CELEX: 31972R2321
Language: en
Date: 1972-10-31 00:00:00
Title: Regulation (EEC) No 2321/72 of the Council of 31 October 1972 fixing the monthly increases in the market target price, the intervention price and the threshold price for olive oil for the 1972/73 marketing year

22                             Official Journal of the European Communities
No L 249/2                   ' Official Journal of the European Communities                        4.11.72
                       REGULATION (EEC) No 2321/72 OF THE COUNCIL
                                             of 31 October 1972
            fixing the monthly increases in the market target price, the intervention price
                  and the threshold price for olive oil for the 1972/73 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNI­                     on the basis of the cost of storing oil in the
TIES ,                                                   appropriate premises and of the handling
                                                         required for preserving the oil in good condition;
Having regard to the Treaty establishing the             whereas the interest charges can be calculated
European Economic Community;                             on the average price of olive oil in production
                                                         areas ;
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, as last amended by              HAS ADOPTED THIS REGULATION :
Regulation (EEC) No 1547/722 and in particular
Article 9 thereof;
Having regard to the proposal from the                                        Article 1
Commission;
                                                         For the 1972/73 marketing year the amount of
Whereas under Article 9 of Regulation No                 the monthly increases referred to in Article 9 of
136/66/EEC the market target price, the inter­           Regulation No 136/66/EEC and applicable
vention price and the threshold price for olive          with effect from 1 January 1973 shall be fixed
oil must be increased each month for a period            at 0-67 units of account per 100 kilogrammes.
of ten months beginning on 1 January 1973 ;
whereas these increases must be the same for all
three prices ;                                                                Article 2
Whereas in fixing these increases, the same for
each month, account being taken of average               This Regulation shall enter into force on the
storage costs and interest charges in the Com­           third day following its publication in the
munity, the storage costs should be established           Official Journal of the European Communities.
            This Regulation shall be binding in its entirety and directly applicable in all
            Member States .
            Done at Luxembourg, 31 October 1972.
                                                                          For the Council
                                                                           The President
                                                                           P. LARDINOIS
i  OJ No 172, 30.9.1966, p. 3025/66.
2  OJ No L 165, 21.7.1972, p. 1 .