Document ID: 31994R2586

COMMISSION REGULATION (EC) No 2586/94 of 25 October 1994 fixing the intervention price for olive oil for the 1994/95 marketing year at a reduced level to take account of the overrun of the maximum guaranteed quantity during the 1992/93 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
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 amended by Regulation (EC) No 3179/93 (2), and in particular Article 4a thereof,
Whereas Council Regulation (EC) No 1875/94 (3) fixes, for the 1994/95 marketing year, the intervention price for olive oil;
Whereas Article 4a of Regulation No 136/66/EEC extends the system of maximum guaranteed quantities to the intervention price for olive oil; whereas, for the 1992/93 marketing year, the maximum guaranteed quantity was fixed at 1 350 000 tonnes, although final production of olive oil for that marketing year was 1 379 347 tonnes; whereas, pursuant to the abovementioned Article 4a, the intervention price for the 1994/95 marketing year should be reduced in proportion to the extent that final production in the 1992/93 marketing year exceeded the maximum guaranteed quantity;
Whereas the intervention price fixed for the 1994/95 marketing year by Regulation (EC) No 1875/94 must therefore be reduced by 2,13 %,
HAS ADOPTED THIS REGULATION:
Article 1
The intervention price for olive oil for the 1994/95 marketing year shall be ECU 158,94/100 kg.
Article 2
This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.
It shall apply from 1 November 1994.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 25 October 1994.

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