24.6.1999 Official Journal of the European Communities L 157/35 COMMISSION REGULATION (EC) No 1326/1999 of 23 June 1999 establishing a forecast balance for the supply to the Canary Islands of cereal products covered by the specific measures provided for in Aticles 2, 3, 4 and 5 of Council Regulation (EEC) No 1601/92 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1601/92 of 15 June 1992 concerning specific measures for the Canary Islands with regard to certain agricultural prod- ucts (), as last amended by Regulation (EC) No 2348/ 96 (%, and in particular Articles 2 and 3(4) thereof, (1)  Whereas the measures, introduced by Regulation (EEC) No 1601/92 intended to offset as regards the supply of certain cereal products, the geographical situation of the Canary Islands, consist of exemp- tion from import duties (customs duties and agri- cultural levies), and the grant of aid to encourage the delivery of cereal products from the Community; (2)  Whereas in accordance with Article 2 of Regulation (EEC) No 1601/92 these arrangements include requirements for direct human consumption, and for processing and packaging in the Islands of products listed in the Annex to the aforementioned Regulation; whereas an assessment of these require- ments is made annually in the context of a forecast supply balance which can be revised in the course of the year in the light of developments in the requirements of the Islands; whereas the assess- ment of the requirements of the processing and packaging industries, as regards products intended for the local market or traditionally dispatched to the rest of the Community, may result in the estab- lishment of a separate forecast supply balance; (3) Whereas, in order to facilitate administration of the supply balance, a certain margin of Ifexibility in the allocation of the quantities fixed in the supply balance should be permitted; (4 Whereas a forecast supply balance for the products concerned should be established covering the entire 12-month period 1 July 1999 to 30 June 20005 (5  Whereas the measures provided for in this Regula- tion are in accordance with the opinion of the Management Committee for Cereals, HAS ADOPTED THIS REGULATION: Article 1 For the purpose of Articles 2 and 3 of Regulation (EEC) No 1601/92 the quantities in the forecast supply balance which shall benefit, as appropriate, from exemption from import charges in the case of products coming from third countries, or from payment of Community aid in the case of products coming from the Community market, are as indicated in the Annex. Article 2 This Regulation shall enter into force on 1 July 1999. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 23 June 1999. () OJ L 173, 27.6.1992, p. 13. OJ L 320, 11.12.1996, p. 1. For the Commission Franz FISCHLER Member of the Commission