Commission Regulation (EC) No 162/2002 of 29 January 2002 determining the aid referred to in Council Regulation (EC) No 1255/1999 for the private storage of butter and cream and derogating from Article 29 of Regulation (EC) No 2771/1999 laying down detailed rules for the application of Council Regulation (EC) No 1255/1999 as regards intervention on the market in butter and cream
Date: 2002-01-29
Institutions: European Commission
Subjects: butter, cream, market intervention, private stock, storage cost, storage premium

30.1.2002

EN

Official Journal of the European Communities

L 26/7

COMMISSION REGULATION (EC) No 162/2002

of 29 January 2002

determining the aid referred to in Council Regulation (EC) No 1255/1999 for the private storage of
butter and cream and derogating from Article 29 of Regulation (EC) No 2771/1999 laying down
detailed rules for the application of Council Regulation (EC) No 1255/1999 as regards intervention
on the market in butter and cream

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

(3)

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 1255/1999 of 17
May 1999 on the common organisation of the market in milk
and milk products (1), as last amended by Regulation (EC) No
1670/2000 (2), and in particular Article 10 thereof,

Whereas:

(1)

(2)

Article 34(2) of Commission Regulation (EC) No 2771/
1999 of 16 December 1999 laying down detailed rules
for the application of Council Regulation (EC) No 1255/
1999 as regards intervention on the market in butter
and cream (3), as last amended by Regulation (EC) No
1614/2001 (4),
that, without prejudice to
Article 38 of that Regulation, the amount of the aid
referred to in Article 6(3) of Regulation (EC) No 1255/
1999 for private storage is to be fixed each year. To this
end, account should be taken of the fixed, daily and
financial costs of storage, and of the movements in the
European Central Bank's interest rate in the case of the
financial costs.

stipulates

Article 29(1) of Regulation (EC) No 2771/1999 stipu-
lates the period in which entry into store must take
place. The current situation on the butter market justifies
bringing the entry date of 15 March for butter and
cream storage operations in 2002 forward to 1 March,
as an exceptional measure.

The Management Committee for Milk and Milk Products
has not delivered an opinion within the time limit set by
its Chairman,

HAS ADOPTED THIS REGULATION:

Article 1

The aid referred to in Article 6(3) of Regulation (EC) No
1255/1999 shall be calculated per tonne of butter or butter
equivalent for contracts concluded in 2002 on the following
basis:

(a) EUR 24 for the fixed costs;

(b) EUR 0,35 for the costs of cold storage for each day of

contractual storage, and

(c) an amount per day of contractual storage, calculated on the
basis of 91 % of the intervention price for butter in force
on the day the contractual storage begins and on the basis
of an annual

interest rate of 3 %.

Article 2

Article 29(1) of Regulation (EC) No 2771/1999 notwith-
standing, entry into store in 2002 may take place from 1
March.

Article 3

This Regulation shall enter
into force on the third 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 Brussels, 29 January 2002.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 160, 26.6.1999, p. 48.
(2) OJ L 193, 29.7.2000, p. 10.
(3) OJ L 333, 24.12.1999, p. 11.
(4) OJ L 214, 8.8.2001, p. 20.