31987R1458

28 . 5. 87 No L 138/23 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1458/87 of 27 May 1987 fixing the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN COMMUNITIES, 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 ; Having regard to the Treaty establishing the European Economic Community, Whereas the amount of the refund may not exceed the difference between the price of olive oil in the Commu­ Having regard to the Act of Accession of Spain and nity and that on the world market, adjusted, where appro­ Portugal, priate, to take account of export costs for the products on the world market ;

Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a common Whereas, in accordance with Article 5 of Regulation organization of the market in oils and fats (1), as last (EEC) No 1650/86, it may be decided that the refund amended by Regulation (EEC) No 1454/86 (2), shall be fixed by tender ;

Having regard to Council Regulation (EEC) No 1650/86 Whereas the tendering procedure should cover the of 26 May 1986 on export refunds and levies on olive amount of the refund and may be limited to certain coun­ oil (3), and in particular the first sentence of Article 3(1 ) tries of destination, quantities, qualities and presenta­ tions ; thereof,

Whereas the second indent of Article 2 of Regulation Having regard to the opinion of the Monetary Committee, (EEC) No 1650/86 provides that the refund on olive oil may be varied according to destination where the world market situation or the specific requirements of certain Whereas Article 20 of Regulation No 136/66/EEC markets make this necessary ; 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 Whereas Article 3 ( 1 ) of Regulation (EEC) No 1650/86 exported to third countries ; provides that the refund must be fixed at least once every month ; whereas it may, if necessary, be altered in the intervening period ; Whereas the detailed rules for fixing and granting export refunds on olive oil are contained in Regulations (EEC) No 1650/86 and (EEC) No 616/72 (4), as last amended by Whereas it follows from applying these detailed rules to Regulation (EEC) No 2962/77 (*) ; 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 Whereas the first indent of Article 2 of Regulation (EEC) be as set out in the Annex hereto ; No 1650/86 provides that the refund must be the same for the whole Community ; Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Whereas, in accordance with Article 4 of Regulation (EEC) No 1650/86, the refund for olive oil must be fixed — in the case of currencies which are maintained in rela­ in the light of the existing situation and outlook in rela­ tion to each other at any given moment within a band tion to olive oil prices and availability on the Community of 2,25 % , a rate of exchange based on their central market and olive oil prices on the world market ; rate, multiplied by the corrective factor provided for in the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85 (% Whereas, however, where the world market situation is such that the most favourable olive oil prices cannot be — for other currencies, an exchange rate based on the determined, account may be taken of the price of the arithmetic mean of the spot market rates of each of these currencies recorded over a given period in rela­ tion to the Community currencies referred to in the (') OJ No 172, 30. 9. 1966, p. 3025/66. O OJ No L 133, 21 . 5. 1986, p. 6. previous indent, and the aforesaid coefficient ; (3) OJ No L 145, 30 . 5. 1986, p. 8 . 4) OJ No L 78 , 31 . 3 . 1972, p. 1 . 0 OJ No L 348, 30. 12. 1977, p. 53 . («) OJ No L 164, 24. 6. 1985, p. 1 .

No L 138/24 Official Journal of the European Communities 28 . 5. 87

HAS ADOPTED THIS REGULATION : Whereas, pursuant to Article 275 of the Act of Accession of Spain and Portugal, refunds may be granted in the case of exports to Portugal ; whereas, in the light of the situa­ Article 1 tion and the level of prices no refund should be fixed in the case of exports to Portugal ; 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.

Whereas the measures provided for in this Regulation are Article 2 in accordance with the opinion of the Management Committee for Oils and Fats, This Regulation shall enter into force on 1 June 1987.

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

Done at Brussels, 27 May 1987.

For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 27 May 1987 fixing the export refunds on olive oil

(ECU/ 100 kg)

CCT heading No Description Refund

15.07 Fixed vegetable oils, fluid or solid, crude, refined or purified : A Olive oil : I Untreated : (a) Virgin olive oil : In immediate packings of a net capacity of 5 litres or less, for destinations mentioned in Article 5 of Commission Regulation (EEC) No 2730/79 ('), as well as on export to third coun­ tries 43,00 II Other : (a) Obtained by processing oils falling within subheading 1 5.07 A I a) or 1 5.07 A I b), whether or not blended with virgin olive oil : In immediate packings of a net capacity of 5 litres or less, for destinations mentioned in Article 5 of Regulation (EEC) No 2730/79, as well as on export to third countries 43,00 (b) Other : Obtained by processing oils falling within subheading 15.07 A I c), whether or not blended with virgin olive oil : In immediate packings of a net capacity of 5 litres or less, for destinations mentioned in Article 5 of Regulation (EEC) No 2730/79, as well as on export to third countries 7,00

(') OJ No L 317, 12. 12. 1979, p. 1 .