CELEX: 31971R1056
Language: en
Date: 1971-05-25 00:00:00
Title: Regulation (EEC) No 1056/71 of the Council of 25 May 1971 amending Regulation No 359/67/EEC on the common organisation of the market in rice

276                                 Official Journal of the European Communities
No L 115/ 12                        Official Journal of the European Communities                                27.5.71
                                REGULATION (EEC) No 1056/71 OF THE COUNCIL
                                                    of 25 May 1971
              amending Regulation No 359/67/EEC on the common organisation of the market in
                                                          rice
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                         movement of rice within the Community                in
                                                                 accordance with the requirements of the market;
Having regard to the Treaty establishing the
European Economic Community, and in particular
Article 43 thereof:                                              HAS ADOPTED THIS REGULATION :
Having regard to the proposal from the Commission ;                                        Article 1
Having regard to the Opinion of the European                     The following shall be substituted for the first and
Parliament1 ;                                                    second subparagraphs of Article 4 (3 ) of Regulation
                                                               ■ No 359/67/EEC :
Whereas in accordance with Article 4 (3 ) of Council                 'Intervention prices shall be fixed for Aries and
Regulation No 359/67/EEC2 of 27 July 1967 on the                     Vercelli as follows :
common organisation of the market in rice, as last
amended by Regulation (EEC) No 2434/70,3                             — by calculating the derived target price for
intervention prices for paddy rice at Aries and                          Aries and Vercelli, respectively;
Vercelli are derived from the target price for husked                — by converting that price into a price for paddy
rice at Duisburg, in the light of the costs of transport                 rice on the basis of the conversion rates,
between these centres, by converting the price for                       processing costs and the value of the by­
husked rice into a price for paddy rice and by                           products.
reducing the result thus obtained by 4% ;
                                                                     The calculation mentioned above shall be made
Whereas experience has shown that the development                    in such a way that the differences between the
of the market and the adjustment of prices have been                 intervention prices as also between them and the
impeded by the existence of a narrow fixed margin,                   target price correspond to the price disparities to
so that it has been difficult to adapt supply to                     be expected in the case of a normal harvest on the
demand ; whereas the fixed margin for fixing                         basis of natural conditions of price formation on
intervention prices for paddy rice in the Aries and                  the market and allow the free movement of rice
Vercelli production zones should therefore not be                    within the Community in accordance with the
maintained but these prices should be fixed in such a                requirements of the market.'
way that the differences between them and the
theoretical target prices for paddy rice in the same
zones reflect the disparities which, given a normal                                        Article 2
harvest, arise under natural conditions of price
formation     on  the  market     and   allow   the  free
                                                                 This Regulation shall enter into force on the day of
                                                                 its publication in the Official Journal of the
1 OJ No C 30, 31.3.1971 , p. 5.                                  European Communities.
2 OJ No 174, 31.7.1967, p : 1 .
3 OJ No L 262, 3.12.1970, p. 1.                                  It shall apply from 1 September 1971 .
 ---pagebreak---                      Official Journal of the European Communities                      Ill
This Regulation shall be binding in its entirety and directly applicable in all Member
States .
Done at Brussels, 25 May 1971 .
                                                                    For the Council
                                                                     The President
                                                                     M. COINTAT