L1738 Official Journal of the European Communities 27.6.2001 COMMISSION REGULATION (EC) No 1246/2001 of 26 June 2001 establishing a forecast balance for the supply to the Azores and Madeira of cereal products covered by the specific measures provided for in Articles 2 to 10 of Council Regulation (EEC) No 1600/92 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1600/92 of 15 June 1992 concerning specific measures for the Azores and Madeira, with regard to certain agricultural products ('), as last amended by Regulation (EC) No 2826/2000 (3, and in partic- ular Article 10 thereof, Whereas: (1)  The quantities of products eligible for the specific supply arrangements are determined by means of periodic fore- cast balances which may be revised according to the essential requirements of the market taking into account local production and traditional trade flows. (2)  In accordance with Article 2 of Regulation (EEC) No 1600/92 these arrangements include requirements for direct human consumption, and for processing and packaging in the Islands of products listed in the Annex to the aforementioned Regulation. An assessment of these requirements is made annually in the context of a forecast supply balance which can be revised in the course of the year in the light of developments in the requirements of the Islands. The assessment of the requirements of the processing and packaging industries, as regards products intended for the local market or traditionally dispatched to the rest of the Community, may result in the establishment of a separate forecast supply balance. (3)  Pending the entry into force of the reform of the specific supply arrangements and in order to avoid any break in the application of the specific supply arrangements in force, the supply balance should be established for the period 1 July to 31 December 2001. (4)  The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals, HAS ADOPTED THIS REGULATION: Article 1 For the purpose of Article 2 of Regulation (EEC) No 1600/92 the quantities in the forecast supply balance which shall benefit, as appropriate, from exemption from import charges in the case of products coming from third countries, or from payment of Community aid in the case of products coming from the Community market, are as indicated in the Annex. Article 2 This Regulation shall enter into force on the day of its publica- tion in the Official Journal of the European Communities. It shall apply with effect from 1 July 2001. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 26 June 2001. () O] L 173, 27.6.1992, p. 1. () O] L 328, 23.12.2000, p. 2. For the Commission Franz FISCHLER Member of the Commission