CELEX: 31977R1070
Language: en
Date: 1977-05-17 00:00:00
Title: Council Regulation (EEC) No 1070/77 of 17 May 1977 fixing for the 1977/78 marketing year the monthly increases in the target and intervention prices for oil seeds

No L 129 / 6                         Official Journal of the European Communities                             25 . 5 . 77
                                 COUNCIL REGULATION (EEC) No 107;0/77
                                                     of 17 May 1977
               fixing for the 1977/78 marketing year the monthly increases in the target and
                                            intervention prices for oil seeds
THE COUNCIL OF THE EUROPEAN                                    Whereas, taking into account the aforesaid require­
COMMUNITIES,                                                    ments, the monthly increases for the 1977/78
                                                                marketing year should be fixed at the same level as
Having regard to the Treaty establishing the European           that for the preceding marketing year ;
Economic Community,
                                                               Whereas the experience gained during the 1976/77
Having regard to Council Regulation No 136/66/ EEC              marketing year and harvest forecasts do not justify
of 22 September 1966 on the establishment of a                  determining for the 1977/78 marketing year a number
common organization of the market in oils and                   of monthly increases different frcim that laid down for
fats ('), as last amended by Regulation (EEC) No                the preceding marketing year,
1 707/73 (2), and in particular Article 25 thereof,
Having regard to the proposal from the Commission,              HAS ADOPTED THIS REGULATION :
Whereas, in accordance with Article 25 of Regulation
No 136/66/ EEC, the amount by which the target and                                     Article 1
intervention prices for colza, rape seed and sunflower
seed are increased monthly from the beginning of the            1.    For the 1977/78 marketing year, the amount of
third month of the marketing year should be fixed for           the monthly increases applicable to colza and rape
the 1977/78 marketing year, and the number of                   seed shall be 0-304 unit of account per 100 kilograms.
months during which such increases are to be applied            2.    These increases shall apply for seven months.
should be determined ; whereas such amount must be
the same for both prices ;                                                             Article 2
Whereas such increases must be the same for each
month and be fixed by reference to average storage               1 . For the 1977/78 marketing year, the amount of
and interest charges recorded in the Community ;                the monthly increases applicable to sunflower seed
                                                                shall be 0-355 unit of account per 100 kilograms.
whereas average storage charges should be determined
on the basis of the cost of storing the seed in suitable        2.    These increases shall apply for five months.
premises , and of the handling charges necessary to
keep the seed in good condition ; whereas interest                                     Article 3
charges may be calculated on the basis of the rate
considered as normal for the production areas ;                 This Regulation shall enter into force on 1 July 1977.
               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 .