28.5.73 OfficialJournaloftheEuropeanCommunities NoL141/9
REGULATION (EEC)No1347/73OFTHECOUNCIL
of15May1973
fixingcerealpricesforthe1973/74marketingyear
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity ,andinparticular
Article43thereof;
HavingregardtoCouncilRegulationNo
120/67/EECHof13June1967onthecommon
organizationofthemarketincereals,aslastamended
byRegulation (EEC)No1346/73(2),andinparticular
Article2(4)thereof;
HavingregardtotheproposalfromtheCommission ;thereforebeincreased,takingthefullestpossible
accountoftheseeconomicdevelopments ;
Whereasitisdesirabletoallowforastagein
anticipationofareturntomarketunity,oncetherule
onmaintainingatanygivenmomentamaximum
spreadbetweenMemberStatecurrenciesof2-25%
forspottransactionsisappliedbyallMemberStates;
whereasthispurposeisservedbya1%price
increasewhichisnotreflectedinprice-levels
expressedintermsofthenationalcurrenciesof
MemberStateswhosecurrencieshaveincreasedin
valueinrelationtotheconversionrateusedunder
theCommonAgriculturalPolicy;
HASADOPTED THISREGULATION :
Article1
Forthe1973/74marketingyear,thetargetpricesand
basicintervention pricesforcerealsandthe
guaranteedminimumpricefordurumwheatshallbe
asfollows:
u.a./l000kgHavingregardtotheOpinionoftheEuropean
Parliament ;
Whereas,whencerealpricesarefixed,account
shouldbetakenoftheobjectivesoftheCommon
AgriculturalPolicyandofthecontributionwhichthe
Communitydesirestomaketotheharmonious
developmentofworldtrade;whereastheobjectives
oftheCommonAgriculturalPolicyareinparticular
toensureafairstandardoflivingfortheagricultural
community,toensurethatsuppliesareavailableand
thattheyreachconsumersatreasonableprices;
Whereas,moreover,cerealsplayamajorpartinthe
agriculturaleconomyoftheCommunityandthe
priceofcerealsaffectsthepriceofmanyagricultural
productsandthereforetheincomeofpersons
engagedinagriculture;
Whereasthetargetpricesforthemaincerealsmust
befixedatrateswhichtakeaccountofthelevelsand
intendedtrendsofproduction,theusesmadeofthose
cerealsandtheimprovementoffarmincomes;
Whereasoverrecentyearsthetargetpricesand
interventionpricesandtheguaranteedminimum
pricehavegenerallybeenadjusted,buttoanextent
whichhasprovedinsufficientinthelightofeconomic
developments ;whereasthepricesinquestionshould(a)Targetprice:
Commonwheat 114-94
Rye 112-30
Barley 105-29
Maize 102-77
Durumwheat 133-93
(b)Basicinterventionprice:
Commonwheat 105-80
Barley 96-66
(c)Guaranteedminimumpricefordurum
wheat: 155-33
Article2
(!)OJNo117,19.6.1967,p.2269/67.
(2)Seep.8ofthisOfficialJournal.1.Pricesshallbeincreasedby1%whenall
MemberStatesmaintainatanygivenmomenta
maximumspreadof2-25%betweentheircurrencies.

NoL141/10 28.5.73 OfficialJournaloftheEuropeanCommunities
Thisprovisionshallbeapplicableasfromthe
1973/74marketingyear;theincreaseshalltakeeffect
onthefirstdayofthemonthfollowingthedate
determined inaccordance withthefirst
subparagraph ;however,ifthemarketingyearbegins
afterthatdate,theincreaseshalltakeeffectatthe
beginningofthatmarketingyear.valueinrelationtotheconversionrateusedunder
theCommonAgriculturalPolicy.
3.TheCouncil,actingonaproposalfromthe
Commissioninaccordancewiththevotingprocedure
laiddowninArticle43(2)oftheTreatyshalladopt
themethodsofimplementation ofthisArticle.
Article3
2.Thisincreaseshallnotbereflectedinprice
levelsexpressedintermsofnationalcurrenciesof
MemberStateswhosecurrencieshaveincreasedinThisRegulationshallenterintoforceon1August
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,15May1973.
FortheCouncil
ThePresident
A.LAVENS