CELEX: 31986R1460
Language: en
Date: 1986-05-13 00:00:00
Title: Council Regulation (EEC) No 1460/86 of 13 May 1986 fixing the monthly increases in the representative market price, the intervention price and the threshold price for olive oil for the 1986/87 marketing year

21.5.86                                     Official Journal of the European Communities                             NoL133 / 17
                                          COUNCIL REGULATION ( EEC) No 1460/86
                                                            of 13 May 1986
                   fixing the monthly increases in the representative market price, the intervention price and
                                   the threshold price for olive oil for the 1986/87 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                               condition ; whereas the interest charges can be calculated
                                                                        with reference to the average price of olive oil valid in
Having regard to the Treaty establishing the European                   production areas ;
Economic Community,
                                                                        Whereas, to ensure orderly marketing of the production,
Having regard to Council Regulation No 136/66/EEC                       in view of the prospects for production and con­
of 22 September 1966 on the establishment of a common                   sumption, it is sufficient to provide for seven increases
organization of the market in oils and fats ('), as last                for olive oil,
amended by Regulation (EEC) No 1454 / 86 (2), and in
particular Article 10 thereof,                                          HAS ADOPTED THIS REGULATION :
Having regard to the proposal from the Commission (3),                                            Article 1
Whereas, under Article 10 of Regulation No 136/66/                      For the 1986/ 87 marketing year, the amount of the
EEC, the representative market price, the intervention                  monthly increases referred to in Article 10 of Regulation
price and the threshold price for olive oil must be in­                 No 136/66/ EEC and applicable for seven months with
creased each month for a period of at least five months                 effect from 1 January 1987 shall be 1,79 ECU per 100
beginning on 1 January 1987 ; whereas these increases                   kilograms.
must be the same for all three prices ;
                                                                                                  Article 2
Whereas, in fixing these increases the same for each of
these months, account being taken of average storage                    This Regulation shall enter into force on the third day
costs and interest charges in the Community, the average                following its publication in the Official Journal of the
storage costs should be established on the basis of the                 European Communities.
cost of storing oil in the appropriate premises and of the
handling required for preserving the oil in good                        It shall apply from 1 November 1986 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 13 May 1986 .
                                                                                              For the Council
                                                                                               The President
                                                                                            W. F. van EEKELEN
 (') OJ No 172 , 30. 9. 1966, p. 3025/66.
 (J) See page 8 of this Official Journal.
 (s) OJ No C 85, 14. 4 . 1986, p. 13 .