31972R2320

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 content expressed as oleic acid of 3 grammes per Whereas the reasons which have led to the 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 .