CELEX: 51974PC0681
Language: en
Date: 1974-05-16
Title: PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL fixing at zero the carry-over payment for stocks of maize remaining at the end of the 1973/74 marketing year#PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL fixing the aid for the production of durum wheat for the 1974/75 marketing year (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (74) 681
Vol. 1974/0107
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 ---pagebreak--- COMMISSION OF THE EUROPSAN COMMXJNÏÏÏES
                                                   COM(74)681 Final
                                                   Brussels , 16 May 1974
                                 PROPOSAL FOR A
                        REGULATION (EEC ) OP THE COUNCIL   .
    fixing at zero the carry-over payment for stocks of maize remaining
                    at the end of the 1973/74 marketing year
                                 PROPOSAL FOR A
                        REGULATION (EEC ) OP THE COUNCIL
     fixing the aid for the production of durum wheat for the 1974/75
                                 marketing year
                  (submitted to the Council by the Commission )
    COIÎ (74) 689 Final
 ---pagebreak---                                  EXPLABATORY NOTE
Subject :  Draft Council Regulation fixing at zero the carry-over payment for
           stocks of maize remaining at the end of the 1973/1974 marketing year.
The high price conditions for cereals , including maize , which prevailed during
the first three months of this year had a strong influence on the Community
market and consequently the Commission did not make a proposal to Council on
carry-over payments for any of the cereals for which such payment is faculta-
tive . For maize , for which ouch payment is obligatory , the difference between
tho target prices at the end and at the beginning of the marketing year was
0.12 u.a . per metric ton and Council decided to fix the payment at zero .
However it should be pointed out that the world market situation for cereals
as changed during these last months and the market situation towards the end
of this marketing year cannot be forseen at the moment .;
Consequently it must be remembered that storage difficulties in intervention
could occur at the time of transition from the current marketing year to the
1974/75 season .
The situation must then be followed carefully .
 ---pagebreak---       Not© on "the financial consequences of fixing the carry-over payment
      for maize at the end of the 1973/1974 marketing year at zero and. of
        fixing the aid for the production of durum wheat ( 1974/1975 )
The amount of carry-over payment for stocks of maize remaining at the end of
the marketing year was 5*78 u.a . per metric ton for the last marketing year
( l972/73)> this represented the difference between the target prices at the
end and at the "beginning of the marketing year for that cereal .
This difference was only 0.12 u.a , per metric ton for the current marketing
year so Council fixed the amount of the payment for maize at zeros consequently
the saving in comparison with the last marketing year is 5*78 u.s . per metric
ton .
As regards the aid for the production of durum wheat , the difference between
the amount of aid for the current marketing year ( 37»23 u.a . per metric ton )
and that for the 1974/1975 marketing year ( 30.00 u.a. per metric ton) is
7.23 u.a . per metric ton .
Calculated on the basis of a Community production of durum wheat assessed at
3*2 to 3*5 million metric tons , the' saving for the E.A.G.G.P will be about
25 million units' of account .
 ---pagebreak---                                    PBDPOSAL POE A
                          E3CE7LATION (EEC ) OF THE COUÎTCTL
                                               ait i uni mi mun i n i nmt
         fixing at zero the carry-over payment for stocks of maize
           remaining at the end of the 1973/74 marketing year
THE COUÎTCIL OP THE EUROPEM COI^ÎUITITES ,
Having regard to the Treaty establishing the European Economic Community!
Having regard to the proposal of the Commission ;
Having regard to Council Regulation No I20/67 /EEC                        of 13 June 1967 on
the common organization of the market in cereals , as last amended "by Regu­
lation (EEC ) No        /74       and in particular Article 9(5 ) thereof|
Whereas the carry-over payment provided for in Article 9(2 ) of Regulation
No I20/67 /EEC must "be , for stocks of maize remaining at the end of the
marketing year , in pursuance of paragraph 3 of the same Article , at most
equal to the difference between the target price applicable in the last
month of the 1973/74 marketing year and that applicable in the first month
of the 1974/75 marketing year; whereas , since this difference is insignifi­
cant . the payment should be fixed at zerof
HAS ADOPTED THIS REGULATION :
                                     Article 1
The amount of the carry-over payment to be granted for stocks of maize at
the end of the 1973/74 marketing year shall be fixed at zero .
                                     Article 2
This Regulation shall enter into force on the day following its publication
in the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable in
all Member States .
Done at Brussels ,
                                                           Por the Council
                                                           The Président
( 1 ) OJ No 117 , 19.6.1967 , p. 2269/67 ;
( 2 ) OJ No L
 ---pagebreak---                               E:TLAUATION NOTE
Subject ; Draft Council Regulation (EEC ) firing the aid for the production of
          durun wheat .
In its meeting of 23 March 1974 the Council decided to continue the system of
aid for the production of durun wheat for the 1974/75 marketing year and
fixed the amount at 30 u.a . per metric ton .
This aid represents the difference "between the minimum guaranteed price and
the single intervention price , the method of calculation used in past years .
 ---pagebreak---                                             PRQPOSiU» FOR A
                        Rn^forATicir (me ) op " OT ÉDtarêïL " '/
                        e» -~*+mp»L wrMtii;           o –cj aevnuwmuMMM
                                                                        " '" ' '
          fixing the aid for the production of durum wheat for the 1974/75
                                               marketing year
THE COUITC IL OP THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ;
Having regard to the proposal of the Commission ::
Having regard to Council Regulation 1° 120/67/EBC ( l ) of 13 June 1967 on the
common organization of the market in cereals , as last amended by Regulation
( EEC ) N° 1346/73(2 ), and in particular Article 10 thereof;
Whereas under Article 10 of Regulation N° I20/67 /EBC the amount of aid for durum
wheat is to be equal to the difference obtaining at the beginning of the marke­
ting year between the guaranteed minimum price and the intervention price appli­
cable at the marketing centre for the area with the largest surplus ; whereas
for the 1974/75 marketing year, the guaranteed minimum price for durum wheat ,
and the single intervention price applicable at the marketing centre for the
area with the largest surplus were fixed by Council Regulation ( SEC ) n° .....( 3 )
of ••••••••., determining for the 1974/75 marketing year the single intervention
prices for barley , rye , durum wheat and maize , as well as the principal marketing
centres for common wheat and the derived intervention prices relating to them. .
HAS ADOFTED THIS REGULATION ;
                                                Article 1
During the marketing year 1974/75 "the amount of aid for durum wheat , provided
for in Article 10 of Regulation H° 120/67/ESC , shall be 30.00 units of account
pa: metric ton.
                                                Article 2
Articles 2 tot 5 of Council Regulation 1° 135/67/EEC (4 ) of 13 June 1967 relating
to aid for durum wheat shall continue to apply during the 1974/75 marketing year.
( 1 ) OJ N° 117 , 19.6.1967 , p. 2269/67 .
( 2 ) OJ N« L 141 , 28.5.1973 , p. 8.
( 3 ) OJ N°       ,                   , p. .
(4 ) OJ     122, 22.é.l967 » p. 2393/67 .
 ---pagebreak---                                      - 2 -
                                    Article 3
This regulation shall enter . into force on the third day following its publication
in the Official Journal* of the 'European Communities i
This Regulation shall "be binding in its entirety and directly applicable in
all Member States .
Don© àt Brussels,                                             For the Council
                                                               The Président