L 170/30 Official Journal of the European Union 1.7.2005 COMMISSION REGULATION (EC) No 1008/2005 of 30 June 2005 amending Regulation (EC) No 2771/1999 laying down detailed rules for the application of Council Regulation (EC) No 1255/1999 as regards intervention on the market in butter and cream THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1255/1999 of 17 May 1999 on the common organisation of the market in milk and milk products (!), and in particular Article 10 thereof, Whereas: (1)  Commission Regulation (EC) No 2771/1999 (3 provides for an intervention system for the buying-in of butter at fixed prices. (2)  Atticle 4(1) of Regulation (EC) No 1255/1999 provides for reductions of the intervention prices of butter. It is therefore necessary to specify the intervention price to be used for the calculation of the buying-in price when the intervention price changes. (3)  Regulation (EC) No 2771/1999 should therefore be amended accordingly. (4)  The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products, HAS ADOPTED THIS REGULATION: Article 1 In Article 2(1) of Regulation (EC) No 2771/1999 the following subparagraph is added: ‘The intervention price to be used for the calculation of the buying-in price shall be that in force on the day of manu- facture of the butter’ Atrticle 2 This Regulation shall enter into force on the day following its publication in the Official Journal of the European Union. It shall apply as of 1 July 2005. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 30 June 2005. () O] L 160, 26.6.1999, p. 48. Regulation last amended by Commission Regulation (EC) No 186/2004 (O] L 29, 3.2.2004, p. 6). () OJ L 333, 24.12.1999, p. 11. Regulation last amended by Regu- lation (EC) No 2250/2004 (O] L 381, 28.12.2004, p. 25). For the Commission Mariann FISCHER BOEL Member of the Commission