Council Regulation (EEC) No 3883/89 of 11 December 1989 fixing the intervention price for butter and skimmed- milk powder as from 1 March 1990

COUNCIL REGULATION (EEC) No 3883/89 of 11 December 1989 fixing the intervention price for butter and skimmed-milk powder as from 1 March 1990
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 3879/89 (2), and in particular Article 12 (2) 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 1112/89 (6) fixed the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses for the 1989/90 milk year;
Whereas Council Regulation (EEC) No 3881/89 of 11 December 1989 establishing, for the period running from 1 April 1989 to 31 March 1990, the Community reserve for the application of the levy referred to in Article 5c of Regulation (EEC) No 804/68 in the  milk and milk products sector (7),
increas the reserve provided for by Regulation (EEC) No 766/89 (8) for redistribution for the benefit of the producers during the abovementioned period; whereas, for the purposes of avoiding any worsening of the market situation and a rapid  reconstitution of stocks, it appears appropriate to decide, at this stage already, on a lowering of the intervention price for butter and skimmed-milk powder, to apply from
1 March 1990,