Commission Regulation (EEC) No 569/90 of 7 March 1990 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream

COMMISSION  REGULATION (EEC) No 569/90
of 7 March 1990
amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products (1), as last amended by Regulation (EEC) No 3879/89 (2), and in particular Article 6 (7) thereof,
Whereas Title III of Commission Regulation (EEC) No 685/69 (3), as last amended by Regulation (EEC) No 3437/89 (4), lays down the detailed rules for the granting of aid for private storage of butter and cream; whereas, in view of the present state of the market, the possibility of storing or removing from storage butter or cream during the same period is likely to deflect the provisions on storage measures from their economic objective; whereas the period during which butter and cream may be stored should therefore be amended;
Whereas Article 24 (3) of Regulation (EEC) No 685/69 lays down the various components relating to the fixing of aid for private storage; whereas, in view of the trend on the monetary market on the one hand and of the real costs of storage on the other, those components should be adapted; whereas the situation on the market for butter and cream makes it necessary to extend the maximum duration of storage under contract;
Whereas Article 29 of Regulation (EEC) No 685/69 provides for the obligation to adapt the aid where there is a change in the intervention price; whereas, in certain market situations, an adjustment of the intervention price does not necessarily affect the price of butter at the time of removal from storage; whereas, if such circumstances arise, the Commission should be authorized to draw the consequences thereof;
Whereas the Management Committee for Milk and Milk Products has not delivered an opinion within the time limit set by its chairman,