31976R1421

25 . 6 . 76 Official Journal of the European Communities No L 166/ 15

COUNCIL REGULATION (EEC) No 1421/76 of 21 June 1976

fixing cereal and rice prices for the 1976/77 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES , Whereas the intervention prices and target prices for the principal cereals must be fixed in such a way as to promote a balance between the different sections Having regard to the Treaty establishing the of production on the basis of actual market European Economic Community, and in particular requirements, while at the same time ensuring the Article 43 thereof, improvement of farm incomes ;

Having regard to Council Regulation (EEC) No 2727/ 75 of 29 October 1975 on the common organization Whereas, in order to facilitate transition from the of the market in cereals (*), as last amended by arrangements applied during the 1975/76 marketing Regulation (EEC) No 1143/76 (2), and in particular year to those laid down in Article 3 of Regulation Articles 3 (6) and 4 thereof, (EEC) No 2727/75 , the principle of fixing the single intervention prices for common wheat, barley and Having regard to Council Regulation ( EEC) No 1418/ maize at a common level may, under Article 4 of 76 of 21 June 1976 on the common organization of that Regulation, be waived for the 1976/77 marketing the market in rice (8), and in particular Articles 2 (4) year ; and 4 (4 ) thereof,

Having regard to the proposal from the Commission, Whereas, on the one hand, in order to guarantee the fluidity of the Community barley and maize markets, Having regard to the opinion of the European while at the same time avoiding excessive price Parliament (4 ), increases, it seems advisable that, in a first stage, the intervention prices for these products should Whereas the markets and prices policy, based on only be moved towards alignment, pending complete modernized farms, is the main instrument of the alignment, account being taken of the normal ratio between the average relative values of these two incomes policy in agriculture ; whereas full advantage cereals for use in animal feed ; cannot be drawn from such a policy unless it is integrated into the common agricultural policy as a whole, including a dynamic social and structural policy and the application of the rules on competition Whereas, on the other hand, in the case of common contained in the Treaty ; wheat, the intervention price should be fixed, as a transitional measure, at a level corresponding to the minimum breadmaking quality ; whereas, in Whereas the common agricultural prices must be fixed by a method which takes account of objective calculating this price, account should be taken in criteria ; whereas, when those prices are fixed, particular of the difference in return between the account should also be taken of the objectives of the production of this common wheat of minimum common agricultural policy and of the contribution breadmaking quality and that of common wheat of which the Community desires to make to the non-breadmaking quality, which difference can at harmonious development of world trade ; whereas the present be assessed at 13% ; whereas the third objectives of the common agricultural policy are in subparagraph of Article 4 (2) of Regulation (EEC) particular to ensure a fair standard of living for the No 2727/75 provides that in this case no reference agricultural community, to ensure that supplies are price need be fixed ; available and that they reach consumers at reasonable prices ; Whereas, pursuant to Article 4 ( 1 ) of Regulation (EEC) No 2727/75 , if the derogation provided for in that Regulation is invoked, the common target (1) OJ No L 281 , 1 . 11 . 1975 , p. 1 . (2) OJ No L 130, 19. 5 . 1976, p. 1 . price for barley and maize is fixed for the 1976/77 (3) See page 1 of this Official Journal . marketing year using the level of the singfle inter­ ( 4) OJ No C 53 , 8 . 3 . 1976, p. 43 . vention price for barley as the level for the common

No L 166/ 16 Official Journal of the European Communities 25 . 6 . 76

single intervention price ; whereas the third HAS ADOPTED THIS REGULATION : subparagraph of Artide 4 (2) lays down that, in calculating the target price for common wheat, the intervention price for this cereal should be used Article 1 instead of its reference price ;

Whereas the target price for rice must be fixed at For the 1976/77 marketing year, the ciereal and rice a rate which takes account of the levels and intended prices shall be those fixed in the Annexes. trends of production, the use made of the product and the improvement of farm incomes ;

Article 2 Whereas the Aries and VerceMi intervention prices for paddy rice should be derived from the target price for husked rice, in accordance with the criteria 1 . Council Regulation (EEC) No 1151 /76 of set out in Article 4 (3 ) of Regulation (EEC) 17 May 1976 fixing cereal and rice prices for the No 1418 /76 ; 1976/77 marketing year (') is hereby repealed. Whereas application of these criteria entails fixing the same intervention prices for Aries and Vercelli 2. References to the Regulation repealed by at a level higher than that adopted for the preceding paragraph 1 shall be construed as references to this marketing year; Regulation.

Whereas, in respect of the products referred to in this Regulation, the application of the criteria for the fixing of the different prices, and the application Article 3 of the measures provided for in respect of the exchange rates to be applied in agriculture, entail the fixing of those prices at the levels shown in the This Regulation shall enter into force on Annexes, 1 July 1976.

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

Done at Luxembourg, 21 June 1976.

For the Council

The President

J. HAMILIUS

(*) OJ No L 130, 19. 5 . 1976, p. 17.

25 . 6 . 76 Official Journal of the European Communities No L 166/ 17

ANNEX I

CEREALS

units of account per metric ton

COMMON WHEAT Single intervention price for common wheat of minimum bread-making quality : — in Denmark 126.72 — in Ireland 127.88 — in the United Kingdom 112.42 — in the other Member States 131.00 Target price 152.00

RYE Single intervention price 124.00 Target price 149.15

BARLEY Single intervention price : — in Denmark 112.41 — in Ireland 109.86 — in the United Kingdom 98.52 — in the other Member States 116.00 Target price 137.80

MAIZE Single intervention price 112.20 Target price 137.80

DURUM WHEAT Single intervention price 202.00 Target price 218.80

ANNEX II

RICE

units of account per metric ton

(a) Target price for husked rice 284.52 (b) Intervention price for paddy rice ( Aries and Vercelli ) 164.16