No L 103/10 Official Journal of the European Communities 16. 4. 84 COUNCIL REGULATION (EEC) No 987/84 of 31 March 1984 amending Regulation (EEC) No 2601/69 laying down special measures to encourage the processing of certain varieties of oranges THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof, Having regard to the proposal from the Commission (1), Having regard to the opinion of the European Parliament (2), ' Whereas Regulation (EEC) No 2601/69 (3), as last amended by Regulation (EEC) No 1154/78 (*), provides for a system of financial compensation in respect of certain varieties of oranges which are processed under contracts designed to ensure, at a minimum purchase price to the producer, a regular supply to the processing industry; Whereas the financial compensation for oranges is currently fixed at a level such that the difference between the minimum price paid by the processing industry and the financial compensation does not change from one marketing year to the next by a percentage greater than the change in the said minimum price; whereas the result has been to establish, progressively, an unwarranted commercial benefit accruing to the processing industry; Whereas Regulation (EEC) No 2601/69 should be amended to ensure that the processing industry bears a larger share of the cost of the raw material concerned, HAS ADOPTED THIS REGULATION: Article 1 The second subparagraph of Article 3 (1) of Regulation (EEC) No 2601/69 is hereby replaced by the following: : ‘The financial compensation shall be so fixed that the difference between the minimum price and the financial compensation does not vary, in relation to that for the previous marketing year, by an amount greater than the amount resulting from the increase in the minimum price; the increase in the difference shall, however, not be less than 50 % of the increase in the minimum price.’ Article 2 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. It shall apply from the 1984/85 marketing year onwards. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 31 March 1984, (*) OJ No C 301, 8. 11. 1983, p. 3. (2) Opinion delivered on 15 March 1984 (not yet published in the Official Journal). (3) OJ No L 324, 27.12. 1969, p. 21. (*) O] No L 144, 31. 5. 1978, p. §. For the Council The President M. ROCARD