COUNCIL REGULATION (EEC) No 1337/86 of 6 May 1986  fixing the target price for milk and the intervention prices for butter, skimmed - milk powder and  Grana Padano and Parmigiano Reggiano cheeses for the 1986/87 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 1335/86  (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 should be 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 of Spain and Portugal 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,
For the  1986/87 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 1986/87 milk year.
This Regulation shall be binding in its  entirety and directly applicable in all Member States.