13.11.2003 Official Journal of the European Union L 295/47 COMMISSION REGULATION (EC) No 1987/2003 of 12 November 2003 amending Regulation (EC) No 98/2003 as regards the forecast supply balance for the Azores for cereals and oilseeds, the forecast supply balance for Madeira for vegetable oils, sugar and meats and the forecast supply balance for the Canary Islands for cereals, oilseeds, hops, livestock feed, milk and milk products and meats THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1453/2001 of 28 June 2001 introducing specific measures for certain agricultural products for the Azores and Madeira and repealing Regulation (EEC) No 1600/92 (Poseima) (*), and in particular Article 3(6) thereof, Having regard to Council Regulation (EC) No 1454/2001 of 28 June 2001 introducing specific measures for certain agricultural products for the Canary Islands and repealing Regulation (EEC) No 1601/92 (Poseican) (%), and in particular Article 3(6) thereof, Whereas: (1)  Commission Regulation (EC) No 98/2003 of 20 January 2003 establishing the supply balances and Community aid for the supply of certain essential products for human consumption, for processing and as agricultural inputs and for the supply of live animals and eggs to the outermost regions under Council Regulations (EC) No 1452/2001, (EC) No 1453/2001 and (EC) No 1454/2001 (*), estab- lishes a forecast supply balance and Community aid for the products covered by the specific supply arrangements for the Azores, Madeira and the Canary Islands. (2)  Current execution of the annual supply balance for the Azores, Madeira and the Canary Islands in cereals, vegetable oils, sugar, fresh or chilled beef, pigmeat, livestock feed, hops, poultrymeat and butter indicates that the quantities fixed for the supply of the abovementioned products are below requirements. On the other hand, the consumption of oilseed products, frozen beef, olive oil, milk and cream (whether concentrated or with added sugar) as well as milk preparations, is below the forecasts. (3)  The quantities of the above products should therefore be adjusted in line with the actual needs of the outermost regions concerned and, in the case of the supply of cereals, oilseeds and livestock feeds, the quotas should be aggregated with a view to their more flexible use. (4)  Regulation (EC) No 98/2003 should be amended accordingly. (5)  The measures provided for in this Regulation are in accordance with the opinions of the Manage- ment Committees concerned, OJ L 198, 21.7.2001, p. 26. Regulation as amended by Regulation (EC) No 1782/2003 (O] L 270, 21.10.2003, p. 1). () OJL 198, 21.7.2001, p. 45. Regulation as amended by Regulation (EC) No 1782/2003. OJ L 14, 21.1.2003, p. 32. (Regulation as last amended by Regulation (EC) No 1756/2003 (OJ L 252, 4.10.2003, p. 7).