31987R3404

13 . 11 . 87 Official Journal of the European Communities No L 323/31

COMMISSION REGULATION (EEC) No 3404/87 of 12 November 1987 fixing the corrective amount applicable to the refund on cereals

THE COMMISSION OF THE EUROPEAN COMMUNITIES, exports and the need to avoid disturbances on the Community market ; Having regard to the Treaty establishing the European Economic Community, Whereas for the products listed in Article 1 (c) of Regula­ tion (EEC) No 2727/75 account should be taken of the Having regard to the Act of Accession of Spain and specific criteria laid down in Article 2 (2) of Regulation Portugal, (EEC) No 1281 /75 ;

Whereas the world market situation or the specific requi­ Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the rements of certain markets may make it necessary to vary market in cereals ('), as last amended by Regulation (EEC) the corrective amount according to destination ; No 1900/87 (2), Whereas the corrective amount must be fixed at the same time as the refund and according to the same procedure ; Having regard to Council Regulation (EEC) No 2746/75 of 29 October 1975 laying down general rules for granting Whereas it may be altered in the period between fixings ; export refunds on cereals and criteria for fixing the amount of such refunds (3), Whereas, if the system of corrective amounts is to operate normally, corrective amounts should be calculated on the Having regard to the opinion of the Monetary Committee, following basis :

— in the case of currencies which are maintained in rela­ Whereas Article 16 (4) of Regulation (EEC) No 2727/75 provides that the export refund applicable to cereals on tion to each other at any given moment within a band the day on which application for an export licence is of 2,25 % , a rate of exchange based on their central made, adjusted for the threshold price in force during the rate, multiplied by the corrective factor provided for in month of exportation, must be applied on request to the last paragraph of Article 3 ( 1 ) of Council Regula­ exports to be effected during the period of validity of the tion (EEC) No 1676/85 Q, as last amended by Regula­ export licence ; whereas, in this case, a corrective amount tion (EEC) No 1636/87 (8), must be applied to the refund ; — for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each of Whereas Council Regulation (EEC) No 2744/75 of 29 these currencies recorded over a given period in rela­ October 1975 on the import and export system for tion to the Community currencies referred to in the products processed from cereals and from rice (4), as last preceding indent and the aforesaid coefficient ; amended by Regulation (EEC) No 1906/87 (*), made Whereas it follows from applying the provisions set out possible the fixing of a corrective amount for certain above that the corrective amount must be as set out in the products listed in Article 1 (c) of Regulation (EEC) No Annex hereto ; 2727/75 ; Whereas the measures provided for in this Regulation are Whereas Commission Regulation (EEC) No 1281 /75 (6) in accordance with the opinion of the Management laid down detailed rules for the advance fixing of export Committee for Cereals, refunds for cereals and certain products processed from cereals ; HAS ADOPTED THIS REGULATION : Whereas, pursuant to that Regulation, when the corrective amount is being fixed, account must be taken of the exis­ ting situation and the future trend with regard to prices Article 1 and availabilities of cereals on the Community market on the one hand and possibilities and conditions for the sale The corrective amount referred to in Article 16 (4) of of cereals and cereal products on the world market on the Regulation (EEC) No 2727/75 which is applicable to other ; whereas the same Regulation provides that it is export refunds fixed in advance in respect of cereals shall be as set out in the Annex hereto. also important to ensure equilibrium and the natural development of prices and trade on cereal markets and, furthermore, to take into account the economic aspect of Article 2

(') OJ No L 281 , 1 . 11 . 1975, p. 1 . This Regulation shall enter into force on 13 November (2) OJ No L 182, 3 . 7. 1987, p. 40 . 1987 . 0 OJ No L 281 , 1 . 11 . 1975, p. 78 . (4) OJ No L 281 , 1 . 11 . 1975, p. 65 . 0 OJ No L 182, 3 . 7. 1987, p. 49 . 0 OJ No L 164, 24. 6 . 1985, p. 1 . ¥) OJ No L 131 , 22. 5. 1975, p. 15. (8) OJ No L 153, 13 . 6. 1987, p. 1 .

No L 323 / 32 Official Journal of the European Communities 13 . 11 . 87

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

Done at Brussels , 12 November 1987 .

For the Commission

Frans ANDRIESSEN Vice-President

ANNEX to the Commission Regulation of 12 November 1987 fixing the corrective amount applicable to the refund on cereals (ECU / tonne) CCT Current 1 st period 2nd period 3rd period 4th period 5th period 6th period heading Description No 11 12 1 2 3 4 5

10.01 B I Common wheat and meslin 0 0 - 3,00 - 3,00 - 6,00 - 6,00 - 6,00 10.01 B II Durum wheat 0 0 0 0 - 20,00 - 20,00 - 20,00 10.02 Rye 0 0 0 0 0 — — 10.03 Barley 0 0 - 3,00 - 3,00 - 6,00 - 6,00 - 6,00 10.04 Oats — — — — — , 10.05 B Maize other than hybrid maize for \ IIII IlIl sowing 0 0 - 20,00 — — - 20,00 - 20,00 10.07 C II Grain sorghum , other than hybrid sorghum for sowing _ I

11.01 A Common wheat flour 0 0 0 0 0 11.01 B Rye flour 0 0 0 0 0 11.02 Ala) Durum wheat groats and meal 0 0 0 0 0 11.02 A lb) Common wheat groats and meal 0 0 0 0 0 — —

N. B. The zones are those defined in Regulation (EEC) No 1 124/77 (OJ No L 134, 28. 5. 1977), as last amended by Regulation (EEC) No 1548/87 (OJ No L 144, 4. 6. 1987).