CELEX: 31973R1347
Language: en
Date: 1973-05-15 00:00:00
Title: Regulation (EEC) No 1347/73 of the Council of 15 May 1973 fixing cereal prices for the 1973/74 marketing year

28 . 5 . 73                            Official Journal of the European Communities                          No L 141 /9
                                REGULATION (EEC) No 1347/73 OF THE COUNCIL
                                                       of 15 May 1973
                                    fixing cereal prices for the 1973 /74 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                          therefore be increased, taking the fullest possible
                                                                   account of these economic developments;
Having regard to the Treaty establishing the
European Economic Community, and in particular                    Whereas it is desirable to allow for a stage in
Article 43 thereof;                                               anticipation of a return to market unity, once the rule
                                                                  on maintaining at any given moment a maximum
                                                                   spread between Member State currencies of 2-25 %
Having regard to Council Regulation No                             for spot transactions is applied by all Member States ;
120/67/EEC H of 13 June 1967 on the common                         whereas this purpose is served by a 1 % price
organization of the market in cereals, as last amended             increase which is not reflected in price-levels
by Regulation ( EEC ) No 1346/73 (2 ), and in particular           expressed in terms of the national currencies of
Article 2 (4) thereof;                                            Member States whose currencies have increased in
                                                                  value in relation to the conversion rate used under
Having regard to the proposal from the Commission ;                the Common Agricultural Policy ;
Having regard to the Opinion of the European
Parliament;                                                        HAS ADOPTED THIS REGULATION :
Whereas, when cereal prices are fixed, account                                             Article 1
should be taken of the objectives of the Common
Agricultural Policy and of the contribution which the              For the 1973 /74 marketing year, the target prices and
Community desires to make to the harmonious                        basic intervention prices for cereals and the
development of world trade ; whereas the objectives                guaranteed minimum price for durum wheat shall be
of the Common Agricultural Policy are in particular                as follows :
to ensure a fair standard of living for the agricultural
community, to ensure that supplies are available and                                                          u.a./l 000 kg
that they reach consumers at reasonable prices;                    ( a) Target price :
                                                                         Common wheat                           114-94
Whereas, moreover, cereals play a major part in the                      Rye                                    112-30
agricultural economy of the Community and the
price of cereals affects the price of many agricultural                  Barley                                 105-29
products and therefore the income of persons                             Maize                                  102-77
engaged in agriculture ;
                                                                         Durum wheat                            133-93
Whereas the target prices for the main cereals must                 ( b) Basic intervention price :
be fixed at rates which take account of the levels and
intended trends of production, the uses made of those                    Common wheat                           105-80
cereals and the improvement of farm incomes ;                            Barley                                  96-66
Whereas over recent years the target prices and                     ( c) Guaranteed minimum price for durum
intervention prices and the guaranteed minimum                           wheat :                                155-33
price have generally been adjusted, but to an extent
which has proved insufficient in the light of economic                                     Article 2
developments ; whereas the prices in question should
                                                                    1.    Prices shall be increased by 1 % when all
(!) OJ No 117, 19 . 6. 1967, p. 2269/67.                           Member States maintain at any given moment a
(2) See p. 8 of this Official Journal.                             maximum spread of 2-25 % between their currencies.
 ---pagebreak--- No L 141 / 10                      Official Journal of the European Communities                             28 . 5 . 73
This provision shall be applicable as from the                value in relation to the conversion rate used under
1973 /74 marketing year; the increase shall take effect       the Common Agricultural Policy.
on the first day of the month following the date
determined      in    accordance    with     the    first     3 . The Council, acting on a proposal from the
subparagraph ; however, if the marketing year begins          Commission in accordance with the voting procedure
after that date, the increase shall take effect at the        laid down in Article 43 (2) of the Treaty shall adopt
beginning of that marketing year.                             the methods of implementation of this Article.
                                                                                    Article 3
2. This increase shall not be reflected in price
levels expressed in terms of national currencies of           This Regulation shall enter into force on 1 August
Member States whose currencies have increased in              1973 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
              Done at Brussels, 15 May 1973 .
                                                                                For the Council
                                                                                 The President
                                                                                  A. LAVENS