Commission Regulation (EEC) No 2303/86 of 23 July 1986 fixing, for the 1986/87 marketing year, the accession compensatory amounts applicable to rice and the coefficients to be used for the calculation of the amounts applicable to certain processed products

COMMISSION  REGULATION (EEC) No 2303/86
of 23 July 1986
fixing, for the 1986/87 marketing year, the accession compensatory amounts applicable to rice and the coefficients to be used for the calculation of the amounts applicable to certain processed products
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Spain and Portugal,
Having regard to Council Regulation (EEC) No 468/86 of 25 February 1986 laying down general rules for the system of accession compensatory amounts for rice as a result of the accession of Spain (1), and in particular Article 8 thereof,
Whereas Article 72 (1) of the Act of Accession stipulates that the accession compensatory amounts are to be equal to the difference between the prices fixed for Spain and the intervention prices applicable for the Community as constituted on 31 December 1985; whereas, in respect of paddy rice, Regulation (EEC) No 468/86 provides that the difference may be adjusted to make the products concerned comparable;
Whereas, under Article 117 (5) of the Act of Accession, the accession compensatory amounts for processed products are to be derived from those applicable to the products to which they are related, with the help of coefficients to be determined; whereas these coefficients are to be fixed having regard to technical factors in processing and also to the fact that the compensatory amounts will apply to imports, to exports and to trade between the Community as constituted on 31 December 1985 and Spain;
Whereas, under Article 117 (6) of the Act of Accession, the compensatory amount for broken rice is to be fixed at a level that takes into account the difference between the supply price in Spain and the threshold price; whereas the difference recorded on 1 March 1986 should be reduced in seven stages;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals,