31988R2044

9 . 7. 88 No L 179 /36 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 2044/88 of 8 July 1988 suspending the advance fixing of the periodic refund on white sugar

THE COMMISSION OF THE EUROPEAN COMMUNITIES, sugar and whereas, consequently, any further rise in prices could lead to a further influx of applications for the Having regard to the Treaty establishing the European advance fixing of the said refund, despite the fact that the Economic Community, level of the refund has been repeatedly lowered ; whereas, in these circumstances, immediate steps should be taken Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of the to suspend, for three working days, the advance fixing of the periodic export refund on white sugar in order to markets in the sugar sector, ('), as last amended by Regulation (EEC) No 1107/88 (2), and in particular the prevent any serious disturbance which could affect the proper management of the Community's sugar supplies, second subparagraph of Article 1 9 (3), Whereas the second subparagraph of Article 19 (5) of Regulation (EEC) No 1785/81 provides that, in cases of HAS ADOPTED THIS REGULATION : extreme urgency, the Commission may, after examining the situation on the basis of all the information available Article 1 to it, decide to suspend advance fixing for the products in question for a maximum period of three working days ; The advance fixing of the export refund periodically fixed Whereas examination of the latest prices quoted on the for white sugar (product code 1701 99 10 900) is hereby suspended from 11 July 1988 to 13 July 1988 inclusive. world sugar market indicates that the prices concerned are again showing a sharp increase ; whereas in the space of a few days there has twice been a massive influx of Article 2 applications for export licences with advance fixing of the periodic refund for a total of 245 000 tonnes of white This Regulation shall enter into force on 9 July 1988 .

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

Done at Brussels, 8 July 1988 .

For the Commission Frans ANDRIESSEN Vice-President

(') OJ No L 177, 1 . 7. 1981 , p. 4. (A OJ No L 110, 29. 4. 1988, p. 20.