31972R0797

Official Journal of the European Communities 309

21.4.72 Official Journal of the European Communities No L 94/9

REGULATION (EEC) No 797/72 OF THE COUNCIL

of 17 April 1972 •

fixing cereal prices for the 1972/73 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES, uses made of those cereals and the improvement of the profitability of agriculture; Having regard to the Treaty establishing ( the European Economic Community, and in particular Whereas over recent years target prices and Article 43 thereof; intervention prices and the guaranteed minimum price have generally been adjusted, but not to a Having regard to Council Regulation No sufficient extent; whereas the prices in question 120/67/EEC1 of 13 June 1967 on the common should therefore be increased to compensate as far as organization of the market in cereals, as last amended possible for the shortfall; by Regulation (EEC) No 796/722 and in particular Articles 2 (4) and 4 (3 ) thereof; HAS ADOPTED THIS REGULATION : Having regard to the proposal from the Commission; Sole Article Having regard to the Opinion of the European Parliament; For the 1972/73 marketing year the target prices and basic intervention prices for cereals and the Whereas, when cereal prices are fixed, account guaranteed minimum price for durum wheat shall be should be taken of the objectives of the common as follows : agricultural policy and of the contribution which the Units oj account Community intends to make to the harmonious ( a) Target price: per 1000 kg development of world trade ; whereas the objectives Common wheat 113-80 of the common agricultural policy are in particular to Rye 105-45 ensure a fair standard of living for the agricultural Barley 104-25 community, to ensure that supplies are available and Maize 101-75 that they reach consumers at reasonable prices ; Durum wheat 132-60 Whereas cereals play a major part in the agricultural (b ) Basic intervention price: economy of the Community and cereal prices affect Common wheat 104-75 the prices for many agricultural products and therefore the income of farmers ; Barley 95-70 Rye 97-45 Whereas target prices for the main cereals must be fixed at a rate which takes into account production (c) Guaranteed minimum levels, the proposed orientation of production, the price for durum wheat 153-80

This Regulation shall be binding in its entirety and directly applicable in all Member States . Done at Brussels, 17 April 1972.

For the Council The President

J. P. BUCHLER

1 OJ No 117, 19.6.1967, p. 2269/67. 2 OJ No L 94, 21.4.1972, p. 7.