Commission Regulation (EC) No 1488/2006 of 9 October 2006 fixing the depreciation coefficients to be applied when agricultural products are bought in, for the 2007 accounting year
Date: 2006-10-09
Institutions: European Commission
Subjects: agricultural product, devaluation, intervention buying, purchase price, ratio, selling price

10.10.2006

EN

Official Journal of the European Union

L 278/9

COMMISSION REGULATION (EC) No 1488/2006

of 9 October 2006

fixing the depreciation coefficients to be applied when agricultural products are bought in, for the
2007 accounting year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty
Community,

establishing the European

Having regard to Council Regulation (EEC) No 1883/78 of 2
August 1978 laying down general rules for the financing of
interventions by the European Agricultural Guidance and
Guarantee Fund, Guarantee Section (1), and in particular the
second sentence of Article 8(1) thereof,

Whereas:

(1)

(2)

(3)

Under Article 3(1)(b) of Council Regulation (EC) No
1290/2005 of 21 June 2005 on the financing of the
common agricultural policy (2),
intervention measures
to regulate agricultural markets are financed by the
European Agricultural Guarantee Fund (EAGF).

In accordance with Article 8 of Regulation (EEC) No
1883/78, depreciation of agricultural products in public
intervention storage must
take place when they are
bought
in. The depreciation percentage must not
exceed the difference between the buying-in price and
the foreseeable disposal price for each product. That
percentage must be fixed for each product before the
beginning of each accounting year. The Commission
may also restrict
the time of
buying-in to a fraction of this depreciation percentage,
but that fraction may not be less than 70 % of the overall
depreciation.

the depreciation at

Points 1, 2 and 3 of Annex VIII to Commission Regu-
lation (EC) No 884/2006 of 21 June 2006 laying down
detailed rules for the application of Council Regulation
(EC) No 1290/2005 as regards the financing by the
European Agricultural Guarantee Fund (EAGF) of inter-
storage
vention measures
storage
operations

form of public
accounting of public

and the

in the

operations by the paying agencies of
the Member
States (3) lay down the methods for calculating the depre-
ciation.

(4)

(5)

Coefficients for certain products to be applied by the
intervention agencies to the monthly buying-in values
of those products in the 2007 accounting year should
therefore be fixed, to enable the agencies to establish the
depreciation amounts.

The measures provided for in this Regulation are in
accordance with the opinion of the Committee on the
Agricultural Funds,

HAS ADOPTED THIS REGULATION:

Article 1

In respect of the products listed in the Annex which, having
been bought in by public intervention, have entered store or
been taken over by
intervention agencies between
1 October 2006 and 30 September 2007, the intervention
agencies shall apply to the values of the products bought in
every month the coefficients set out in the Annex.

the

Article 2

The expenditure amounts, calculated by taking account of the
depreciation referred to in Article 1 of
this Regulation,
shall be notified to the Commission under the declarations
established in accordance with Commission Regulation (EC)
No 883/2006 (4).

Article 3

This Regulation shall enter into force on the day of its publi-
cation in the Official Journal of the European Union.

It shall apply from 1 October 2006.

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

Done at Brussels, 9 October 2006.

For the Commission

Mariann FISCHER BOEL
Member of the Commission

(1) OJ L 216, 5.8.1978, p. 1. Regulation as last amended by Regulation

(EC) No 695/2005 (OJ L 114, 4.5.2005, p. 1).

(2) OJ L 209, 11.8.2005, p. 1. Regulation as amended by Regulation

(EC) No 320/2006 (OJ L 58, 28.2.2006, p. 42).

(3) OJ L 171, 23.6.2006, p. 35.
(4) OJ L 171, 23.6.2006, p. 1.

L 278/10

EN

Official Journal of the European Union

10.10.2006

ANNEX

Depreciation coefficients to be applied to the monthly buying-in values

Product

Coefficient

Common wheat of bread-making quality

Barley

Maize

Sugar

Paddy rice

Alcohol

Butter

Skimmed-milk powder

—

0,07

—

—

—

0,45

—

—