11. 5. 89 Official Journal of the European Communities No L 128/7 COUNCIL REGULATION (EEC) No 1218/89 of 3 May 1989 fixing the monthly price increases for cereals, wheat and rye flour and wheat groats and meal for the 1989/90 marketing year THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals (1), as last amended by Regulation (EEC) No 1213/89 (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, account should be taken of the storage costs and financing charges for storing cereals in the Community; whereas experience has shown that the level of the monthly increases for cereals can encourage operators to hold on to cereals; whereas, so that stocks can be disposed of more smoothly, these increases should be reduced somewhat; 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 (ECC) No 2727/75, HAS ADOPTED THIS REGULATION: Article 1 For the 1989/90 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) No 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: . (ECU/tonne) Monfhly increases in respect of the Monthly increases in respect of the target and intervention price and the buying-in price threshold prices Period Common wheat, rye, Common wheat, rye, barley, maize and Durum wheat barley, maize and Durum wheat sorghum ’ sorghum July 1989 — — _— — August 1989 — — 1,31 1,78 September 1989 — — 2,62 * 3,56 October 1989 - —_ — 3,93 5,34 November 1989 1,31 1,78 5,24 7,12 December 1989 2,62 3,56 6,55 8,90 January 1990 3,93 5,34 7,86 10,68 February 1990 5,24 7,12 9,17 12,46 March 1990 6,55 8,90 10,48 14,24 April 1990 7,86 10,68 11,79 16,02 May 1990 9,17 12,46 13,10 17,80 June 1990 — — 13,10 17,80 (*) OJ No L 281, 1. 11. 1975, p. 1. (2) See page 1 of this Official Journal. (*) OJ No C 82, 3. 4. 1989, p. 6.