CELEX: 31977R1068
Language: en
Date: 1977-05-17 00:00:00
Title: Council Regulation (EEC) No 1068/77 of 17 May 1977 fixing the monthly increases in the market target price, the intervention price and the threshold price for olive oil for the 1977/78 marketing year

No L 129/4                          Official Journal of the European Communities                              25 . 5 . 77
                                   COUNCIL REGULATION ( EEC) No 1068/77
                                                    of 17 May 1977
               fixing the monthly increases in the market target price, the intervention price
                       and the threshold price for olive oil for the 1977 /78 marketing year
THE COUNCIL OF THE EUROPEAN                                    the average storage costs should be established on the
COMMUNITIES,                                                  basis of the cost of storing oil in the appropriate prem­
                                                               ises and of the handling required for preserving the
Having regard to the Treaty establishing the European          oil in good condition ; whereas the interest charges
Economic Community,                                            can be calculated with reference to the average price
Having regard to Council Regulation No 136/66/EEC              of olive oil valid in production areas,
of 22 September 1966 on the establishment of a
common organization of the market in oils and                  HAS ADOPTED THIS REGULATION :
fats ('), as last amended by Regulation (EEC) No
1 707/73 (2), and in particular Article 9 thereof,                                     Article 1
Having regard to the proposal from the Commission,
                                                               For the 1977/78 marketing year, the amount of the
Whereas, under Article 9 of Regulation No 136/                 monthly increases referred to in Article 9 of Regula­
66/EEC, the market target price, the intervention              tion No 136/ 66/ EEC and applicable with effect from
price and the threshold price for olive oil must be             1 January 1978 shall be 1-12 units of account per 100
increased each month for a period of 10 months                 kilograms.
beginning on 1 January 1978 ; whereas these increases
must be the same for all three prices ;                                                Article 2
Whereas, in fixing these increases the same for each           This Regulation shall enter into force on the day
of the 10 months, account being taken of average               following its publication in the Official Journal of
storage costs and interest charges in the Community,            the European Communities.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 17 May 1977.
                                                                           For the Council
                                                                             The President
                                                                              J. SILKIN
 (!) OJ No 172, 30. 9. 1966, p. 3025/66.
 (2) OJ No L 175, 29 . 6. 1973, p. 5.