CELEX: 31996R2324
Language: en
Date: 1996-12-04 00:00:00
Title: COMMISSION REGULATION (EC) No 2324/96 of 4 December 1996 on the sale of olive oil residues held by the Spanish intervention agency

No L 316/ 10         I EN                 Official Journal of the European Communities                                  5 . 12. 96
                                        COMMISSION REGULATION (EC) No 2324/96
                                                       of 4 December 1996
                      on the sale of olive oil residues held by the Spanish intervention agency
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         the product in question, it is not advisable to use the sale
                                                                    by tender procedure previously applied for the olive oil;
Having regard to the Treaty establishing the European               whereas the Spanish intervention agency should therefore
Community,                                                          sell the product for the best price it can obtain;
                                                                    Whereas the measures provided for in this Regulation are
Having regard to Council Regulation No 136/66/EEC of                in accordance with the opinion of the Management
22 September 1966 on the establishment of a common                  Committee for Oils and Fats,
organization of the market in oils and fats ('), as last
amended by Regulation (EC) No 1581 /96 (2), and in parti­
cular Article 12 (2) thereof,
                                                                    HAS ADOPTED THIS REGULATION :
Whereas Article 2 of Council Regulation (EEC) No
2754/78 (3), as last amended by Regulation (EEC) No                                           Article 1
2203/90 (4), provides that olive oil held by the interven­
tion agencies shall be put up for sale by tender except             1.    The Spanish intervention agency 'Fondo Espanol de
when particular conditions necessitate recourse to other            Garantia Agraria', hereinafter referred to as ' FEGA', shall
procedures;                                                         sell for the best price it can obtain, 3 437 kg of the vat
                                                                    bottom residues which it is holding as a result of the olive
Whereas Article 1 ( 1 ) of Commission Regulation (EEC)              oil it bought in up to 31 October 1996.
No 2960/77 (f), as last amended by Regulation (EEC) No              2.    The notice of sale shall be displayed by FEGA at its
3818 / 85 (6), provides that intervention agencies may not          head office at calle Beneficencia, No 8 , 28004 Madrid,
sell the olive oil which they hold until a Regulation to            Spain, at least 10 days before the date set for the sale .
that effect has been adopted under the procedure
provided for in Article 38 of Regulation No 136/66/EEC;             3 . Sale of the product referred to in paragraph 1 shall
                                                                    be effected before 31 January 1997. Delivery of the
Whereas, following sales by tender of olive oil by the              product sold must take place before 28 February 1997.
Spanish intervention agency, the intervention agency still
                                                                    4.    FEGA shall inform the Commission as soon as
holds in stock a quantity of vat bottom residues; whereas
these residues contain a considerable percentage of oil;            possible of the outcome of the sale .
whereas correct management of the olive oil bought in by
the intervention agency requires that these residues                                          Article 2
should therefore be put up for sale;
                                                                    This Regulation shall enter into force on the day of its
Whereas, for commercial reasons based chiefly on the fact           publication in the Official Journal of the European
that there is no well-defined market or price system for             Communities.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels , 4 December 1996 .
                                                                              For the Commission
                                                                                 Franz FISCHLER
                                                                          Member of the Commission
(') OJ No 172, 30 . 9. 1966, p. 3025/66.
(2) OJ No L 206, 16. 8 . 1996, p. 11 .
(3) OJ No L 331 , 28 . 11 . 1978, p. 13 .
(*) OT No L 201 . 31 . 7 . 1990 , p. 5 .
(5) OJ No L 348, 30. 12. 1977, p. 46.
 6 OJ No L 368 , 31 . 12. 1985, p. 20 .