Council Regulation (EEC) No 2229/88 of 19 July 1988 amending Regulation (EEC) No 1418/76 on the common organization of the market in rice

COUNCIL REGULATION (EEC) No 2229/88 of 19 July 1988 amending Regulation (EEC) No 1418/76 on the common organization of the market in rice
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic 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),
Having regard to the opinion of the Economic and Social Committee (3),
Whereas the intervention mechanism was adjusted from the 1987/88 marketing year, in particular as concerns the conditions for opening buying in by intervention agencies during the period when the latter is possible; whereas experience has shown that the  new mechanism entails a highly cumbersome administrative management without affording any real advantages; whereas the previous system should accordingly be re-established;
Whereas, on buying in, the coefficient of 94 % must apply to the intervention price applicable at the beginning of the marketing year; whereas it must not affect the monthly increases,