Commission Regulation (EC) No 1061/98 of 25 May 1998 amending Regulation (EC) No 2571/97 on the sale of butter at reduced prices and the granting of aid for cream, butter and concentrated butter for use in the manufacture of pastry products, ice-cream and other foodstuffs

COMMISSION REGULATION (EC) No 1061/98 of 25 May 1998 amending Regulation (EC) No 2571/97 on the sale of butter at reduced prices and the granting of aid for cream, butter and concentrated butter for use in the manufacture of pastry products, ice-cream and other foodstuffs
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organisation of the market in milk and milk products (1), as last amended by Regulation (EC) No 1587/96 (2), and in particular Articles 6(6), 12(3) and 28 thereof,
Whereas Article 11 of Commission Regulation (EC) No 2571/97 (3) lays down the time limit for processing and incorporating into final products the products referred to in Article 1 of that Regulation; whereas the length of the time limit is for the moment a factor encouraging speculative operations; whereas the time limit should therefore be reduced;
Whereas, to ensure that the tenders are bona fide, given the current situation on the market, the tendering security referred to in Article 17(1) of Regulation (EC) No 2571/97 should be increased to ECU 350 per tonne;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products,