COUNCIL REGULATION (EEC) N° 1180/90
of 7 May  1990
fixing the target price for milk and the intervention prices for butter, skimmed-milk powder  and Grana Padano and Parmigiano Reggiano cheeses for the 1990/91 milk year
THE  COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Spain and Portugal, and in particular Article 89 (1)  thereof,
Having regard to Council Regulation (EEC) N° 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) N° 3879/89 (2), and  in particular Articles 3 (4) and 5 (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 prices 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) N° 804/68;
Whereas, under Article 5b of Regulation (EEC) N° 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 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 1990/91 milk year, the target price for milk and the  intervention prices for milk products shall be as follows:
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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 1990/91 milk year.
This Regulation shall be binding in its entirety and directly applicable in all  Member States.