CELEX: 31978R0998
Language: en
Date: 1978-05-12 00:00:00
Title: Council Regulation (EEC) No 998/78 of 12 May 1978 fixing the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses for the 1978/79 milk year

18 . 5 . 78                           Official Journal of the European Communities                         No L 130/5
                                      COUNCIL REGULATION (EEC) No 998/78
                                                      of 12 May 1978
              fixing the target price for milk and the intervention prices for butter, skimmed-
              milk powder and Grana Padano and Parmigiano Reggiano cheeses for the
                                                     1978/79 milk year
THE COUNCIL OF THE EUROPEAN                                      the achievement of the target price for milk ; whereas
COMMUNITIES,                                                     it is necessary to determine the price levels in the
Having regard to the Treaty establishing the European            light of both the general state of supply and demand
Economic Community, and in particular Article 43                 on the Community market in milk and the opportuni­
thereof,                                                         ties for disposal of butter and skimmed-milk powder
                                                                 on the Community and world markets ;
Having regard to Council Regulation (EEC) No
804/68 of 27 June 1968 on the common organization                Whereas the intervention prices for Grana Padano and
of the market in milk and milk products (!), as last             Parmigiano Reggiano cheeses must be fixed in accor­
amended by Regulation (EEC) No 2560/77 (2), and in               dance with the criteria laid down in Article 5 (2) of
particular Articles 3 (4) and 5 ( 1 ) thereof,                   Regulation (EEC) No 804/68,
Having regard to the proposal from the Commission,
                                                                 HAS ADOPTED THIS REGULATION :
Having regard to the opinion of the European Parlia­
ment (3),
                                                                                         Article 1
Having regard to the opinion of the Economic and
Social Committee (4),                                            For the 1978/79 milk year, the target price for milk
Whereas, when fixing the common agricultural prices,             and the intervention prices for milk products shall be
                                                                 as follows :       i
account should be taken of the objectives of the
common agricultural policy and of the contribution                                                        (u.a/100 kg)
which the Community desires to make to the harmon­               (a) target price for milk                    17-70
ious development of world trade ; whereas the objec­             (b) intervention price :
tives of the commdn agricultural policy are in parti­                — butter                                235-72
cular to secure an equitable standard of living for the              — skimmed-milk powder                    95.78
agricultural community and to ensure that supplies                   — Grana Padano cheese :
are available and that they reach consumers at reason­
able prices ;                                                            — of an age from 30 to 60
                                                                             days                            231.13
Whereas the target price for milk should bear a                          — of an age of at least six
balanced relationship to the prices for other agricul­                        months                         280-48
tural products and in particular to that for beef and
veal, and be consistent with the proposed orientation                — Parmigiano            Reggiano
of cattle farming ; whereas it is also necessary, in                     cheese of an age of at least
                                                                         six months                          306.03
fixing those prices, to take account of the Commu­
nity's efforts to establish a long-term balance between
supply and demand on the market in milk, allowing
                                                                                          Article 2
for external trade in milk and milk products ;
Whereas the intervention prices for butter and for               This Regulation shall enter into force on 22 May
skimmed-milk powder are designed to contribute to                 1978 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 12 May 1978 .
                                                                              For the Council
                                                                               The President
                                                                               P. DALSAGER
(!) OJ   No L 148, 28 . 6. 1968, p. 13.
(2) OJ   No L 303, 28 . 11 . 1977, p. 1 .
(3) OJ   No C 85, 10. 4. 1978, p. 31 .
(4) OJ   No C  101 , 26. 4. 1978, p. 10.