CELEX: 31977R1160
Language: en
Date: 1977-05-17
Title: Council Regulation (EEC) No 1160/77 of 17 May 1977 fixing, for the 1977/78 marketing year, the monthly price increases for paddy rice and husked rice

No L 136/ 16                           Official Journal of the European Communities                             2. 6 . 77
                                      COUNCIL REGULATION (EEC) No 1160/77
                                                         of 17 May 1977
                 fixing, for the 1977/78 marketing year, the monthly price increases for paddy
                                                      rice and husked rice
  THE COUNCIL OF THE EUROPEAN                                       HAS ADOPTED THIS REGULATION :
  COMMUNITIES,
                                                                                            Article 1
  Having regard to the Treaty establishing the European
  Economic Community,                                               1 . For the 1977/78 marketing year, the amount of
  Having regard to Council Regulation (EEC) No                      each of the monthly increases provided for in Article
  1418/76 of 21 June 1976 on the common organiza­                   7 ( 1 ) of Regulation (EEC) No 1418/76 shall be as
                                                                    follows :
  tion of the market in rice ( !), as amended by Regula­
  tion (EEC) No 11 58/77 (2), and in particular Article 7           — 1-80 units of account per tonne for the interven­
  (2) thereof,                                                          tion price,
  Having regard to the proposal from the Commission,                — 2-25 units of account per tonne for the target
                                                                         price.
  Whereas, when fixing the number and amount of the
  monthly increases and the first month during which                2. These monthly increases shall apply from 1
  these increases are to apply, account shall be taken of           October 1977 to 1 July 1978 . The prices thus
  the costs of storing and financing rice in the Commu­             obtained for July 1978 shall remain valid until 31
» nity and of the need to ensure that the disposal of               August 1978 .
  stocks of rice conforms to market requirements ;
                                                                                            Article 2
  Whereas,     to   take account of these criteria, the
  monthly increases adopted for the 1976/77 marketing               This Regulation shall enter into force on 1 September
i year should be increased,                                         1977 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 17 May 1977.
                                                                                For the Council
                                                                                 The President
                                                                                    J. SILKIN
  (!) OJ no L 166, 25 . 6 . 1976, p. 1 .
  (2) See page 13 of this Official Journal .