CELEX: 51989PC0040(08)
Language: en
Date: 1989-01-31
Title: PROPOSAL FOR A COUNCIL REGULATION ( EEC ) FIXING THE MONTHLY PRICE INCREASES FOR PADDY RICE AND HUSKED RICE FOR THE 1989/90 MARKETING YEAR

No C 82/10                              Official Journal of the European Communities                                  3. 4. 89
                                                          Proposal for a
                                            COUNCIL REGULATION (EEC) No ...
                                                               of...
                       fixing the monthly price increases for paddy rice and husked rice for the 1989/90
                                                         marketing year
                                                          •(89/C 82/08)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                             HAS ADOPTED THIS REGULATION:
Having regard to the Treaty establishing the European
Economic Community,                                                                            Article 1
Having regard to Council Regulation (EEC) No 1418/76 of               1. For the 1989/90 marketing year, the monthly increases
21 June 1976 on the common organization of the market in             provided for in Article 7(1) of Regulation (EEC) No 1418/
rice (*), as last amended by Regulation (EEC) No ... (2), and        76 shall be:
in particular Article 7(2) thereof,
                                                                     — 1,77 ecus per tonne for the intervention and buying-in
Having regard to the proposal from the Commission,                       prices,
                                                                     — 2,21 ecus per tonne for the target price.
Whereas, when the amounts of the monthly increases are
fixed, account should be taken of the storage costs and
financing charges for storing rice in the Community and of           2. The monthly increases shall apply to the intervention
the need to .ensure that the disposal of stocks of rice              and buying-in prices from 1 February to 1 July 1990, the
conforms to market requirements; whereas disposal should             prices thus obtained for July 1990 remaining valid until 31
be made more even by discouraging operators from holding             August 1990.
on to stocks; whereas, to that end, those increases should
be reduced;                                                          The monthly increases shall apply to the target price from
                                                                     1 November 1989 to 1 July 1990, the price thus obtained
                                                                     for July 1990 remaining valid until 31 August 1990.
Whereas for the same reasons pertaining to supply and
demand on account of which the intervention period has
been shortened the monthly increases in the intervention
and buying-in prices should be restricted to the intervention                                 Article 2
period; whereas for the sake of consistency the number of
monthly increases in the target price should also be
reduced,                                                             This Regulation shall enter into force on the third day
                                                                     following its publication in the Official Journal of the
                                                                     European Communities.
0) OJ No L 166, 25. 6. 1976, p. 1
(2) See page 8 of this Official Journal.                             It shall apply from 1 September 1989.
                This Regulation shall be binding in its entirety and directly applicable in all Member States.
                Done at...
                                                                                    For the Council