Agricultural prices 2000/2001: pigmeat, common organisation of the markets CMO (amend. Regulation (EEC) n° 2759/75)

PURPOSE: to amend Council Regulation 2759/75/EEC on the common organisation of the market in pigmeat. COMMUNITY MEASURE: Council Regulation 1365/2000/EC amending Regulation 2759/75/EEC on the common organisation of the market in pigmeat. CONTENT: The Council formally accepted the Regulation on the common organisation of the market in pigmeat. For the pigmeant sector, prices are fixed for an indeterminate period, following the CAP reforms since 1992. In line with the multiannual approach, the basic approach and the standard quality are fixed in the basic Regulation 75/2759/EC. The basic price shall remain at the present level of EUR 1509, 39/tonne. It should be remembered that the specific role of the basic price relates to intervention measure, i.e. the possible granting of private storage aid. Such measures can be introduced when the average Community market price is less than 103% of the basic price. �