31971R1056

276 Official Journal of the European Communities

No L 115 / 12 Official Journal of the European Communities 27.5.71

REGULATION (EEC) No 1056/71 OF THE COUNCIL of 25 May 1971

amending Regulation No 359/67/EEC on the common organisation of the market in rice

THE COUNCIL OF THE EUROPEAN COMMUNITIES, movement of rice within the Community in accordance with the requirements of the market ;

Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof: HAS ADOPTED THIS REGULATION :

Having regard to the proposal from the Commission ; Article 1

Having regard to the Opinion of the European The following shall be substituted for the first and Parliament1 ; second subparagraphs of Article 4 (3 ) of Regulation ■ No 359/67/ EEC : Whereas in accordance with Article 4 (3 ) of Council 'Intervention prices shall be fixed for Aries and Regulation No 359/67/EEC2 of 27 July 1967 on the Vercelli as follows : common organisation of the market in rice, as last amended by Regulation ( EEC ) No 2434/70,3 — by calculating the derived target price for intervention prices for paddy rice at Aries and Aries and Vercelli, respectively; Vercelli are derived from the target price for husked — by converting that price into a price for paddy rice at Duisburg, in the light of the costs of transport rice on the basis of the conversion rates, between these centres, by converting the price for processing costs and the value of the by­ husked rice into a price for paddy rice and by products . reducing the result thus obtained by 4% ; The calculation mentioned above shall be made Whereas experience has shown that the development in such a way that the differences between the of the market and the adjustment of prices have been intervention prices as also between them and the impeded by the existence of a narrow fixed margin, target price correspond to the price disparities to so that it has been difficult to adapt supply to be expected in the case of a normal harvest on the demand ; whereas the fixed margin for fixing basis of natural conditions of price formation on intervention prices for paddy rice in the Aries and the market and allow the free movement of rice Vercelli production zones should therefore not be within the Community in accordance with the maintained but these prices should be fixed in such a requirements of the market.' way that the differences between them and the theoretical target prices for paddy rice in the same zones reflect the disparities which, given a normal Article 2 harvest, arise under natural conditions of price formation on the market and allow the free This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities . 1 OJ No C 30, 31.3.1971 , p . 5 . 2 OJ No 174, 31.7.1967, p : 1 . 3 OJ No L 262, 3.12.1970, p. 1 . It shall apply from 1 September 1971 .

Official Journal of the European Communities Ill

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 25 May 1971 .

For the Council

The President

M. COINTAT