Commission Regulation (EU) No 446/2010 of 21 May 2010 opening the sale of butter by a tendering procedure
Commission Regulation (EU) No 446/2010of 21 May 2010opening the sale of butter by a tendering procedureTHE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union,Having regard to Council Regulation (EC) No 1234/2007 of 22 October 2007 establishing a common organisation of agricultural markets and on specific provisions for certain agricultural products (Single CMO Regulation)OJ L 299, 16.11.2007, p. 1., and in particular Article 43(f) and (j), in conjunction of Article 4 thereof,Whereas:(1)Given the current situation on the butter market in terms of demand and prices and the level of intervention stocks it is appropriate to open the sale of butter from intervention by a tendering procedure in accordance with Commission Regulation (EU) No 1272/2009 of 11 December 2009 laying down common detailed rules for the implementation of Council Regulation (EC) No 1234/2007 as regards buying-in and selling of agricultural products under public interventionOJ L 349, 29.12.2009, p. 1..(2)In order to better manage the sales from intervention, a date shall be fixed before which the intervention butter should have entered into storage to be available for sale.(3)Article 40(4)(b) of Regulation (EU) No 1272/2009 provides that it is necessary to lay down the time limits for the submission of tenders.(4)According to Article 45 of Regulation (EU) No 1272/2009 the time limit to notify all admissible tenders by the intervention agencies to the Commission should be set.(5)In view of increased volatility of market prices, it is appropriate to increase the amount of the tendering security, by derogation from Article 44(b) of Regulation (EU) No 1272/2009.(6)The Management Committee for the Common Organisation of Agricultural Markets has not delivered an opinion within the time limit set by its Chair,HAS ADOPTED THIS REGULATION: