31977R1067

25 . 5 . 77 No L 129 / 3 Official Journal of the European Communities

COUNCIL REGULATION ( EEC) No 1067/77 of 17 May 1977 fixing the production target price for olive oil for the 1977/78 marketing year

THE COUNCIL OF THE EUROPEAN Whereas the target price referred to above must be COMMUNITIES , fixed in accordance with the criteria laid down in Arti­ cles 4 and 5 of Regulation No 136/66/ EEC for a deter­ Having regard to the Treaty establishing the European mined standard quality ; Economic Community, and in particular Article 43 thereof, Whereas the reasons which led to the determination of the standard quality for the preceding marketing Having regard to Council Regulation No 136/66/ EEC year are still valid ; whereas that standard quality of 22 September 1966 on the common organization of should therefore remain unchanged ; the market in oils and fats ('), as last amended by Regulation ( EEC) No 1 707/73 (2), and in particular the Whereas application of these criteria entails fixing the first paragraph of Article 4 thereof, production target price at a higher level than that Having regard to the proposal from the Commission , adopted for the preceding marketing year,

Having regard to the opinion of the European Parlia­ ment (3 ), HAS ADOPTED THIS REGULATION : Having regard to the opinion of the Economic and Social Committee (4 ), Article 1

Whereas, when the production target price for olive For the 1977/78 marketing year, the production target oil is fixed , account should be taken of the objectives price for olive oil shall be 187-78 units of account per of the common agricultural policy and of the contribu­ 100 kilograms . tion which the Community desires to make to the harmonious development of world trade ; whereas the objectives of the common agricultural policy are, in Article 2 particular, to ensure a fair standard of living for the agricultural Community, to ensure that supplies are The price referred to in Article 1 relates to semi-fine available and that they reach consumers at reasonable virgin olive oil with a free fattv acid content, prices ; 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 . (-) OJ No L 175 , 29 . 6 . 1973 , p. 5 . (3 ) OJ No C 93 , 18 . 4 . 1977, p. 11 . (■>) OJ No C 77, 30 . 3 . 1977, p. 15 .