30.7.1999 Official Journal of the European Communities L1991 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 1671/1999 of 19 July 1999 fixing the monthly increases in the intervention price for cereals for the 1999/2000 marketing year THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 176692 of 30 June 1992 on the common organisation of the market in cereals ("), and in particular Article 3(4) thereof, Having regard to the proposal from the Commission (%), Having regard to the opinion of the European Parliament (%), Having regard to the opinion of the Economic and Social Committee (%), Whereas: (1)  when the amounts and the number 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; 20 under the reform of the common agricultural policy, provision was made for the fixing of a single interven- tion price for all cereals; this price has been fixed at a substantially reduced level applied in stages; this fact should be taken into account in the fixing of the size of the monthly increases; (3)  the intervention price for maize and sorghum applicable in July, August and September is to be the price valid in May of the previous marketing year, in accordance with Article 3(3) of Regulation (EEC) No 1766/92, () OJ L 181, 1.7.1992, p. 21. Regulation as last amended by Regula- tion (EC) No 923/96 (O] L 126, 24.5.1996, p. 37). (3 O] C 59, 1.3.1999, p. 1. () O] C 219, 30.7.1999. () O] C 169, 16.6.1999. HAS ADOPTED THIS REGULATION: Article 1 Without prejudice to the last subparagraph of Article 3(3) of Regulation (EEC) No 1766/92, for the 1999/2000 marketing year, the monthly increases to be applied to the intervention price applicable for the first month of the marketing year, shall be as follows: (in EUR per tonne) Monthly increase in the intervention price July 1999 — August 1999 — September 1999 — October 1999 — November 1999 1,0 December 1999 2,0 January 2000 3,0 February 2000 4,0 March 2000 5,0 April 2000 6,0 May 2000 7,0 June 2000 7,0 Article 2 This Regulation shall enter into force on the day of its publica- tion in the Official Journal of the European Communities. It shall apply with effect from the 1999/2000 marketing year.