No L 199/14 Official Journal of the European Communities 26.7. 88 COUNCIL REGULATION (EEC) No 2265/88 of 19 July 1988 fixing the basic and intervention prices for sheepmeat for the 1989 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 1837/80 of 27 June 1980 on the common organization of the market in sheepmeat and goatmeat ('), as last amended by Regulation (EEC) No 1115/88 (2), and in particular Articles 3 (1) and 7 (6) thereof, Having regard to the proposal from the Commission (3), Having regard to the opinion of the European Parliament (4), Having regard to the opinion of the Economic and Social Committee (°), Whereas, when the basic price for sheep carcases is fixed, account should be taken both of the objectives of the common agricultural policy and of the contribution the Community wishes to make to the harmonious development of world trade; whereas the main objectives of the common agricultural policy are to ensure a fair standard of living for the agricultural community, to assure the availibility of supplies and to ensure that supplies reach consumers at reasonable prices; Whereas the basic price must be fixed in accordance with the - criteria laid down in Article 3 (2) of Regulation (EEC) No 1837/80; whereas it should be fixed for the 1989 marketing year at a level equal to that fixed for the preceding year; whereas the intervention prices correspond to a percentage of the basic price, HAS ADOPTED THIS REGULATION: Article 1 For the 1989 marketing year in the sheepmeat sector: 1. the basic price is hereby fixed at 432,32 ECU per 100 kilograms carcase weight; : 2. the intervention price is hereby fixed at 367,47 ECU per 100 kilograms carcase weight; 3. the derived intervention price applicable in region 4 is hereby fixed at 347,66 ECU per 100 kilograms carcase weight. Article 2 The prices referred to in Article 1 shall be seasonally adjusted in accordance with the table set out in the Annex. ; Article 3 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from the beginning of the 1989 marketing year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 19 July 1988. (1) OJ No L 183, 16. 7. 1980, p. 1. (2) OJ No L 110, 29. 4. 1988, p. 36. (3) OJ No C 139, 30. 5. 1988, p. 4. (*) O] No C 167, 27. 6. 1988. (5) O] No C 175, 4. 7. 1988, p. 33. For the Council The President Y. POTTAKIS