Commission Regulation (EEC) No 537/93 of 9 March 1993 fixing the coefficient reducing agricultural prices applicable from the beginning of the 1993/94 marketing year

COMMISSION REGULATION (EEC) No 537/93 of 9 March 1993 fixing the coefficient reducing agricultual prices applicable from the beginning of the 1993/94 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (1), and in particular Article 12 thereof,
Whereas Article 9 of Regulation (EEC) No 3813/92 provides that the prices fixed in ecus are to be reduced at the beginning of the marketing year following a monetary realignment; whereas, in order to apply this reduction, equal to a 25 % change in the  correction factor referred to in Article 1 (c) of that Regulation, a reduction factor by which the agricultural prices must be divided should be fixed;
Whereas Commission Regulation (EEC) No 3387/92 (2) fixed the correction factor at 1,195066, replaced with effect from 3 February 1993 by 1,205454 by Commission Regulation (EEC) No 219/93 (3); whereas the coefficient for reducing agricultural prices  fixed in Article 2 of Regulation (EEC) No 3387/92 must be adjusted to take account of the monetary realignment of 30 January 1993;
Whereas the changes to the correction factors to be taken into account for calculating the coefficient for reducing agricultural prices from the next marketing year are those which have been made during the current marketing year;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the relevant management committees,