Commission Regulation (EC) No 1275/2004 of 12 July 2004 amending Regulation (EEC) No 2692/89 laying down detailed rules for exports of rice to Réunion as regards the correction to be made to the amount of the subsidy where there is a change in the intervention price for paddy rice at the end of the marketing year

13.7.2004 EN Official Journal of the European Union L 241/8
COMMISSION REGULATION (EC) No 1275/2004
of 12 July 2004
amending Regulation (EEC) No 2692/89 laying down detailed rules for exports of rice to Réunion as regards the correction to be made to the amount of the subsidy where there is a change in the intervention price for paddy rice at the end of the marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 3072/95 of 22 December 1995 on the common organisation of the market in rice (1), and in particular Article 10(3) thereof,
Whereas:
(1) Commission Regulation (EEC) No 2692/89 (2) makes no specific provision to take account of a change in the intervention price at the end of the marketing year.
(2) From the 2004/05 marketing year the intervention price for rice will fall from EUR 298,35/t to EUR 150/t, exclusive of any monthly increase. To prevent any distortion of competition, the fall in the intervention price must be taken into account when determining the amount of the subsidy applicable to exports of rice covered by subsidy documents issued during the previous marketing year but still valid at the beginning of the 2004/05 marketing year. To that end, Article 4 of Regulation (EEC) No 2692/89 should provide for that to be taken into account.
(3) Regulation (EEC) No 2692/89 should be amended accordingly.
(4) Commission Regulation (EC) No 1878/2003 (3) opened an invitation to tender for the subsidy on consignments of husked long-grain B rice to Réunion.
(5) The time limit for this procedure should be extended to 29 July.
(6) The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals,