Commission Implementing Regulation (EU) 2016/1240 of 18 May 2016 laying down rules for the application of Regulation (EU) No 1308/2013 of the European Parliament and of the Council with regard to public intervention and aid for private storage (Text with EEA relevance) (c. 1240)

TITLE II PUBLIC INTERVENTION

CHAPTER II Buying-in of products into intervention

Section 6 Price adjustments and payments

Article 26 Price adjustments for cereals and rice

1. The price adjustment as provided for in Articles 2(2) and 3(4) of Regulation (EU) No 1370/2013 shall be made in accordance with:

(a) Parts V and VI of Annex I to this Regulation in the case of cereals;

(b) Part II of Annex II to this Regulation in the case of rice.

2. If the paying agency takes over and stores cereals and rice at the storage place in accordance with Article 22(2), a reduction of EUR 5/tonne shall be made to the buying-in price.