Council Regulation (EEC) No 1158/77 of 17 May 1977 amending Regulation (EEC) No 1418/76 on the common organization of the market in rice

COUNCIL REGULATION (EEC) No 1158/77  of 17 May 1977  amending Regulation (EEC) No 1418/76 on the common organization of the market in rice
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 proposal from the Commission,
Having regard to the opinion of the European Parliament (1),
Whereas Council Regulation (EEC) No 1418/76 of 21 June 1976 on the common organization of the market in rice (2) provides for a system of derived intervention prices the level of which must be fixed in such a way that the differences between them reflect the disparities which, given a normal harvest, arise under natural conditions of price formation on the market, and that the forces of supply and demand may adapt freely on that market;
Whereas there is a surplus on the market in rice in Italy and a deficit in the other Member States ; whereas experience has shown that in such a situation freedom of movement within the Community is not influenced by a system of derived intervention prices but by the ratio between the target price and the intervention price ; whereas the system of regional prices should be abolished and replaced by a single intervention price;
Whereas there should be sufficient difference between the target price, which determines the level of protection of the Community market, and the intervention price to ensure market fluidity and to balance surpluses in production areas with requirements in consumer areas ; whereas, to attain this objective, the target price should be established on the basis of the intervention price, taking into consideration, in addition to the element reflecting the cost of transport between the area having the largest surplus and that having the largest deficit, and also husking costs, a market element reflecting the difference, in the production area with the largest surplus, between market prices and the level of the intervention price following a normal harvest;
Whereas the threshold price fixed must be such that in Duisburg the selling price of an imported product corresponds to the target price ; whereas the factors required to determine the threshold price should therefore be specified,