31978R0998

18 . 5 . 78 Official Journal of the European Communities No L 130/5

COUNCIL REGULATION (EEC) No 998/78 of 12 May 1978 fixing the target price for milk and the intervention prices for butter, skimmedmilk powder and Grana Padano and Parmigiano Reggiano cheeses for the 1978/79 milk year

THE COUNCIL OF THE EUROPEAN the achievement of the target price for milk ; whereas COMMUNITIES, it is necessary to determine the price levels in the light of both the general state of supply and demand Having regard to the Treaty establishing the European on the Community market in milk and the opportuni­ Economic Community, and in particular Article 43 ties for disposal of butter and skimmed-milk powder thereof, on the Community and world markets ; Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization Whereas the intervention prices for Grana Padano and of the market in milk and milk products (!), as last Parmigiano Reggiano cheeses must be fixed in accor­ dance with the criteria laid down in Article 5 (2) of amended by Regulation (EEC) No 2560/77 (2), and in Regulation (EEC) No 804/68, particular Articles 3 (4) and 5 ( 1 ) 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 Having regard to the opinion of the Economic and Social Committee (4), For the 1978/79 milk year, the target price for milk and the intervention prices for milk products shall be Whereas, when fixing the common agricultural prices, as follows : i account should be taken of the objectives of the (u.a/100 kg) common agricultural policy and of the contribution 17-70 (a) target price for milk which the Community desires to make to the harmon­ ious development of world trade ; whereas the objec­ (b) intervention price : tives of the commdn agricultural policy are in parti­ — butter 235-72 cular to secure an equitable standard of living for the 95.78 — skimmed-milk powder agricultural community and to ensure that supplies — Grana Padano cheese : are available and that they reach consumers at reason­ able prices ; — of an age from 30 to 60 days 231.13 Whereas the target price for milk should bear a — of an age of at least six balanced relationship to the prices for other agricul­ months 280-48 tural products and in particular to that for beef and — Parmigiano Reggiano veal, and be consistent with the proposed orientation cheese of an age of at least of cattle farming ; whereas it is also necessary, in six months 306.03 fixing those prices, to take account of the Commu­ nity's efforts to establish a long-term balance between supply and demand on the market in milk, allowing Article 2 for external trade in milk and milk products ; Whereas the intervention prices for butter and for This Regulation shall enter into force on 22 May 1978 . skimmed-milk powder are designed to contribute to

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

Done at Brussels, 12 May 1978 .

For the Council The President

P. DALSAGER

(!) OJ No L 148, 28 . 6. 1968, p. 13. (2) OJ No L 303, 28 . 11 . 1977, p. 1 . (3) OJ No C 85, 10. 4. 1978, p. 31 . (4) OJ No C 101 , 26. 4. 1978, p. 10.