Council Regulation (EC) No 1881/94 of 24 July 1994 amending Regulation (EEC) No 2072/92 fixing the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses for two annual periods from 1 July 1993 to 30 June 1995

COUNCIL REGULATION (EC) No 1881/94 of 24 July 1994 amending Regulation (EEC) No 2072/92 fixing the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses for two annual  periods from 1 July 1993 to 30 June 1995
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 43 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Whereas the market situation for milk and milk products continues to be precarious; whereas the persistent decline in butter consumption in the Community causes continuing problems on the butter market; whereas the constant rise in the fat content of  milk further aggravates the situation; whereas the reduction in the intervention price for butter should be marked by an additional 1 % reduction in order to improve the competitive position of butter and milk fats, encourage their consumption and alter  the upward trend in the fat content of milk; whereas it is necessary to fix accordingly the target price for milk and amend Regulation (EEC) No 2072/92 (3);
Whereas Council Regulation (EC) No 1880/94 of 27 July 1994 amending Regulation (EEC) No 804/68 on the common organization of the market in milk and milk products (4) abolishes buying in in respect of Grana Padano and Parmigiano Reggiano cheeses; whereas  the intervention prices for those cheeses should accordingly be rescinded,