Commission Regulation (EC) No 667/2003 of 11 April 2003 amending Regulation (EC) No 716/96 adopting exceptional support measures for the beef market in the United Kingdom

Commission Regulation (EC) No 667/2003
of 11 April 2003
amending Regulation (EC) No 716/96 adopting exceptional support measures for the beef market in the United Kingdom
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 1254/1999 of 17 May 1999 on the common organisation of the market in beef and veal(1), as last amended by Commission Regulation (EC) No 2345/2001(2), and in particular Article 39 thereof,
Whereas:
(1) Article 2(1) and (3) of Commission Regulation (EC) No 716/96(3), as last amended by Regulation (EC) No 1176/2000(4), lays down, respectively, the price to be paid per kilogram of animals going into the scheme provided by that Regulation, and the rate per animal at which the Community shall co-finance the purchases of the animals.
(2) In order to establish the current estimated value of the relevant animals, account should be taken of the evolution in market prices in the United Kingdom since 1997, date of the last amendment of prices and rates. However, in that period no price quotations were registered for cows in that Member State and it is therefore appropriate instead to take account of the price evolution for such animals in neighbouring markets.
(3) Consequently, the purchase price for cows should be reduced by 20 %, and the purchase price for other animals over 30 months, by 8 %. The rate of Community co-financing should be reduced accordingly.
(4) Regulation (EC) No 716/96 should be amended accordingly.
(5) The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Beef and Veal,