CELEX: 51983PC0369
Language: en
Date: 1983-06-15
Title: Proposal for a COUNCIL REGULATION (EEC) amending Regulation (EEC) No 974/71 as regards the calculation of the monetary compensatory amounts in the pigmeat sector (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
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COM (83) 369
Vol. 1983/0144
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                             COM(83 ) 369 fi n al
                                                             B r u s s e ls , 15 June 1983
                                        Proposal for a
                                COUNCIL RE GU LAT IO N (EEC)
   amending Regulation (EEC) No 974/71 as regards the calculation
      of t he m o n e t a r y c o mp ens at ory amounts in the pigmeat sector
               (submitted to the Council by the Commission)
  CO M (83) 369 final
 ---pagebreak---                            EXPLANATORY MEMORANDUM
1. Monetary compensatory amounts (MCMs) are calculated on the basis of the
   intervention prices in the agricultural sectors concerned.
   In the pigmeat sector the intervention price is determined within a
   bracket ranging from 78$ to 92$ of the basic price ("buying-in price").
   The monetary compensatory amounts have always been calculated on the basis
   of the lower limit of the buying-in price.
2. Experience has shown that in the management of the market it was not
   necessary to resort to intervention involving buying in.    In recent years
   when the market situation called for an intervention measure, private
   storage aid only has been used to support the price level on the market.
   In these circumstances it can be stated with justification that the level
   of the buying-in price has virtually no effect on the trend of the market.
3* The Commission will set out in greater depth its position in this respect
   in its forthcoming report to the Council.    It seems desirable
   nevertheless to reduce forthwith the MCMs applicable in the pigmeat sector
   by taking as a basis in the future a lower price level than that applied
   up to now.    A standard abatement could be adopted.
 ---pagebreak---                                       Proposal for a
                               C O U N C IL R E G U L A T IO N (E E C )
amending Regulation (EEC) No 974/71 as regards the calculation of the monetary
compensatory amounts in the pigmeat sector____________________________________
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Economic Community, and
in particular Article 43 thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament,
Whereas Council Regulation (EEC) No 974/71 of 12 May 1971 on certain measures
of conjunctural policy to be taken in agriculture following the temporary
widening of the margins of fluctuation for the currencies of certain Member
States (l), as last amended by Regulation (EEC) No 3439/82 (2), provides that
the monetary compensatory amounts shall be calculated on the basis of the
intervention price for                    products covered by intervention arrangements;
whereas for           other products the monetary compensatory amounts are to be
derived from the monetary compensatory amounts applicable to the
above-mentioned products;
Whereas in the pigmeat sector the monetary compensatory amounts have unti l
now been calculated in accordance with those rules on the basis of the lower
limit fixed for determining the buying-in price provided for under the common
organization of the market in that sector;
Whereas, however, in the course of the last few years it has not been
necessary to resort to intervention in the form of buying in in the sector
concerned;    whereas the buying-in price, therefore, has a limited effect only
on the trend of market prices;                   whereas in these circumstances it seems
appropriate, in order to limit the impact of monetary compensatory amounts, to
calculate them in future on the basis of a lower price level,
 (1 ) OJ No L 1 0 6 ,  1 2 .0 5 .1 9 7 1 ,  p .  1 .
 (2 ) OJ No L 3 6 2 ,  2 3 .1 2 .1 9 8 2 ,  p .  4.
 ---pagebreak---                                                         - 2 -
HAS A D OP TED THIS REGULATION:
                                                    A r ti cle 1
The foll owi ng pa r a g r a p h 3a is h e r e b y inse rte d in Article 2 of Re gu lat io n (EEC)
No 974/71:
"3a.     The m o n e t a r y c o m p e n s a t o r y am ounts for p r od uct s in the pigm eat sector
         shall be c a l c ula te d on the basis of 90% of the lower limit of the
         b u y i n g - i n price a p p l i c a b l e to pig carc ase s. "
                                                    Ar t i c l e 2
This Regu lat io n shall enter into fo rc e on the day of its p u b l i c a t i o n in the
Offi cia l Journal of the Eu r o p e a n Co mmunities.
It shall ap pl y from 1 August 1983.
This Regu lat io n shall be b i n d i n g in its e n t i r e t y and d i r e c t l y a p p l i c a b l e in all
Member States.
Done at B r u s s e l s ,                      1983.                            For the Council