31990R2875

No L 275/32 Official Journal of the European Communities 5 . 10 . 90

COMMISSION REGULATION (EEC) No 2875/90 of 4 October 1990 fixing the export refunds on malt

THE COMMISSION OF THE EUROPEAN fixed at an amount which will cover the difference COMMUNITIES, between Community prices and world market prices ;

Whereas the world market situation or the specific Having regard to the Treaty establishing the European Economic Community, requirements of certain markets may make it necessary to vary the refund for certain products according to destin­ ation ; Having regard to the Act of Accession of Spain and 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 — in the case of currencies which are maintained in rela­ of 29 October 1975 on the common organization of the tion to each other at any given moment within a band market in cereals ('), as last amended by Regulation (EEC) of 2,25 % , a rate of exchange based on their central No 1340/90 (2), and in particular the fourth subparagraph rate, multiplied by the corrective factor provided for in of Article 16 (2) thereof, the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85 (% as last amended by Regula­ Having regard to the opinion of the Monetary Committee, tion (EEC) No 2205/90 0,

— for the other currencies, an exchange rate based on an Whereas Article 16 of Regulation (EEC) No 2727/75 average of the ecu rates published in the Official provides that the difference between quotations or prices Journal of the European Communities, C series, over on the world market for the products listed in Article 1 of a period to be determined, multiplied by the coeffi­ those Regulations and prices for those products within cient referred to in the preceding indent ; the Community may be covered by an export refund ; 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 cereals and criteria for fixing Whereas, pursuant to Article 275 of the Act of Accession, the amount of such refunds (3) provides that when refunds refunds may be granted in the case of exports to Portugal ; are being fixed account must be taken of the existing whereas, in the light of the situation and the level of situation and the future trend with regard to prices and prices no refund should be fixed in the case of exports to availabilities of cereals on the Community market on the Portugal ; one hand and prices for cereals and cereal products on the world market on the other ; whereas the same Article Whereas the measures provided for in this Regulation are provides that it is also important to ensure equilibrium in accordance with the opinion of the Management and the natural development of prices and trade on cereal Committee for Cereals, markets and, furthermore, to take into account the economic aspect of the proposed exports, and the need to avoid disturbances on the Community market ; HAS ADOPTED THIS REGULATION : Whereas Council Regulation (EEC) No 2744/75 of 29 October 1975 on the import and export system for products processed from cereals and from rice (4), as last Article 1 amended by Regulation (EEC) No 1906/87 (*), defines the specific criteria to be taken into account when the refund The export refunds on malt listed in Article 1 (d) of Regu­ on these products is being calculated ; lation (EEC) No 2727/75 subject to Regulation (EEC) No 2744/75 shall be as set out in the Annex hereto. Whereas it follows from applying these detailed rules to the present situation on the market in products processed from cereals and rice that the export refund should be Article 2

(') OJ No L 281 , 1 . 11 . 1975, p. 1 . This Regulation shall enter into force on 5 October 1990. (2) OJ No L 134, 28 . 5. 1990, p. 1 . (3) OJ No L 281 , 1 . 11 . 1975, p. 78 . (4) OJ No L 281 , 1 . 11 . 1975, p. 65. («) OJ No L 164, 24. 6. 1985, p. 1 . P) OJ No L 182, 3. 7. 1987, p. 49. 0 OJ No L 201 , 31 . 7. 1990, p. 9.

5 . 10 . 90 Official Journal of the European Communities No L 275/33

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

, Done at Brussels, 4 October 1990 . For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

to the Commission Regulation of 4 October 1990 fixing the export refunds on malt

(ECU / tonne) Product code Refund

1107 10 19 000 122,00 1107 10 99 000 141,00 1107 20 00 000 165,00

NB : The product codes and the footnotes are defined in amended Commission Regulation (EEC) No 3846/87 (OJ No L 366, 24. 12. 1987, p. 1 ).