31966R0165

Official Journal of the European Communities 253

29.10. 66. OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES 3399/66

REGULATION No 165/66/EEC OF THE COUNCIL of 27 October 1966

on price measures to be applied to olive oil for the 1966/67 marketing year

THE COUNCIL OF THE EUROPEAN ECONOMIC same as in the past; whereas, however, allowance COMMUNITY, should be made for the fact that the increase in incomes and the general fall in oil prices in Italy, which consumes approximately 95% of Community Having regard to the Treaty establishing the olive oil, means that consumption of liquid oils and European Economic Community ; fats is likely to increase in that State ; whereas, finally, the increase in olive oil prices throughout the marketing year by reason of the monthly increases Having regard to Council Regulation No must also be taken into account; 136/66/EEC1 on the establishment of a common organisation of the market in oils and fats, and in particular Articles 4, 13 (2) and 36 thereof; Whereas the difference between the market target price and the intervention price must be such as to allow market prices to adjust to normal fluctuations Having regard to the proposal from the Commission; due to the trend of economic activity without jeopardising the stability of consumer prices ; Whereas Article 4 of Regulation No 136/66/EEC whereas, moreover, certain transport costs should be taken into account so that oil from the main requires the Council to decide on the price measures applicable to olive oil for the 1966/67 marketing production areas of the Community can meet year ; competition from imported olive oil in the main deficit areas ;

Whereas the production target price must be fixed at a level which is fair to producers, account being Whereas, with a view to ensuring a balanced import taken of the need to keep Community production at system during the first marketing year, the threshold the required level ; whereas this objective can be price should be fixed at a slightly higher level than attained by fixing this price at a level determined on that which would result from the application of the basis of the income obtained by producers before Article 8 of Regulation No 136/66/EEC ; the common organisation of the market in oils and fats began to apply, and of the need to maintain a Whereas most imports of olive oil enter the balanced relationship between prices for the main Community through the Mediterranean ports on the agricultural products ; coast of northern Italy ; whereas Imperia is particularly representative of these ports since a large Whereas the market target price must be fixed at a industry using imported olive oil is situated there; whereas this port should therefore be chosen as the level which would allow production to be disposed of in the normal way; whereas it therefore appears Community frontier crossing point; desirable, in respect of the 1966/67 marketing year at least, to fix this price at a level which will ensure that consumption is kept at its present level ; whereas, HAS ADOPTED THIS REGULATION : consequently, the market target price must be so fixed that the competitive relationship between olive oil and oil obtained from seeds remains much the Article 1

The prices for olive oil referred to in Article 4 of Regulation No 136/66/EEC shall be as follows for 1 OJ No 172, 30.9.1966, p. 3025/66. the 1966/67 marketing year :

254 Official Journal of the European Communities

production target price : 115 u. a. per 100 kilo­ acid content expressed as oleic acid of 3 grammes per grammes ; 100 grammes ^ — market target price : 80 u. a. per iOO kilo­ grammes ; . Article 3 — intervention price : 73 u . a . per 100 kilo­ grammes ; The Community frontier crossing point referred to in Article 13 (2) of Regulation No 136/66/EEC shall be -— threshold price : 79-8 u. a. per 100 kilo­ Imperia . grammes . ,

Article 4 Article 2 This Regulation shall enter into force on the third The pxices referred to in Article 1 of this Regulation day following its "publication in the Official Journal relate to semi-fine virgin olive oil with a . free fatty of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States . '

Done at Brussels,°27 October 1966 .

For the Council The President L. DE BLOCK