THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 104/2000 of 17 December 1999 on the common organisation of the markets in fishery and aquaculture products, and in particular Article 25(1) and (6) thereof,
Whereas:
(1)
A Union selling price is to be fixed for each of the products listed in Annex II to Regulation (EC) No 104/2000 before the beginning of the fishing year, at a level at least equal to 70 % and not exceeding 90 % of the guide price.
(2)
Council Regulation (EU) No 1258/2010 fixes the guide prices for the 2011 fishing year for all the products concerned.
(3)
Market prices vary considerably depending on the species and how the products are presented, particularly in the case of squid and hake.
(4)
Conversion factors should therefore be fixed for the different species and presentations of frozen products landed in the Union in order to determine the price level that trigger the intervention measure provided for in Article 25(2) of Regulation (EC) No 104/2000.
(5)
In order not to hinder the operation of the intervention system in the year 2011, this Regulation should apply retroactively from 1 January 2011.
(6)
The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fishery Products,
HAS ADOPTED THIS REGULATION: