OfficialJournaloftheEuropeanCommunities 253
29.10.66. OFFICIALJOURNALOFTHEEUROPEANCOMMUNITIES 3399/66
REGULATION No165/66/EECOFTHECOUNCIL
of27October1966
onpricemeasurestobeappliedtooliveoilforthe1966/67marketingyear
sameasinthepast;whereas,however,allowance
shouldbemadeforthefactthattheincreasein
incomesandthegeneralfallinoilpricesinItaly,
whichconsumesapproximately 95%ofCommunity
oliveoil,meansthatconsumptionofliquidoilsand
fatsislikelytoincreaseinthatState;whereas,finally,
theincreaseinoliveoilpricesthroughoutthe
marketingyearbyreasonofthemonthlyincreases
mustalsobetakenintoaccount;
Whereasthedifferencebetweenthemarkettarget
priceandtheinterventionpricemustbesuchasto
allowmarketpricestoadjusttonormalfluctuations
duetothetrendofeconomicactivitywithout
jeopardising thestabilityofconsumerprices;
whereas,moreover,certaintransportcostsshouldbe
takenintoaccountsothatoilfromthemain
productionareasoftheCommunitycanmeet
competitionfromimportedoliveoilinthemain
deficitareas;
Whereas,withaviewtoensuringabalancedimport
systemduringthefirstmarketingyear,thethreshold
priceshouldbefixedataslightlyhigherlevelthan
thatwhichwouldresultfromtheapplicationof
Article8ofRegulationNo136/66/EEC;
Whereasmostimportsofoliveoilenterthe
CommunitythroughtheMediterranean portsonthe
coastofnorthernItaly;whereasImperiais
particularlyrepresentative oftheseportssincealarge
industryusingimportedoliveoilissituatedthere;
whereasthisportshouldthereforebechosenasthe
Communityfrontiercrossingpoint;THECOUNCIL OFTHEEUROPEAN ECONOMIC
COMMUNITY ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity ;
HavingregardtoCouncilRegulationNo
136/66/EEC1ontheestablishment ofacommon
organisationofthemarketinoilsandfats,andin
particularArticles4,13(2)and36thereof;
HavingregardtotheproposalfromtheCommission ;
WhereasArticle4ofRegulationNo136/66/EEC
requirestheCounciltodecideonthepricemeasures
applicabletooliveoilforthe1966/67marketing
year;
Whereastheproductiontargetpricemustbefixedat
alevelwhichisfairtoproducers,accountbeing
takenoftheneedtokeepCommunityproductionat
therequiredlevel;whereasthisobjectivecanbe
attainedbyfixingthispriceataleveldeterminedon
thebasisoftheincomeobtainedbyproducersbefore
thecommonorganisationofthemarketinoilsand
fatsbegantoapply,andoftheneedtomaintaina
balancedrelationshipbetweenpricesforthemain
agriculturalproducts;
Whereasthemarkettargetpricemustbefixedata
levelwhichwouldallowproductiontobedisposed
ofinthenormalway;whereasitthereforeappears
desirable,inrespectofthe1966/67marketingyearat
least,tofixthispriceatalevelwhichwillensurethat
consumption iskeptatitspresentlevel;whereas,
consequently ,themarkettargetpricemustbeso
fixedthatthecompetitiverelationshipbetweenolive
oilandoilobtainedfromseedsremainsmuchtheHASADOPTEDTHISREGULATION :
Article1
ThepricesforoliveoilreferredtoinArticle4of
RegulationNo136/66/EECshallbeasfollowsfor
the1966/67marketingyear: 1OJNo172,30.9.1966,p.3025/66.

254 OfficialJournaloftheEuropeanCommunities
productiontargetprice:115u.a.per100kilo­acidcontentexpressedasoleicacidof3grammesper
100grammes ^ grammes ;
—markettargetprice:80u.a.periOOkilo­
grammes; .Article3
—interventionprice:73u.a.per100kilo­
grammes;TheCommunityfrontiercrossingpointreferredtoin
Article13(2)ofRegulationNo136/66/EECshallbe
Imperia. -—thresholdprice:79-8u.a.per100kilo­
grammes . ,
Article2Article4
ThisRegulationshallenterintoforceonthethird
dayfollowingits"publicationintheOfficialJournal
oftheEuropeanCommunities .ThepxicesreferredtoinArticle1ofthisRegulation
relatetosemi-finevirginoliveoilwitha.freefatty
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States. '
DoneatBrussels,°27October1966.
FortheCouncil
ThePresident
L.DEBLOCK