No L 194/8 Official Journal of the European Communities 29.7. 94 COMMISSION REGULATION (EC) No 1898/94 of 27 July 1994 fixing for the 1994/95 marketing year the minimum price to be paid to producers for peaches and the amount of production aid for peaches in syrup ‘and/or natural fruit juice THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, ‘ Having regard to Council Re;ulation (EEC) No 426/86 of 24 February 1986 on the common organization of the market in products processed from fruit and vegetables ('), as last amended by Commission Regulation (EC) No 549/94 (3, and in particular Articles 4 (4) and 5 (5) thereof, Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the value of the unit of account and the conversion rates to b applied for the purposes of the common agricultural pclicy (), as last amended by Regulation (EC) No 3528/93 (*), and in particular Article 3 (3) thereof, Whereas Council Regulation (EEC) No 1206/90 (%),. as amended by Regulation (EEC) No 2202/90 (), lays down general rules for the systtm of production aid for processed fruit and vegetablus ; Whereas, pursuant to Article -} (1) of Regulation (EEC) No 426/86, the minimum price to be paid to producers is to be determined on the basis o}, firstly, the minimum price applying during the previous marketing year, secondly, the movement of basic price; in the fruit and vegetables sector, and thirdly, the need to ensure the normal marketing of fresh products for the various uses, including supply of the processing incustry; Whereas Article 5 of Regulation (EEC) No 426/86 lays down the criteria for fixing the amount of production aid ; whereas account must, i1 particular, be taken of the aid fixed for the previous ma keting year adjusted to take account of changes in the minimum price to be paid to producers and the difference between the cost of the raw material in the Community :nd in the major competing third countries ; Whereas Article 4 of Regtlation (EEC) No 1206/90 provides for the establishment of a system of monetary () OJ No L 49, 27. 2. 1986, p 1. () OJ No L 69, 12. 3. 1994, p . () OJ No L 387, 31. 12. 1992, p. 1. () OJ No L 320, 22. 12. 1993, p. 32. () OJ No L 119, 11. 5. 1990, ». 74. () OJ No L 201, 31. 7. 1990, . 4. adjustment with the aim of correcting production aid by the impact, on the minimum price minus the aid, of the differences between the agricultural conversion rate and the average of the market exchange rates during a period to be determined ; whereas, in view of the current market situation and in order to ensure normal competition with third countries, such a system of adjustment should be implemented by applying a coefficient to the aid; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Products Processed from Fruit and Vegetables, HAS ADOPTED THIS REGULATION : Article 1 For the 1994/95 marketing year: (a) the minimum price referred to in Article 4 of Regula- tion (EEC) No 426/86 to be paid to producers for peaches ; and (b) the production aid referred to in Article 5 of the same Regulation for peaches in syrup and/or natural fruit juice, shall be as set out in Annex I Article 2 1. A coefficient equal to the impact on the cost price of the difference between the average market exchange rate and the agricultural conversion rate applicable at the beginning of the marketing year shall be applied to production aid. 2. For the application of paragraph 1: — ‘cost price’ means the minimum price payable to the producer less the aid, — ‘average market exchange rate’ means the average of the rates of the ecu published in the Official Journal of the European Communities, C series, during the first quarter of the year during which the marketing year in question starts, multiplied by the correction factor referred to in Article 1 (c) of Regulation (EEC) No 3813/92.