31975R0086

No L 11 / 2 16 . 1 . 75 Official Journal of the European Communities

REGULATION ( EEC) No 86/ 75 OF THE COUNCIL of 13 January 1975 amending Regulation (EEC) No 1968 /73 laying down general rules to be applied in the event of the cereals market being disturbed

THE COUNCIL OF THE EUROPEAN ' 1 . Within the meaning of Article 19 of Regula­ COMMUNITIES , tion No 120/ 67/ EEC, quotations or prices on the world market shall be regarded as having reached Having regard to the Treaty establishing the European the level of Community prices when they Economic Community ; approach or exceed the threshold price. Having regard to Council Regulation No 120/ 67/ EECC ) of 13 June 1967 on the common organiza­ 2. The situation referred to in paragraph 1 shall tion of the market in cereals, as last amended by Regu­ be regarded as being likely to continue and deteri­ lation (EEC) No 85/75 (2 ), and in particular Article 19 orate when an imbalance between supply and (2) thereof ; demand is established and where this imbalance is likely to persist, having regard to foreseeable Having regard to the proposal from the Commission ; production and market price trends . Whereas Article 1 of Council Regulation ( EEC) No 1 968/73 (3 ) of 19 July 1973 laying down the general 3 . The Community market shall be regarded as rules to be applied in the event of the cereals market being disturbed or threatened with disturbance, as being disturbed , as last amended by Regulation ( EEC) a result of the situation referred to in paragraphs 1 No 676/74 (4), fixes in particular the criteria to be and 2, where international trade prices are so high taken into account for triggering the measures as to impede the importation of products provided for in the event of the market being mentioned in Article 2 of Regulation No 120/ disturbed ; whereas the amendment of Article 19 of 67/ EEC into the Community, or provoke the Regulation No 120 /67/ EEC introduced by Regulation exportation of such products from the Commu­ ( EEC) No f"? 5/75 necessitates a corresponding change nity, so as to put at risk the stability of the market in the aforementioned Article 1 , or the security of supplies .'

HAS ADOPTED THIS REGULATION : ArticIc 2

Article 1 This Regulation shall enter into force on the third day Article 1 of Regulation ( EEC) No 1968 /73 shall be following its publication in the Official Journal of replaced by the following : the European Communities.

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

Done at Brussels , 13 January 1975 .

For the Council

The President

M. A. CLINTON

(') OJ No 117, 19 . 6 . 1967, p. 2269 /67 . (-') See p. I of this Official Journal . (3 ) OJ No L 201 , 21 . 7 . 1 973 , p. 10 . {*) O) No L 83, 28 . 3 . 1974, p. 3.