COUNCIL REGULATION (EEC) N° 1344/90

of 14 May 1990

fixing the monthly price increases for cereals, wheat and rye flour and wheat groats and meal for the 1990/91 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community,

Having regard to Council Regulation (EEC) N° 2727/75 of 29 October 1975 on the common organization of the market in cereals (1), as last amended by Regulation (EEC) No 1340/90 (2), and in particular Article 6 (2) thereof,

Having regard to the proposal from the Commission (3),

Whereas, when the number and amount of the monthly increases are fixed, and the first month in which they are to apply is determined, account should be taken of the storage costs and financing charges for storing cereals in the Community and of the need to ensure that the disposal of stocks of cereals is in line with market requirements;

Whereas, as regards the threshold prices for maize and sorghum, the monthly increases are, moreover, determined in accordance with the last subparagraph of Article 5 (1) of Regulation (EEC) N° 2727/75,

HAS ADOPTED THIS REGULATION:

Article 1

For the 1990/91 marketing year, the monthly increases to be applied to the target price, threshold price, intervention price and to the buying-in price of the products referred to in Article 1 (a), (b) and (c) of Regulation (EEC) N° 2727/75 shall be as set out in this Regulation.

Article 2

The monthly increases to be applied to the target price, threshold price, intervention price and to the buying-in price for common wheat, rye, barley, maize, sorghum and durum wheat, operative for the first month of the marketing year, shall be as follows:

>TABLE>

In the case of maize and sorghum, the monthly increase for August and September shall not apply to the threshold price.

Article 3

The monthly increases to be applied to the threshold prices for meslin, oats millet, canary seed and buckwheat, applicable for the first month of the marketing year, shall be the same as those applicable to common wheat.

Article 4

The monthly increases to be applied to the threshold price for wheat flour, meslin flour and rye flour and to the threshold price for groats and meal of common and of durum wheat, applicable for the first month of the marketing year, shall be as follows:

>TABLE>

Article 5

This Regulation shall enter into force on the day following its publication in the Official Journal of the European Communities.

It shall apply from the beginning of the 1990/91 marketing year.

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

Done at Brussels, 14 May 1990.

For the Council

The President

D. J. O'MALLEY

(1) OJ N° L 281, 1. 11. 1975, p. 1.

(2) See page 1 of this Official Journal.

(3) OJ N° C 49, 28. 2. 1990, p. 7.