CELEX: 51975PC0101
Language: en
Date: 1975-03-11
Title: Proposal for a REGULATION OF THE COUNCIL fixing the marKet target price and the intervention price for olive oil for the 1975/76 marketing year (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (75) 101
Vol. 1975/0038
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In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
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 ---pagebreak--- COMMISSION QF THE EUS.OEBAN COMMUNITIES
                                                           COM(75)101 final
                                                           Brussels , 11 March 1975
                                    Proposai for a
                              REGULATION OP THE COUNCIL
                       fixing the marKet target price and the
                        intervention price for olive oil for
                            the 1975/ 76 marketing year
                   ( submitted to the Council "by the Commission)
  COM(75 ) 101 final
 ---pagebreak---                               EKPLAIIATORY IffiîORiilîDUM
1 « In its meeting of 10/11 February 1975 » "the Council made the following decisions :
    for olive oil for the 1975/1976 marketing year :
    – the fixing of the production target price at 185 UA/lOO kg;
    - the maintenance of the production subsidy at a level corresponding to the
      aftount , in Italian lire , obtained by the producer of that state for the
      1974/1975 marketing year .
    An the subsidy granted to Italien producers during the 1974/1775 marketing
    year was 30,025 lire (42,17 UA x 712 lire ), the subsidy for the 1975/1976
    marketing year at the nex rate of 1 UA = 857 lire shall amount to 35*04 UA/lOO kg,
2 , Owing the fact that the difference between the production and market target
    prices , which represents the subsidy , has already been fixed by the Council
    the above decision consequently entails the fixing of a market target price
    at the level shown in this proposal ,
3 , Since the reasons which led to the firdlng , for the 1974/1975 marketing year ,
    of a difference of 7»25 UA/lOO kg between the market targetprice and the
    intervention price still exist , it is proposed to maintain the same diffe­
    rence for the 1975/1976 marketing year .
 ---pagebreak---                                    Proposai for a
                             REGULATION OP THE COUÎTCIL
fixing -the market target price and the intervention price for olive oil for the
1975/76 .  marketing year *
THE COUNCIL QE1 THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community , and
in particular Article 43 thereof ;
Having regard to Council Regulation No 136/66/EEC^of 22 September 1966 on
the establishment of a common organization of the market in oils and fats , as
last amended by Regulation (EEC) No 1707fl3 ^\ and in particular the first
paragraph of Article 4 thereof ;
Having regard to the proposal from the Commission;
Having regard to the Opinion of the European Parliament ;
Whereas the market target price and the intervention price must be fixed accor­
ding to the criteria laid down in Articles 4 * 6 and 7 °f Regulation No I36/66/EBC
for a specific standard quality ;
Whereas the reasons which have led to the determination of the standard ^cjality
for the preceding marketing year continue to prevail ; whereas it it therefore
appropriate to maintain this quality unchanged ;
Whereas applying these criteria it follows that the market target price and the
intervention price should be fixed at a level higher than that adopted for the
preoeding marketing year,
                          *
EAS ÂDOPTED THIS REGULATION s
(1 ) OJ No 172 , 30.9.1966 r p. 3025/66
(2) OJ No L 175 » 29,6.1973 , P. 5
 ---pagebreak---                                      - 2 -
                                  Article 1
The prices for olive oil for the 19?5/ 76 oarkstingyear shall be as follows' i
(a) market target price :
     149*96 units of account per 100 kilogrammes ;
(b ) intervention price :
     142«71 units of acoount per 100 kilogrammes .
                                  Article 2
The prices referred to in Article 1 relate to virgin semi-fine olive oil with
a free fatty acid content expressed, as oleic acid of 3 grammes per 100 grammes .
This Regulation shall "be binding in its entirety and directly applicable in all
Member States .
                                                       .               \
Dom at Brüssels ,                                        For the Council