CELEX: 31972R2320
Language: en
Date: 1972-10-31 00:00:00
Title: Regulation (EEC) No 2320/72 of the Council of 31 October 1972 fixing the market target price and the intervention price for olive oil for the 1972/73 marketing year

Official Journal of the European Communities                                21
4.11.72                  Official Journal of the European Communities                          No L 249/ 1
                       REGULATION (EEC) No 2320/72 OF THE COUNCIL
                                            of 31 October 1972
            fixing the market target price and the intervention price for olive oil for
                                        the 1972/73 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNI­                    intervention price at a level higher than that
TIES,                                                   adopted for the preceding marketing year;
Having regard to the Treaty establishing the
European Economic Community, and in parti­
cular Article 43 thereof;                               HAS ADOPTED THIS REGULATION :
Having regard to Council Regulation No
136/66/EEC1 of 22 September 1966, on the                                     Article 1
establishment of a common organisation of the
market in oils and fats, as last amended by             The prices for olive oil for the 1972/73 marketing
Regulation (EEC) No 1547/72,2 and in particular         year shall be fixed as follows:
the first paragraph of Article 4 thereof;
                                                        {a) market target price:
Having regard to the proposal from the                       79-60 units of account per 100 kilogrammes
Commission;
                                                        (b) intervention price:
Having regard to the Opinion of the European                 72-35 units of account per 100 kilogrammes
Parliament;
Whereas the market target price and the inter­
vention price must be fixed according to the                                 Article 2
criteria laid down in Articles 4, 6 and 7 of
Regulation No 136/66/EEC for a specific                 The prices referred to in Article 1 relate to
standard quality;                                       virgin semi-fine olive oil with a free fatty acid
Whereas the reasons which have led to the               content expressed as oleic acid of 3 grammes per
                                                        100 grammes .
determination of the standard quality for the
preceding marketing year continue to prevail;
whereas it is therefore appropriate to maintain                              Article 3
this quality unchanged;
Whereas the application of these criteria               This Regulation shall enter into force on
results in fixing the market target price and the       1 November 1972.
            This Regulation shall be binding in its entirety and directly applicable in all
            Member States .
            Done at Luxembourg, 31 October 1972.
                                                                         For the Council
                                                                          The President
                                                                          P. LARDINOIS
1  OJ No 172, 30.9.1966, p. 3025/66.
2  OJ No L 165, 21.7.1972, p. 1 .