down general rules for Whereas, pursuant to Article 275 of the Act of Accession granting export refunds on cereals and criteria for fixing of Spain and Portugal, refunds may be granted in the case the amount of such refunds (3), provides that when of exports to Portugal ; whereas, in the light of the situa­ refunds are being fixed account must be taken of the tion and the level of prices no refund should be fixed in existing situation and the future trend with regard to the case of exports to Portugal ; prices and availabilities of cereals on the Community market on the one hand and prices for cereals and cereal Whereas the measures provided for in this Regulation are products on the world market on the other ; whereas the in accordance with the opinion of the Management same Article provides that it is also important to ensure 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 ;

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 1588 /86 (*), 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 Portugal 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 . (2) OJ No L 139, 24. 5. 1986, p. 29 . This Regulation shall enter into force on 20 March 1987. 3 OJ No L 281 , 1 . 11 . 1975, p. 78 . (4) OJ No L 281 , 1 . 11 . 1975, p . 65. 0 OJ No L 139, 24. 5. 1986, p. 47. (*) OJ No L 164, 24. 6. 1985, p. 1 .

No L 78/50 Official Journal of the European Communities 20 . 3 . 87

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

Done at Brussels, 19 March 1987 . For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 19 March 1987 fixing the export refunds on malt

(ECU/ tonne)

CCT heading No Refund

11.07 A I b) 160,93 11.07 A II b) 213,29 11.07 B 248,57

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