31977R1159

2. 6 . 77 Official Journal of the European Communities No L 136/ 15

COUNCIL REGULATION ( EEC) No 1159/77 of 17 May 1977 fixing rice prices for the 1977/78 marketing year

THE COUNCIL OF THE EUROPEAN Whereas the target price for husked rice should be COMMUNITIES, derived from the intervention price for paddy rice, in accordance with the criteria set out in Article 4(3) of Having regard to the Treaty establishing the European Regulation (EEC) No 1418 /76 ; Economic Community, and in particular Article 43 thereof, Whereas, in respect of the products referred to in this Regulation, the application of the criteria for the Having regard to Council Regulation (EEC) No fixing of the different prices, and the application of 1418/76 of 21 June 1976 on the common organiza­ the measures provided for in respect of the exchange tion of the market in rice ( !), as amended by Regula­ rates to be applied in agriculture, entail the fixing of tion (EEC) No 11 58/77 (2), and in particular Article those prices at the levels shown in Article 1 , 3 (3) thereof,

Having regard to the proposal from the Commission, HAS ADOPTED THIS REGULATION : Having regard to the opinion of the European Parlia­ ment (3), Article 1

Whereas the markets and prices policy, based on For the 1977/78 marketing year, the rice prices shall modernized farms, is the main instrument of the be as follows : incomes policy in agriculture ; whereas full advantage cannot be drawn from such a policy unless it is inte­ (a) intervention price : grated into the common agricultural policy as a 171-55 units of account per tonne for paddy rice ; whole, including a dynamic social and structural (b) target price : policy and the application of the rules on competition 295-71 units of account per tonne for husked rice. contained in the Treaty ;

Whereas the intervention price for paddy rice must be Article 2 fixed at a rate which takes account of the guidance to be given to rice production, of its use and of the This Regulation shall enter into force on 1 September improvement of farm incomes ; 1977 .

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

i ( i ) OJ No L 166, 25 . 6. 1976, p. 1 . ! (2) See page 13 of this Official Journal , i (3 ) OJ No C 93 , 18 . 4. 1977, p. 1 1 .