Commission Regulation (EEC) No 1775/79 of 10 August 1979 amending Regulation No 470/67/EEC on the taking over of paddy rice by intervention agencies and fixing the corrective amounts, price increases and reductions applied by them

( 1 ) OJ NO L 166 , 25 . 6 . 1976 , P . 1 .
( 2 ) OJ NO L 188 , 26 . 7 . 1979 , P . 9 .
( 3 ) OJ NO 204 , 24 . 8 . 1967 , P . 8 .
( 4 ) OJ NO L 215 , 13 . 8 . 1975 , P . 10 .
( 5 ) OJ NO L 84 , 4 . 4 . 1979 , P . 1 .
COMMISSION REGULATION ( EEC ) NO 1775/79
OF 10 AUGUST 1979
AMENDING REGULATION NO 470/67/EEC ON THE TAKING OVER OF PADDY RICE BY INTERVENTION AGENCIES AND FIXING THE CORRECTIVE AMOUNTS , PRICE INCREASES AND REDUCTIONS APPLIED BY THEM
THE COMMISSION OF THE EUROPEAN
COMMUNITIES
,
HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,
HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 1418/76 OF 21 JUNE 1976 ON THE COMMON ORGANIZATION OF THE MARKET IN RICE  ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 1552/79 ( 2 ), AND IN PARTICULAR ARTICLE 5 ( 5 ) THEREOF ,
WHEREAS ANNEX I TO COMMISSION REGULATION NO 470/67/EEC ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2113/75 ( 4 ), FIXES CORRECTIVE AMOUNTS REPRESENTING THE DIFFERENCE IN VALUE BETWEEN THE VARIETY OF RICE ADOPTED AS THE STANDARD QUALITY AND OTHER VARIETIES OF RICE ;
WHEREAS IT HAS BEEN FOUND THAT COMMUNITY PRODUCTION OF ROUND GRAIN RICE HAS BEEN FALLING STEADILY FOR SOME YEARS ; WHEREAS THIS SITUATION THREATENS TO LEAD TO A SHORTAGE OF THIS TYPE OF RICE IN THE COMMUNITY ; WHEREAS , ON THE OTHER HAND , THE INCREASE IN COMMUNITY PRODUCTION OF LONG GRAIN RICE IS LEADING TO THE APPEARANCE ON COMMUNITY MARKETS OF EVER GREATER SURPLUS QUANTITIES ;
WHEREAS , SINCE THE END OF THE 1977/78 MARKETING YEAR , THE DIFFERENCE BETWEEN THE MARKET PRICES FOR ROUND GRAIN RICE AND LONG GRAIN RICE IN THE AREAS OF PRODUCTION HAS NARROWED SO CONSIDERABLY THAT THE TWO SETS OF PRICES HAVE BECOME PRACTICALLY IDENTICAL ;
WHEREAS , IN VIEW OF THIS DEVELOPMENT ON THE COMMUNITY RICE MARKET , IT IS ADVISABLE TO ALLOW PRODUCTION AND PRICES TO CONFORM MORE CLOSELY TO MARKET REQUIREMENTS ; WHEREAS TO THIS END , WITH A VIEW TO ACHIEVING THE SAME INTERVENTION PRICE FOR BOTH ROUND GRAIN AND LONG GRAIN RICE , THE INTERVENTION CORRECTIVE AMOUNTS WHICH ARE ADDED IN THE CASE OF LONG GRAIN RICE TO THE INTERVENTION PRICE FIXED FOR THE STANDARD QUALITY OF ROUND GRAIN RICE SHOULD INITIALLY BE REDUCED BY HALF ;
WHEREAS COUNCIL REGULATION ( EEC ) NO 652/79 ( 5 ) FIXED THE COEFFICIENT FOR THE CONVERSION INTO ECU OF AMOUNTS FIXED IN UNITS OF ACCOUNT ;
WHEREAS THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR CEREALS ,