Commission Regulation (EEC) No 2381/90 of 14 August 1990 reducing the basic and buying-in prices of nectarines for the 1990/91 marketing year following the monetary realignment of 5 January 1990 and a correction to the overrun on the intervention threshold

COMMISSION  REGULATION (EEC) No 2381/90
of 14 August 1990
reducing the basic and buying-in prices of nectarines for the 1990/91 marketing year following the monetary realignment of 5 January 1990 and a correction to the overrun on the intervention threshold
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 1035/72 of 18 May 1972 on the common organization of the market in fruit and vegetables (1), as last amended by Regulation (EEC) No 1193/90 (2), and in particular Article 16a (5) thereof,
Having regard to Council Regulation (EEC) No 1677/85 of 11 July 1985 on monetary compensatory amounts in agriculture (3), as last amended by Regulation (EEC) No 1889/87 (4), and in particular Article 6 (3) thereof,
Whereas Commission Regulation (EEC) No 1370/89 (5) fixed the intervention threshold for nectarines in the 1989/90 marketing year at 45 800 tonnes; whereas, on the basis of information received from the Member States, the Commission determined in May 1990 that the threshold for the said marketing year had been exceeded by 37 264 tonnes; whereas, as a result of this and following the monetary realignment of 5 January 1990, Commission Regulation (EEC) No 1492/90 (6) reduced the basic and buying-in prices for nectarines in line with Article 16a of Regulation (EEC) No 1035/72;
Whereas, in the light of a correction transmitted by one of the Member States, the threshold for nectarines was in fact exceeded by 74 867 tonnes; whereas, in order to save the Community unjustified expenditure, and in accordance with Article 16a (1) of Regulation (EEC) No 1035/72, an immediate reduction of 20 % should be made in the basic and buying-in prices for nectarines fixed in Council Regulation (EEC) No 1194/90 (7) for the 1990/91 marketing year, notwithstanding the cut due to the agri-monetary changes; whereas this reduction in nectarine prices should apply throughout the Community, with the exception of Portugal;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fruit and Vegetables,