Council Regulation (EC) No 1363/98 of 26 June 1998 fixing the target price for milk and the intervention prices for butter and skimmed-milk powder for the 1998/1999 milk marketing year
Date: 1998-06-26
Institutions: Council of the European Union
Subjects: butter, intervention price, marketing year, milk, skimmed milk powder, target price

L 185/6

EN

Official Journal of the European Communities

30. 6. 98

COUNCIL REGULATION (EC) No 1363/98

of 26 June 1998

fixing the target price for milk and the intervention prices for butter and
skimmed-milk powder for the 1998/1999 milk marketing year

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EEC) No 804/68 of
27 June 1968 on the common organisation of the market
in milk and milk products (1), and in particular Articles
3(4) and 5 thereof,

the intervention prices

Whereas
for butter and for
skimmed-milk powder are intended to contribute to the
achievement of the target price for milk; whereas it is
necessary to determine price levels in the light of the
overall supply-and-demand situation on the Community
market in milk and the opportunities for disposal of
butter and skimmed-milk powder on the Community and
world markets,

Having regard to the proposal from the Commission (2),

HAS ADOPTED THIS REGULATION:

Having regard to the opinion of the European Parlia-
ment (3),

Having regard to the opinion of the Economic and Social
Committee (4),

Whereas, when fixing the common agricultural prices
each year, account should be taken of the objectives of the
common agricultural policy; whereas the objectives of the
common agricultural policy are in particular to secure a
fair standard of living for the agricultural community and
to ensure that supplies are available and that they reach
the consumers at reasonable prices;

Whereas the target price for milk should bear a balanced
relationship to the prices for other agricultural products
and in particular to the prices for beef and veal, and be
consistent with the desired general pattern of cattle
farming; whereas it is also necessary, in fixing that price,
to take account of the Community’s efforts to establish a
long-term balance between supply and demand on the
milk market, allowing for external trade in milk and milk
products;

Article 1

For the 1998/1999 milk marketing year the target price
for milk and the intervention prices for milk products
shall be as follows:

(a) Target price for milk

(b) Intervention prices:

(cid:190) butter

(cid:190) skimmed-milk powder

(ECU per 100 kg)

30,98

328,20

205,52

Article 2

into force on the day
This Regulation shall enter
following that of its publication in the Official Journal of
the European Communities.

It shall apply from 1 July 1998.

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

Done at Luxembourg, 26 June 1998.

For the Council

The President

J. CUNNINGHAM

(1) OJ L 148, 28. 6. 1968, p. 13. Regulation as last amended by
Regulation (EC) No 1587/96 (OJ L 206, 16. 8. 1996, p. 21).

(2) OJ C 87, 23. 3. 1998, p. 20.
(3) Opinion delivered on 16 June 1998 (not yet published in the

Official Journal).

(4) Opinion delivered on 29 April 1998 (not yet published in the

Official Journal).