1. 6. 90 Official Journal of the European Communities No L 140/109 COMMISSION REGULATION (EEC) No 1492/90 of 31 May 1990 reducing the basic price and buying-in price for peaches, nectarines and lemons for the 1990/91 marketing year following the monetary realignment of § January 1990 and the overrun of the intervention threshold THE COMMISSION .OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Act of Accession of Spain-and Portugal, - Having regard to Council Regulation (EEC) No 1035/72 of 18 May 1972.on the common organization of the market in fruit and -vegetables (*), as- last amended. by Regulation (EEC) No 1193/90 (3, and in particular Article 16b (4) thereof, Having regard to Council Regulation (EEC) No 1677/85 of 11 July 1985 on monetary compensatory amounts in agriculture (%), as last amended by Regulation (EEC) No 1889/87 (*), and in particular Article 6 (3) thereof, Whereas Commission Regulation (EEC) No 784/90. of 29 March 1990 fixing the reducing coefficient for agricultural prices in the 1990/91 marketing year-as a-result of the monetary realignment of 5§ January 1990 and amending the prices and amounts fixed in ecus for that marketing year (%) establishes the list of prices and amounts to which the coefficient 1,001712-is applied within the framework - of the arrangements on the automatic dismantlement of . . negative monetary gaps ; whereas Article 3 of Regulation (EEC) No 784/90 provides that the resulting reduction-for the prices-and -amounts fixed in ecus by the Council for the 1990/91 marketing year be specified and that the value of those reduced- prices and amounts be fixed; whereas the basic price and buying-in price for peaches; nectarines and lemons for the 1990/91 marketing year were fixed by Council Regulation (EEC) No 1194/90 (%) ; Whereas Commission Regulation (EEC) No 1370/89 () fixed the intervention thresholds for the 1989/90 market- ing year at 376 600 tonnes for peaches, 45 800 tonnes for nectarines-and 158 300 tonnes for lemons; - Whereas Article 3 of Regulation (EEC) No 1122/89 of 27 April 1989 laying down specific measures for the applica- - tion of certain intervention thresholds in the fruit and () OJ No L 118, 20. 5. 1972, p. 1. () OJ No L 119, 11. 5. 1990, p. 43. () OJ No L 164, 24. 6. 1985, p. 6. () O] No L 182, 3. 7. 1987, p. 1. () OJ No L 83, 30. 3. 1990, p. 102. (9 O] No L 119, 11. 5. 1990, p. 46. () OJ No L 137, 20. 5. 1989, p. 19. vegetables sector for the 1989/90 marketing year (%) lays down that where, during the 1989/90 marketing year, the sum of the quantities of peaches, nectarines or lemons bought in Spain, on the one hand, and in the Community of Ten on the other, pursuant to Articles 15, 15a, 15b, 19 and ‘19a of Regulation (EEC) No 1035/72 exceeds the sum of the intervention thresholds fixed for each product for all or part of that marketing year, the basic and buying-in - prices fixed for that product for the 1990/91 marketing year are to be reduced in the case of peaches, nectarines and lemons by 1 % for every 22700 tonnes, 2900 tonnes and 11 000 tonnes respectively by which the intervention threshold is exceeded ; Whereas, pursuant to Article 2 (2) of Regulation (EEC) No 1370/89, the overrun in the intervention threshold fixed for lemons for the 1989/90 marketing year is to be assessed on the basis of quantities bought in between 1 March 1989 and 28 February 1990 ; Whereas, on the basis of information supplied by the Member States, the intervention measures taken by .the Community - with the exception of Portugal for the 1989/90 marketing year related to 515141 tonnes for peaches, 82 473 tonnes for nectarines and 195 564 tonnes for lemons ; whereas the Commission therefore noted an overrun in the intervention thresholds fixed for that marketing year of 138 541 tonnes for peachies, 37 264 tonnes-for nectarines and 37 925 tonnes for lemons; Whereas consequently, the basic and buying-in prices for peaches, nectarines and lemons for the 1990/91 market- ing year, as fixed by Regulation (EEC) No 1194/90, must be reduced for peaches by 6 %, for nectarines by 12 % and for lemons by 3 % ; whereas these reductions must be added to those resulting from the monetary realign- ment of 5 January 1990; Whereas during the first phase Portugal-is authorized to maintain, in the fruit and vegetable sectors, the regula- tions in-force under the former national arrangements for. the organization of its agricultural internal market, subject to the conditions provided for in Articles. 262 to 265 of the Act of Accession ; whereas, therefore, the prices and the amounts fixed by this Regulation are valid only in the Community with the exception of Portugal ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fruit and Vegetables, () OJ No L 118, 29. 4. 1989, p. 23.