No L 129/10 Official Journal -of the European Communities 11. 5. 89 COUNCIL REGULATION (EEC) No 1248/89 of 3 May 1989 . fixing the basic and intervention prices for sheepmeat for the 1990 marketing year THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, -and in particular Article- 43 thereof, . Having regard to Council Regulation (EEC) No 1837/80 of 27 June 1980 on the common organization of the market in sheepmeat and goatmeat (1), as last amended by Regulation (EEC)No0 1115/88 (2), and in particular Articles 3 (1) and 7 . (6) thereof, . . Having regard to the proposal from the Commission (3), Having - regard  to the opinion of the European. Parliament (4), Having regard to the opinion of the Economic and Social Committee (*), Whereas, when the basic price for sheep carcases is fixed, account should be taken both of the objectives of the common agricultural policy and of the contribution -the Community wishes to make to the harmonious development - of world trade; whereas the main objectives of the common agricultural policy are to ensure a fair standard of living for the -agricultural community, to assure the availibility of supplies and to ensure that supplies reach consumers at reasonable prices; Whereas the basic price must be fixed in accordance with the criteria laid down in-Article 3 (2) of Regulation (EEC) No 1837/80; whereas it should be fixed for the 1990 marketing year at a level equal to that fixed for the preceding year; whereas the intervention prices correspond to a percentage of the basic price, HAS ADOPTED THIS REGULATION: Article 1 For the 1990 marketing year in the sheepmeat sector: - 1. the basic price is hereby fixed at ECU 432,32 per 100 kilograms carcase weight; 2. the intervention price is hereby fixed at ECU 367,47 per 100 kilograms carcase weight; 3. the derived intervention price appiicable in region 4 is hereby fixed at ECU 347,66 per 100 kilograms carcase weight. Article 2 The prices referred to in Article 1 shall be seasonally adjusted in accordance with the table set out in the Annex. . Article 3 This Regulation: shall enter into force on the third .day following that of its publication in the Official Journal of the European Communities. It shall apply from the-beginning of the 1990 marketing year. : This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 3 May 1989. (1 O] No L 183, 16. 7. 1980, p. 1. (3) OJ No L 110, 29. 4.1988, p. 36. (3) O] No C 82, 3. 4. 1989, p. 44. (4) O] No'C 120,16. 5. 1989. (5) Opinion delivered on 31 March 1989 (not yet published in the Official Journal). For-the Council The President P. SOLBES