CELEX: 51975PC0525
Language: en
Date: 1975-10-21
Title: PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL fixing for the marketing year 1975/76 the monthly increases in the market target price, the intervention price and the threshold price for olive oil (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (75) 525
Vol. 1975/0198
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 ---pagebreak---               COMMISSION OF THE EUROPEAN COMMUNITIES
                       ;\               *
                                                                 .          . \
                                                          COM(75)525 final.
                                                          Brussels , 21 October 1975
                                                                                       \
                                          PROPOSAL FOR A
                                 REGULATION ( EEC ) OF THE COUNCIL
                     fixing for the marketing year 1975/76 the monthly increases
                     in the market target price , the intervention price and the
                                  threshold price for olive oil
                          ( submitted to the Council "by the Commission)
0M( 75 ) 525 final .
                                                                                     /
 ---pagebreak---                            EXPLANATORY MEMORANDUM
1 . Article 9     Council Regulation No 136/66/ESC lays down that the market
    target price , the intervention price and the threshold price of olive oil
    shall "be increased each month , for a period of ten months beginning 1 January ,
    by an amount which shall "be the same for all three prices .
2* For the 1974/1975 marketing year the Council has decided to maintain the
    monthly increase at the level applicable for the preceding marketing year ,
    i.e. 0§75 u.a./lOO kg*
3 . For the 1975/1976 marketing year , despite the increase of the common prices
    of olive oil and having taken into account the advisability of not discouraging
    the recovery in consumption , the Commission considers that it is possible to
    insure the staggering of sales throughout the marketing year by raising the
    monthly increase by a limited percentage comparable with that taken for other
    products®
    It is therefore proposed to raise the monthly increase for olive oil to 1*00
    u.a./lOO kg, which represents an increase of 33 fo compared with the present
                                                    I
    figure .
 ---pagebreak---                             PROPOSAL FOR A
                    REGULATION ( EEC ) OF THE COUNCIL
 fixing for the marketing year 1975/76 the monthly increases in the market
 target price , the intervention price and the threshold price for olive oil
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Economic Community ;
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 1707/73^\ and in particular Article
9 thereof }
Having regard to the proposal from the Commission }
Whereas under Article 9 of Regulation No 136/66/EEC the market target price ,
the intervention price and the threshold price for olive oil must be increased
each month over a period of ten months beginning on 1 January 1976 } wheres
the increase must be the same for all three prices ;
Whereas the amount of the increase , which must be the same for each of the
ten months , must be fixed by reference to average storage costs and interest
charges in the Community } whereas storage costs should be established on the
basis of the cost of storing oil in the appropriate premises and of the
handling required for preserving the oil in good condition } whereas interest
charges can be calculated by reference to the average price of olive oil in
the production areas ,
HAS ADOPTED THIS REGULATION:
1 ) OJ No 172 , 30.o9.1966 , p. 3025/66
2) OJ No L 175 , 29.06.i973 , p. 5
 ---pagebreak---                                 Article 1
For the marketing year 1975/76 the amount of the monthly increases as
referred to in Article 9 of Regulation No 136/66/EEG applicable with
effect from 1 January 1976 shall "be J^LtOO^ unit of account per 100 kilo­
grammes .
                                Article 2
This Regulation shall fenter into force on 1 November 1975 *
This Regulation shall be binding in its entirety and directly applicable in
all Member States *
                                   Done at Brussels . 21 October 1975
                                   For the Council