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( 1 ) OJ NO L 281 , 1 . 11 . 1975 , P . 1 .

( 2 ) SEE PAGE 1 OF THIS OFFICIAL JOURNAL .

( 3 ) OJ NO C 85 , 10 . 4 . 1978 , P . 31 .

( 4 ) OJ NO C 101 , 26 . 4 . 1978 , P . 10 .

COUNCIL REGULATION ( EEC ) NO 1255/78

OF 12 JUNE 1978

FIXING CEREAL PRICES FOR THE 1978/79 MARKETING YEAR

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLE 43 THEREOF ,

HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 2727/75 OF 29 OCTOBER 1975 ON THE COMMON ORGANIZATION OF THE MARKET IN CEREALS ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 1254/78 ( 2 ), AND IN PARTICULAR ARTICLES 3 ( 6 ) AND 4 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

HAVING REGARD TO THE OPINION OF THE EUROPEAN PARLIAMENT ( 3 ),

HAVING REGARD TO THE OPINION OF THE ECONOMIC AND SOCIAL COMMITTEE ( 4 ),

WHEREAS THE MARKETS AND PRICES POLICY , BASED ON MODERNIZED FARMS , IS THE MAIN INSTRUMENT OF THE INCOMES POLICY IN AGRICULTURE ; WHEREAS FULL ADVANTAGE CANNOT BE DRAWN FROM SUCH A POLICY UNLESS IT IS INTEGRATED INTO THE COMMON AGRICULTURAL POLICY AS A WHOLE , INCLUDING A DYNAMIC SOCIAL AND STRUCTURAL POLICY AND THE APPLICATION OF THE RULES ON COMPETITION CONTAINED IN THE TREATY ;

WHEREAS THE INTERVENTION PRICES AND TARGET PRICES FOR THE PRINCIPAL CEREALS AND THE REFERENCE PRICE FOR COMMON WHEAT OF BREAD-MAKING QUALITY MUST BE FIXED IN SUCH A WAY AS TO PROMOTE A BALANCE BETWEEN THE DIFFERENT SECTIONS OF PRODUCTION ON THE BASIS OF ACTUAL MARKET REQUIREMENTS WHILE AT THE SAME TIME ENSURING THE IMPROVEMENT OF FARM INCOMES ;

WHEREAS , ON THE ONE HAND , IN ORDER TO GUARANTEE THE FLUIDITY OF THE COMMUNITY BARLEY AND MAIZE MARKETS , IT SEEMS ADVISABLE TO MOVE TOWARDS COMPLETE ALIGNMENT ACCOUNT BEING TAKEN OF THE NORMAL RATIO BETWEEN THE AVERAGE RELATIVE VALUES OF THESE TWO CEREALS FOR USE IN ANIMAL FEED ;

WHEREAS , ON THE OTHER HAND , IN THE CASE OF COMMON WHEAT OF BREAD-MAKING QUALITY , THE REFERENCE PRICE FOR THIS PRODUCT SHOULD BE FIXED AT A LEVEL CORRESPONDING TO THE MEDIUM BREAD-MAKING QUALITY ; WHEREAS , IN CALCULATING THIS PRICE , ACCOUNT SHOULD BE TAKEN IN PARTICULAR OF THE DIFFERENCE IN RETURN BETWEEN THE PRODUCTION OF THIS COMMON WHEAT OF MEDIUM BREAD-MAKING QUALITY AND THAT OF COMMON WHEAT OF NON-BREAD-MAKING QUALITY , WHICH CAN AT PRESENT BE ASSESSED AT 15 % ; WHEREAS , SINCE MEDIUM BREAD-MAKING QUALITY HAS NOT YET BEEN DETERMINED , THE REFERENCE PRICE FOR THE 1978/79 MARKETING YEAR SHOULD BE FIXED FOR A QUALITY CORRESPONDING TO THE MINIMUM REQUIREMENTS FOR BREAD-MAKING ;

WHEREAS , IN RESPECT OF THE PRODUCTS REFERRED TO IN THIS REGULATION , THE APPLICATION OF THE CRITERIA FOR THE FIXING OF THE DIFFERENT PRICES , AND THE APPLICATION OF THE MEASURES PROVIDED FOR IN RESPECT OF THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE , ENTAIL THE FIXING OF THOSE PRICES AT THE LEVELS SHOWN IN THE ANNEX HERETO ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

BY WAY OF DEROGATION FROM ARTICLE 3 ( 4 ) OF REGULATION ( EEC ) NO 2727/75 , FOR THE 1978/79 MARKETING YEAR , THE REFERENCE PRICE FOR COMMON WHEAT OF BREAD-MAKING QUALITY SHALL BE CALCULATED BY ADDING TO THE SINGLE INTERVENTION PRICE FOR COMMON WHEAT AN AMOUNT REFLECTING THE DIFFERENCE IN RETURN BETWEEN THE PRODUCTION OF COMMON WHEAT OF BREAD-MAKING QUALITY OF THE MINIMUM QUALITY AND THAT OF COMMON WHEAT OF NON-BREAD-MAKING QUALITY .

ARTICLE 2

FOR THE 1978/79 MARKETING YEAR , CEREAL PRICES SHALL BE THOSE FIXED IN THE ANNEX HERETO .

ARTICLE 3

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT LUXEMBOURG , 12 JUNE 1978 .

FOR THE COUNCIL

THE PRESIDENT

K . OLESEN

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ANNEX

// // // ( U.A./TONNE ) //

COMMON WHEAT

SINGLE COMMON INTERVENTION PRICE:121.57 REFERENCE PRICE , MINIMUM BREAD-MAKING QUALITY:136.96 TARGET PRICE:162.39 RYE

SINGLE INTERVENTION PRICE:130.25 TARGET PRICE:155.12 BARLEY

SINGLE COMMON INTERVENTION PRICE:121.57 TARGET PRICE:147.23 MAIZE

SINGLE COMMON INTERVENTION PRICE:121.57 TARGET PRICE:147.23 DURUM WHEAT

SINGLE INTERVENTION PRICE:203.01 TARGET PRICE:224.27