No L 378/8~ Official Journal of the European Communities 27.12. 89 COUNCIL REGULATION (EEC) No 3883/89 of 11 December 1989 fixing the intervention price for butter and skimmed-milk powder as from 1 March 1990 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 the Act of Accession of Spain and Portugal, “and in particular Article 89 (1) thereof, Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products (1), as last amended by Regulation (EEC) No 3879/89 (2), and in particular - Article 12:(2) thereof, Having regard to the proposal from the Commission (3), Having regard to the opinion of the European - Parliament (*), Having regard to the opinion of the Economic and Social Committee (*), : Whereas Regulation (EEC) No 1112/89 (¢) fixed the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana Padano and Parmigiano Reggiano cheeses for the 1989/90 milk year; Whereas Council Regulation (EEC) No 3881/89 of 11 December 1989 establishing, for the period running from 1 April 1989 to:31 March 1990, the Community reserve for the application of the levy referred to in Article Sc of Regulation (EEC) No 804/68 in the milk and milk products sector (7), increas-the reserve provided for by Regulation (EEC) No 766/89 (8) for redistribution for the benefit of the producers during the abovementioned period; whereas, for the purposes of avoiding any worsening of the market situation and a rapid reconstitution of stocks, it appears appropriate to decide, at this stage already, on a lowering of the intervention price for butter and skimmed-milk powder, to apply-from 1 March 1990, HAS ADOPTED THIS REGULATION: Article 1 As from 1 March 1990, the intervention prices for butter and skimmed-milk powder shall be fixed as follows: (ECU per 100 kg} Co;ngn;zzity Spain Intervention price: Butter . . 293,28 314,74 Skimmed-milk powder 172,73 218,81 Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 March 1990. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 11 December 1989. (1) O] No L 148, 28. 6. 1968, p. 13. (2) See page 1 of this Official Journal. (*) O] No C 265, 12. 10. 1988, p. 6. (*} Opinion delivered on 24 November 1989 {not yet published in the Official Journal). (%) Opinion delivered on 18 October 1989 (not yet published in the Official Journal). (¢) OJ No L 118, 29. 4. 1989, p. 3. () See page 5 of this Official Journal. For the Council - The President H. NALLET (%) OJ No L 84, 29. 3. 1989, p. 6.