31977R1066

No L 129/2 Official Journal of the European Communities 25 . 5 . 77

COUNCIL REGULATION ( EEC) No 1066/77 of 17 May 1977 fixing the market target price and the intervention price for olive oil for the 1977 /78 marketing year

THE COUNCIL OF THE EUROPEAN marketing year continue to prevail ; whereas it is there­ COMMUNITIES, fore appropriate to maintain this quality unchanged ;

Having regard to the Treaty establishing the European Whereas application of these criteria entails fixing the Economic Community, and in particular Article 43 market target price and the intervention price at a thereof, level lower than that adopted for the preceding marketing year, 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 HAS ADOPTED THIS REGULATION : fats ('), as last amended by Regulation (EEC) No 1 707/73 (2), and in particular the first paragraph of Article 4 thereof, Article 1

Having regard to the proposal from the Commission, The prices for olive oil for the 1977/78 marketing year shall be : Having regard to the opinion of the European Parlia­ ment (3 ), (a) market target price : 141-91 units of account per 100 kilograms ; Having regard to the opinion of the Economic and Social Committee (4), (b) intervention price : 134-62 units of account per 100 kilograms. Whereas the market target price and the intervention price must be fixed according to the criteria laid down Article 2 in Articles 4, 6 and 7 of Regulation No 136/66/ EEC for a specific standard quality ; The prices referred to in Article 1 relate to virgin Whereas the reasons which have led to the determina­ semi-fine olive oil with a free fatty acid content, tion of the standard quality for the preceding expressed as oleic acid, of three grams per 100 grams.

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

Done at Brussels, 17 May 1977.

For the Council

The President

J. SILKIN

(') OJ No 172, 30 . 9 . 1966, p. 3025/66 . (2 ) OJ No L 175, 29 . 6 . 1973 , p. 5 . (3 ) OJ No C 93, 18 . 4. 1977, p. 11 . (4) OJ No C 77, 30 . 3 . 1977, p. 15 .