ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(75)525
Vol.1975/0198

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COMMISSION OFTHEEUROPEAN COMMUNITIES
; . .\
\ *
COM(75)525 final .
Brussels ,21October 1975
\
PROPOSAL FOR A
REGULATION (EEC)OFTHECOUNCIL
fixing forthemarketing year 1975/76themonthly increases
inthemarket target price ,theintervention price andthe
threshold price forolive oil
(submitted totheCouncil "bytheCommission )
0M(75)525final .
/

EXPLANATORY MEMORANDUM
1.Article9CouncilRegulationNo136/66/ESClaysdownthatthemarket
targetprice,theintervention priceandthethresholdpriceofoliveoil
shall "beincreasedeachmonth,foraperiodoftenmonthsbeginning1January,
byanamountwhichshall "bethesameforallthreeprices.
2*Forthe1974/1975marketingyeartheCouncilhasdecidedtomaintainthe
monthlyincreaseatthelevelapplicablefortheprecedingmarketingyear,
i.e.0§75u.a./lOOkg*
3.Forthe1975/1976marketingyear,despitetheincreaseofthecommonprices
ofoliveoilandhavingtakenintoaccounttheadvisability ofnotdiscouraging
therecoveryinconsumption ,theCommissionconsidersthatitispossibleto
insurethestaggeringofsalesthroughoutthemarketingyearbyraisingthe
monthlyincreasebyalimitedpercentagecomparablewiththattakenforother
products®
Itisthereforeproposedtoraisethemonthlyincreaseforoliveoilto1*00
u.a./lOOkg,whichrepresentsanincreaseof33focomparedwiththepresent
Ifigure.

PROPOSAL FOR A
REGULATION (EEC)OFTHECOUNCIL
fixing forthemarketing year 1975/76themonthly increases inthemarket
target price ,theintervention price andthethreshold price forolive oil
THECOUNCIL OFTHEEUROPEAN COMMUNITIES ,
Having regard totheTreaty establishing theEuropean Economic Community ;
Having regard toCouncil Regulation No136/66/eEC"^of22September 1966on
theestablishment ofacommon organization ofthemarket inoils andfats ,
aslastamended byRegulation (EEC).No1707/73^\andinparticular Article
9thereof }
Having regard totheproposal from theCommission }
Whereas under Article 9ofRegulation No136/66/EECthemarket target price ,
theintervention price and thethreshold price forolive oilmust beincreased
each month over aperiod oftenmonths beginning on1January 1976 }wheres
theincrease must bethesame forallthree prices ;
Whereas theamount oftheincrease ,which must bethe same foreach ofthe
tenmonths ,must befixed byreference toaverage storage costs andinterest
charges intheCommunity }whereas storage costs should beestablished onthe
basis ofthecost ofstoring oilintheappropriate premises andofthe
handling required forpreserving theoilingood condition }whereas interest
charges canbecalculated byreference totheaverage price ofolive oilin
theproduction areas ,
HAS ADOPTED THIS REGULATION :
1)OJNo 172 ,30.o9.1966 ,p.3025/66
2)OJNoL175 ,29.06.i973 ,p.5

Article 1
Forthemarketing year 1975/76theamount ofthemonthly increases as
referred toinArticle 9ofRegulation No136/66/EEG applicable with
effect from 1January 1976shall "beJ^LtOO^unitofaccount per100kilo­
grammes .
Article 2
This Regulation shall fenter into force on1November 1975 *
This Regulation shall bebinding initsentirety anddirectly applicable in
all Member States *
Done atBrussels .21October 1975
For the Council