Council Regulation (EEC) No 916/92 of 31 March 1992 on the transfer to Portugal of 382 000 tonnes of cereals held by various intervention agencies

COUNCIL REGULATION (EEC) No 916/92  of 31 March 1992  on the transfer to Portugal of 382 000 tonnes of cereals held by various intervention agencies
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals (1), and in particular Article 7 (5) thereof,
Having regard to Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (2), and in particular Article 3 (2) thereof,
Having regard to the proposal from the Commission,
Whereas the drought in Portugal in recent months has led to a shortage of fodder which may induce stockfarmers to sell their livestock prematurely, with possible adverse affects on their incomes;
Whereas this shortage can be offset if the stockfarmers use 230 000 tonnes of feed grain;
Whereas, moreover, wheat production in 1992 is also affected by widespread drought; whereas this situation may result in difficulties of supply on the Portuguese market;
Whereas the abovementioned difficulties may be alleviated by a transfer of Community cereals available at the intervention agencies of the other Member States;
Whereas the Portuguese intervention agency resells transferred stocks in accordance with Commission Regulation (EEC) No 1836/82 of 7 July 1982 laying down the procedure and conditions for the disposal of cereals held by intervention agencies (3);  whereas, however, in view of the foreseeable rise in market prices in Portugal, the cereals transferred should be resold on the Portuguese market at prices permitting disposal on satisfactory price terms;
Whereas certain detailed rules should be laid down on takeover of the cereals and transfer of responsibility for it;
Whereas provisions should be laid down on the entry in accounts of this operation in accordance with the mechanisms laid down in Council Regulation (EEC) No 1883/78 of 2 August 1978 laying down general rules for the financing of interventions by the  European Agricultural Guidance and Guarantee Fund, Guarantee Section (4),