NoL166/15 25.6.76 OfficialJournaloftheEuropeanCommunities
COUNCILREGULATION (EEC)No1421/76
of21June1976
fixingcerealandricepricesforthe1976/77marketingyear
Whereastheinterventionpricesandtargetpricesfor
theprincipalcerealsmustbefixedinsuchawayas
topromoteabalancebetweenthedifferentsections
ofproductiononthebasisofactualmarket
requirements ,whileatthesametimeensuringthe
improvementoffarmincomes;
Whereas,inordertofacilitatetransitionfromthe
arrangementsappliedduringthe1975/76marketing
yeartothoselaiddowninArticle3ofRegulation
(EEC)No2727/75,theprincipleoffixingthesingle
interventionpricesforcommonwheat,barleyand
maizeatacommonlevelmay,underArticle4of
thatRegulation,bewaivedforthe1976/77marketing
year;THECOUNCILOFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity,andinparticular
Article43thereof,
HavingregardtoCouncilRegulation (EEC)No2727/
75of29October1975onthecommonorganization
ofthemarketincereals(*),aslastamendedby
Regulation (EEC)No1143/76(2),andinparticular
Articles3(6)and4thereof,
HavingregardtoCouncilRegulation (EEC)No1418/
76of21June1976onthecommonorganizationof
themarketinrice(8),andinparticularArticles2(4)
and4(4)thereof,
HavingregardtotheproposalfromtheCommission,
HavingregardtotheopinionoftheEuropean
Parliament (4),
Whereasthemarketsandpricespolicy,basedon
modernizedfarms,isthemaininstrumentofthe
incomespolicyinagriculture;whereasfulladvantage
cannotbedrawnfromsuchapolicyunlessitis
integratedintothecommonagriculturalpolicyas
awhole,includingadynamicsocialandstructural
policyandtheapplicationoftherulesoncompetition
containedintheTreaty;
Whereasthecommonagriculturalpricesmustbe
fixedbyamethodwhichtakesaccountofobjective
criteria;whereas,whenthosepricesarefixed,
accountshouldalsobetakenoftheobjectivesofthe
commonagriculturalpolicyandofthecontribution
whichtheCommunitydesirestomaketothe
harmoniousdevelopmentofworldtrade;whereasthe
objectivesofthecommonagriculturalpolicyarein
particulartoensureafairstandardoflivingforthe
agriculturalcommunity,toensurethatsuppliesare
availableandthattheyreachconsumersat
reasonableprices;Whereas,ontheonehand,inordertoguaranteethe
fluidityoftheCommunitybarleyandmaizemarkets,
whileatthesametimeavoidingexcessiveprice
increases,itseemsadvisablethat,inafirststage,
theinterventionpricesfortheseproductsshould
onlybemovedtowardsalignment,pendingcomplete
alignment,accountbeingtakenofthenormalratio
betweentheaveragerelativevaluesofthesetwo
cerealsforuseinanimalfeed;
Whereas,ontheotherhand,inthecaseofcommon
wheat,theinterventionpriceshouldbefixed,as
atransitionalmeasure,atalevelcorresponding to
theminimumbreadmaking quality;whereas,in
calculatingthisprice,accountshouldbetakenin
particularofthedifferenceinreturnbetweenthe
productionofthiscommonwheatofminimum
breadmakingqualityandthatofcommonwheatof
non-breadmaking quality,whichdifferencecanat
presentbeassessedat13%;whereasthethird
subparagraphofArticle4(2)ofRegulation (EEC)
No2727/75providesthatinthiscasenoreference
priceneedbefixed;
Whereas,pursuanttoArticle4(1)ofRegulation
(EEC)No2727/75,ifthederogationprovidedfor
inthatRegulationisinvoked,thecommontarget
priceforbarleyandmaizeisfixedforthe1976/77
marketingyearusingthelevelofthesingfleinter­
ventionpriceforbarleyasthelevelforthecommon(1)OJNoL281,1.11.1975,p.1.
(2)OJNoL130,19.5.1976,p.1.
(3)Seepage1ofthisOfficialJournal.
(4)OJNoC53,8.3.1976,p.43.

NoL166/16 OfficialJournaloftheEuropeanCommunities 25.6.76
HASADOPTED THISREGULATION : singleintervention price;whereasthethird
subparagraph ofArtide4(2)laysdownthat,in
calculatingthetargetpriceforcommonwheat,the
interventionpriceforthiscerealshouldbeused
insteadofitsreferenceprice;Article1
Forthe1976/77marketingyear,thecierealandrice
pricesshallbethosefixedintheAnnexes.Whereasthetargetpriceforricemustbefixedat
aratewhichtakesaccountofthelevelsandintended
trendsofproduction,theusemadeoftheproduct
andtheimprovementoffarmincomes;
Article2
1.CouncilRegulation (EEC)No1151/76of
17May1976fixingcerealandricepricesforthe
1976/77marketingyear(')isherebyrepealed.
2.ReferencestotheRegulationrepealedby
paragraph1shallbeconstruedasreferencestothis
Regulation.WhereastheAriesandVerceMiinterventionprices
forpaddyriceshouldbederivedfromthetarget
priceforhuskedrice,inaccordancewiththecriteria
setoutinArticle4(3)ofRegulation (EEC)
No1418/76;
Whereasapplicationofthesecriteriaentailsfixing
thesameinterventionpricesforAriesandVercelli
atalevelhigherthanthatadoptedforthepreceding
marketingyear;
Whereas,inrespectoftheproductsreferredtoin
thisRegulation,theapplicationofthecriteriafor
thefixingofthedifferentprices,andtheapplication
ofthemeasuresprovidedforinrespectofthe
exchangeratestobeappliedinagriculture,entailthe
fixingofthosepricesatthelevelsshowninthe
Annexes,Article3
ThisRegulationshallenterintoforceon
1July1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMemberStates.
DoneatLuxembourg ,21June1976.
FortheCouncil
ThePresident
J.HAMILIUS
(*)OJNoL130,19.5.1976,p.17.

25.6.76 OfficialJournaloftheEuropeanCommunities NoL166/17
ANNEXI
CEREALS
unitsofaccount
permetricton
COMMON WHEAT
Singleinterventionpriceforcommonwheatofminimumbread-making
quality:
—inDenmark
—inIreland
—intheUnitedKingdom
—intheotherMemberStates126.72
127.88
112.42
131.00
Targetprice 152.00
RYE
Singleinterventionprice 124.00
Targetprice 149.15
BARLEY
Singleinterventionprice:
—inDenmark
—inIreland
—intheUnitedKingdom
—intheotherMemberStates112.41
109.86
98.52
116.00
Targetprice 137.80
MAIZE
Singleinterventionprice 112.20
Targetprice 137.80
DURUMWHEAT
Singleinterventionprice 202.00
Targetprice 218.80
ANNEXII
RICE
unitsofaccount
permetricton
(a)Targetpriceforhuskedrice 284.52
(b)Interventionpriceforpaddyrice(AriesandVercelli) 164.16