L 118/72 Official Journal of the European Union 13.5.2009 COMMISSION REGULATION (EC) No 388/2009 of 12 May 2009 laying down detailed rules for the application of Council Regulation (EC) No 1234/2007 as regards the import and export system for products processed from cereals and rice (Codified version) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1234/2007 of 22 October 2007 establishing a common organisation of agri- cultural markets and on specific provisions for certain agri- cultural products (Single CMO Regulation) ('), and in particular Articles 143, 170 and 187 thereof, in conjunction with Article 4, Whereas: (1)  Commission Regulation (EC) No 1518/95 of 29 June 1995 laying down detailed rules for the application of Council Regulations (EEC) No 1418/76 and (EEC) No 176692 as regards the import and export system for products processed from cereals and rice and amending Regulation (EC) No 1162/95 laying down special detailed rules for the application of the system of import and export licences for cereals and rice (2 has been substan- tially amended (). In the interests of clarity and rationality the said Regulation should be codified. (2)  In accordance with international obligations binding on the Community, rules should be laid down for the appli- cation of the system of import duties and refunds applicable in trade with third countries in products processed from cereals and from rice, excluding compound feedingstuffs, for which special rules have been laid down. (3)  The object of the refund should be to cover the difference between the prices for products within the Community and those charged on the world market. For that purpose, criteria should be established for deter- mining the refund essentially by reference to prices of the basic products within and outside the Community, and to the outlets and conditions for the sale of processed products on the world market. (4)  The measures provided for in this Regulation are in accordance with the opinion of the Management () O] L 299, 16.11.2007, p. 1. () O] L 147, 30.6.1995, p. 55. (>) See Annex IL Committee for the Common Organisation of Agricultural Markets, HAS ADOPTED THIS REGULATION: Article 1 For the purposes of this Regulation, the following definitions shall apply: (a) ‘processed products’ means the products or groups of products listed: (i) in point (d) of part I of Annex I to Regulation (EC) No 12342007, except the products falling within CN code ex 2309; (ii) in point (c) of part II of Annex I to Regulation (EC) No 1234/2007; (b) ‘basic products’ means the cereals listed in points (a) and (b) of part I of Annex I to Regulation (EC) No 1234/2007, and broken rice referred to in point (b) of Part Il of Annex I to that Regulation. Article 2 1. The refund which may be granted on processed products shall be determined with particular reference to: (a) the movements of prices for the basic products within the Community, compared with world market prices; (b) the quantities of basic products needed for the manufacture of the product in question and, where applicable, their interchangeability; (¢) the possible cumulation of refunds applicable to various products obtained from one and the same process and one and the same basic product; (d) outlets and conditions of sale for processed products on the world market. 2. The refunds shall be fixed at least once a month.