Commission Regulation (EEC) No 2232/87 of 23 July 1987 laying down detailed rules applying to intervention purchasing of cereals

COMMISSION  REGULATION (EEC) No 2232/87
of 23 July 1987
laying down detailed rules applying to intervention purchasing of cereals
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals (1), as last amended by Regulation (EEC) No 1900/87 (2), and in particular Article 7 (7) thereof,
Whereas by virtue of the provisions of Article 7 (1) of Regulation (EEC) No 2727/75 intervention purchasing cannot be effected unless the market price is lower than the intervention price for a certain period whereas the purpose behind this provision is to prevent recourse to intervention on the slightest movement of prices and to permit its commencement only if market prices persist at levels lower than the intervention price; whereas for this purpose a period of at least two weeks is adequate;
Whereas under the new intervention arrangements set out in the said Article 7 one of the factor on which intervention purchasing depends is a comparison between market prices and the intervention price; whereas the latter price is fixed for a standard quality at the wholesale stage delivered unloaded at store; whereas for reasons of comparability market prices should be determined for an identical stage;
Whereas the market prices recorded at the ports of export must be corrected by an amount representing the forwarding cost between the principal zones of production and these ports; whereas fixed amounts should be set that will depend on the varrious means of transport used and the distance between the production zones and the said ports;
Whereas if the arrangements are to be run satisfactorily the number of ports used must be kept to a strict minimum; whereas likewise for certain cereals assimilated to a main product;
Whereas a longer period for confirmation of market behaviour should be required before a decision to stop intervention purchasing is taken as is required for the decision to start it;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals,