xmlns:atom="http://www.w3.org/2005/Atom"

PART IIINTERNAL MARKET

TITLE IMARKET INTERVENTION

CHAPTER IPublic intervention and private storage

Section II Public intervention

Subsection II Opening and suspension of buying-in
Article 15Butter

1.The Commission, without the assistance of the Committee referred to in Article 195(1), shall open public intervention for butter in the Member State or Member States concerned during the period 1 March to 31 August if, over a representative period, market prices for butter in one or more Member States, are less than 92 % of the reference price.

2.Once the market prices of butter in the Member State or Member States concerned, over a representative period, are 92 % or more of the reference price, the Commission, without the assistance of the Committee referred to in Article 195(1), shall suspend buying-in by public intervention.

Moreover, where the quantities offered for intervention during the period laid down in paragraph 1 exceed 30 000 tonnes, the Commission may suspend buying-in by public intervention. In that case, buying-in may be carried out on the basis of a tendering procedure according to specifications to be determined by the Commission.

3.The Commission shall lay down the detailed rules for the establishment of the market prices for butter.