31977R1152

2. 6 . 77 Official Journal of the European Communities No L 136/3

COUNCIL REGULATION (EEC) No 1152/77 of 17 May 1977 fixing cereal prices for the 1977/78 marketing year

THE COUNCIL OF THE EUROPEAN Whereas, on the other hand, in the case of common COMMUNITIES, wheat of bread-making quality, the reference price for this product should be fixed at a level corresponding to the medium bread-making quality ; whereas, in Having regard to the Treaty establishing the European calculating this price, account should be taken in parti­ Community, and in particular Article 43 thereof, cular of the difference in return between the produc­ tion of this common wheat of medium bread-making Having regard to Council Regulation (EEC) No quality and that of common wheat of non-bread­ 2727/75 of 29 October 1975 on the common organiza­ making quality, which can at present be assessed at tion of the market in cereals ( ! ), as last amended by 15% ; whereas, however, for reasons relating to the Regulation (EEC) No 1 151 /77 (2), and in particular balance between the prices of common wheat and Articles 3 (6) and 4 thereof, feed grain, the reference price for the 1977/78 marketing year should be fixed for a quality corres­ Having regard to the proposal from the Commission, ponding to the minimum requirements for bread­ making ; Having regard to the opinion of the European Parlia­ ment (3 ), 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 of ' Having regard to the opinion of the Economic and Social Committee (4 ), 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 Annex, Whereas the markets and prices policy, based on modernized farms, is the main instrument of the incomes policy in agriculture ; whereas full advantage cannot be drawn from such a policy unless it is inte­ grated into the common agricultural policy as a HAS ADOPTED THIS REGULATION : whole, including a dynamic social and structural policy and the application of the rules on competition contained in the Treaty ;

Article 1 Whereas the intervention prices and target prices for the principal cereals and the reference price for common wheat of bread-making quality must be fixed 1 . By way of derogation from Article 3 ( 1 ) of Regu­ in such a way as to promote a balance between the lation (EEC) No 2727/75, for the 1977/78 marketing different sections of production on the basis of actual year, the single intervention prices for common wheat, market requirements while at the same time ensuring barley and maize may be fixed at a level which is not the improvement of farm incomes ; common .

Whereas, on the one hand, in order to guarantee the fluidity of the Community barley and maize markets, In the above case, the single common intervention it seems advisable to move towards complete align­ price on which the common target price for barley and maize is based shall be the single intervention ment, account being taken of the normal ratio price for barley. between the average relative values of these two cereals for use in animal feed ; whereas, however, to avoid too sharp a rise in the intervention price for 2. By way of derogation from Article 3 (4) of Regu­ maize for 1977/78 , the difference between the single lation (EEC) No 2727/75, for the 1977/78 marketing intervention price for maize and that for barley, year, the reference price for common wheat of bread­ considered as the single common intervention price, making quality shall be calculated by adding to the should only be reduced by half ; single intervention price for common wheat an amount reflecting the difference in return between the (') OJ No L 281 , 1 . 11 . 1975, p. 1 . production of common wheat of bread-making quality (2) See page 1 of this Official Journal (3) OJ No C 93, 18 . 4 . 1977, p . 11 . of the minimum quality and that of common wheat (4 ) OJ No C 77, 30 . 3 . 1977 , p . 15 . of non-bread-making quality.

No L 136/4 Official Journal of the European Communities 2. 6 . 77

Article 2 Article 3 This Regulation shall enter into force on the third day For the 1977/78 marketing year, cereal prices shall be following its publication in the Official Journal of those fixed in the Annex hereto. the European Communities.

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

Done at Brussels, 17 May 1977. For the Council

The President J. SILKIN

2. 6. 77 Official Journal of the European Communities No L 136/ 5

ANNEX

(u.aJl 000 kg) COMMON WHEAT

Single common intervention price : — in Denmark 118-10 — in Ireland i 118-63 — in the United Kingdom 1 1 1 -55 — in the other Member States 120-06 Reference price, bread-making quality : — in Denmark 133-58 — in Ireland 132-07 — in the United Kingdom 125-44 — in the other Member States 135-59 Target price 158-08

RYE Single intervention price 128-96 Target price 155-12

BARLEY Single common intervention price : — in Denmark 118-21 — in Ireland 1 1 6-88 — in the United Kingdom 111-01 — in the other Member States 120-06 Target price 1 44-97

MAIZE Single intervention price 118-03 Target price 1 44-97

DURUM WHEAT Single intervention price 203-01 Target price 224-27

From 1 January 1978, the intervention prices and reference prices applicable in the new Member States shall be those applicable in the other Member States.