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( 1 ) OJ NO 172 , 30 . 9 . 1966 , P . 3025/66 .

REGULATION NO 114/67/EEC OF THE COUNCIL OF 6 JUNE 1967 FIXING TARGET AND BASIC INTERVENTION PRICES FOR OIL SEEDS FOR THE 1967/68 MARKETING YEAR

THE COUNCIL OF THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ;

HAVING REGARD TO COUNCIL REGULATION NO 136/66/EEC ( 1 ) OF 22 SEPTEMBER 1966 ON THE ESTABLISHMENT OF A COMMON ORGANISATION OF THE MARKET IN OILS AND FATS , AND IN PARTICULAR ARTICLE 22 ( 1 ) THEREOF ;

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ;

WHEREAS ARTICLE 22 OF REGULATION NO 136/66/EEC PROVIDES THAT A SINGLE TARGET PRICE FOR THE COMMUNITY AND A BASIC INTERVENTION PRICE SHOULD BE FIXED FOR EACH SPECIES OF OIL SEED ;

WHEREAS THE TARGET PRICE MUST BE FIXED AT A LEVEL WHICH IS FAIR TO PRODUCERS , ACCOUNT BEING TAKEN OF THE NEED TO KEEP COMMUNITY PRODUCTION AT THE REQUIRED LEVEL ; WHEREAS THIS OBJECTIVE CAN BE ATTAINED BY FIXING THIS PRICE AT A LEVEL DETERMINED ON THE BASIS OF THE INCOME OBTAINED BY PRODUCERS BEFORE THE COMMON ORGANISATION OF THE MARKET IN OILS AND FATS BEGAN TO APPLY , AND OF THE NEED TO MAINTAIN A BALANCED RELATIONSHIP BETWEEN PRICES FOR THE MAIN AGRICULTURAL PRODUCTS ;

WHEREAS THE DIFFERENCE BETWEEN THE TARGET PRICE AND THE BASIC INTERVENTION PRICE MUST BE SUCH AS TO ALLOW MARKET PRICES , ACCOUNT BEING TAKEN OF ANY SUBSIDY GRANTED PURSUANT TO ARTICLE 27 OF REGULATION NO 136/66/EEC , TO ADJUST TO NORMAL FLUCTUATIONS DUE TO THE TREND OF ECONOMIC ACTIVITY , WITHOUT JEOPARDISING THE STABILITY OF CONSUMER PRICES ;

WHEREAS , SO THAT SEEDS FROM THE MAIN PRODUCTION AREAS OF THE COMMUNITY CAN MEET COMPETITION FROM IMPORTED SEEDS IN THE MAIN DEFICIT AREAS , THE BASIC INTERVENTION PRICE SHOULD BE DETERMINED FOR RAVENNA , AN INTERVENTION CENTRE SITUATED IN AN AREA WITHIN THE COMMUNITY WHICH HAS A SERIOUS DEFICIT ;

WHEREAS PRICES FOR OIL SEEDS SHOULD BE FIXED FOR SPECIFIED STANDARD QUALITIES ; WHEREAS WHEN STANDARD QUALITIES ARE BEING DETERMINED , ACCOUNT SHOULD BE TAKEN OF THE AVERAGE QUALITY OF SEEDS HARVESTED WITHIN THE COMMUNITY ;

WHEREAS , WHEN THE DATES ON WHICH THE MARKETING YEAR IS TO BEGIN AND END ARE BEING DETERMINED , THE DATES ON WHICH HARVESTING OF COLZA AND RAPE SEED , AND OF SUNFLOWER SEED , BEGINS IN THE MAIN PRODUCTION AREAS OF THE COMMUNITY SHOULD BE TAKEN INTO ACCOUNT ;

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE MARKETING YEAR FOR COLZA AND RAPE SEED SHALL BEGIN ON 1 JULY AND END ON 30 JUNE .

THE MARKETING YEAR FOR SUNFLOWER SEED SHALL BEGIN ON 1 OCTOBER AND END ON 30 SEPTEMBER .

ARTICLE 2

FOR THE 1967/68 MARKETING YEAR , THE TARGET PRICES FOR COLZA , RAPE AND SUNFLOWER SEEDS ARE HEREBY FIXED AT 20.25 UNITS OF ACCOUNT PER 100 KILOGRAMMES AT THE WHOLESALE MARKETING STAGE , EXCLUSIVE OF TAXES .

ARTICLE 3

FOR THE 1967/68 MARKETING YEAR , THE BASIC INTERVENTION PRICES FOR COLZA , RAPE AND SUNFLOWER SEEDS ARE HEREBY FIXED AT 19.65 UNITS OF ACCOUNT PER 100 KILOGRAMMES AT THE WHOLESALE MARKETING STAGE , EXCLUSIVE OF TAXES .

THE BASIC INTERVENTION PRICES SHALL BE VALID FOR RAVENNA .

ARTICLE 4

THE PRICES REFERRED TO IN ARTICLES 2 AND 3 SHALL RELATE TO SEEDS OF SOUND AND FAIR MARKETABLE QUALITY , IN BULK , WITH :

( A ) 2 % IMPURITIES IN THE CASE OF COLZA AND RAPE SEED AND , FOR THE SEEDS AS SUCH , 10 % MOISTURE AND 42 % OIL ;

( B ) 2 % IMPURITIES IN THE CASE OF SUNFLOWER SEED AND , FOR THE SEEDS AS SUCH , 10 % MOISTURE AND 40 % OIL .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 6 JUNE 1967 .

FOR THE COUNCIL

THE PRESIDENT

R . VAN ELSLANDE