COUNCIL REGULATION (EEC) No 1893/87 of 2 July  1987 fixing the target price for milk and the intervention prices for butter, skimmed-milk powder  and Grana Padano and Parmigiano Reggiano cheeses for the 1987/88 milk year
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 Act of Accession of Spain and  Portugal, and in particular Article 89 (1) thereof, Having regard to Council Regulation (EEC) No  804/68 of 27 June 1968 on the common organization of the market in milk and milk products  (1), as  last amended by Regulation (EEC) No 773/87  (2), and in particular Articles 3 (4), 5 (1) and 5b (1)  thereof, Having regard to the proposal from the Commission  (3), Having regard to the opinion of  the European Parliament  (4), Having regard to the opinion of the Economic and Social Committee   (5), Whereas, when fixing the common agricultural prices, account should be taken of the objectives  of the common agricultural policy and of the contribution which the Community wishes to make to the  harmonious development of world trade; whereas the objectives of the common agricultural policy are  in particular to secure a fair standard of living for the agricultural community and to ensure that  supplies are available and that they reach the consumers at reasonable prices; Whereas the target  price for milk should bear a balanced relationship to the prices for other agricultural products  and in particular to the prices for beef and veal, and be   consistent with the desired general  pattern of cattle farming; whereas it is also necessary, in fixing that price, to take account of  the Community's efforts to establish a long-term balance between supply and demand on the milk  market, allowing for external trade in milk and milk products; Whereas the intervention prices for  butter and for skimmed-milk powders are intended to contribute to the achievement of the target  price for milk; whereas it is necessary to determine price levels in the light of the overall  supply and demand situation on the Community market in milk and the opportunities for disposal of  butter and skimmed-milk powder on the Community and world markets; Whereas the intervention prices  for Grana Padano and Parmigiano Reggiano cheeses must be fixed in accordance with the criteria laid  down in Article 5 (2) of Regulation (EEC) No 804/68; Whereas, under Article 5b of Regulation (EEC)  No 804/68, the Council, when fixing the target price for milk and the intervention prices, fixes a  guarantee threshold for milk; whereas, however, the initial objective in fixing a guarantee  threshold is achieved inter alia by means of the system of quotas, together with an additional levy  on deliveries of milk or milk products which exceed the reference quantities determined; Whereas  Article 68 of the Act of Accession has led to prices in Spain being set at a level differing from  that of the common prices; whereas, pursuant to Article 70 (1) of the Act of Accession, the Spanish  prices should be aligned with the common prices at the beginning of each marketing year; whereas  the criteria laid down for alignment lead to the Spanish prices being set at the level mentioned  hereinafter,
For the 1987/88 milk  year, the target price for milk and the intervention prices for milk products shall be as follows:  ECU/100 kg >TABLE>
This Regulation shall enter into force on the day of its  publication in the Official Journal of the European Communities. It shall apply from the beginning  of the 1987/88 milk year.
This Regulation shall be binding in its entirety and  directly applicable in all Member States.