CELEX: 31985R1503
Language: en
Date: 1985-05-23 00:00:00
Title: Council Regulation (EEC) No 1503/85 of 23 May 1985 fixing the monthly increases in the representative market price, the intervention price and the threshold price for olive oil for the 1985/86 marketing year

10 . 6 . 85                                       Official Journal of the European Communities                              No L 151 / 29
                                                 COUNCIL REGULATION (EEC) No 1503 / 85
                                                                 of 23 May 1985
                    fixing the monthly increases in the representative market price, the intervention price and the
                                        threshold price for olive oil for the 1985 / 86 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                                    charges can be calculated with reference to the average price
                                                                             of olive oil valid in production areas;
Having regard to the Treaty establishing the European
Economic Community ,                                                         Whereas , to ensure orderly marketing of the production , in
                                                                             view of the prospects for production and consumption , it is
                                                                             sufficient to provide for seven increases for olive oil ,
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 ( 1 ), as last                   HAS ADOPTED THIS REGULATION :
amended by Regulation ( EEC ) No 231 / 85 ( 2), and in
particular Article 10 thereof,
                                                                                                        Article 1
Having regard to the proposal from the Commission ( 3 ),
                                                                             For the 1985 / 86 marketing year , the amount of the
Whereas , under Article 10 of Regulation No 136 / 66 / EEC,                  monthly increases referred to in Article 10 of Regulation
the representative market price , the intervention price and                 No 136 / 66 / EEC and applicable for seven months with
the threshold price for olive oil must be increased each month               effect from 1 January 1986 shall be 1,79 ECU per
for a period of at least five months beginning on 1 January                  100 kilograms .
1986 , whereas these increases 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 costs and                    This Regulation shall enter into force On the third day
interest charges in the Community , the average storage costs                following its publication in the Official Journal of the
should be established on the basis of the cost of storing oil in             European Communities.
the appropriate premises and of the handling required for
preserving the oil in good condition ; whereas the interest                  It shall apply from 1 November 1985 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels , 23 May 1985 .
                                                                                              For the Council
                                                                                               The President
                                                                                               C. SIGNORILE
(') OJ No 172 , 30 . 9 . 1 966 , p . 3025 / 66 .
( 2 ) OJ No L 26 , 31 . 1 . 1985 , p. 12 .
( 3 ) OJ No C 67 , 14 . 3 . 1985 , p. 15 .