Council Regulation (EEC) No 767/89 of 20 March 1989 fixing the intervention price for butter from 1 April 1989

COUNCIL  REGULATION (EEC) No 767/89
of 20 March 1989
fixing the intervention price for butter from 1 April 1989
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof,
Having regard to the Act of Accession of Spain and Portugal, and in particular Article 89 (1) thereof,
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 763/89 (2), and in particular Article 5 (1) thereof,
Having regard to the proposal from the Commission (3),
Having regard to the opinion of the European Parliament (4),
Having regard to the opinion of the Economic and Social Committee (5),
Whereas Regulation (EEC) No 2233/88 (6) fixes for the 1988/89 milk year, the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses;
Whereas the market situation has changed since that Regulation was adopted, in particular as a result of a rapid reduction in butter stocks; whereas in order to prevent those stocks from building up again, the intervention price for butter should be reduced,