31986R1460

21.5.86 Official Journal of the European Communities NoL133 / 17

COUNCIL REGULATION ( EEC) No 1460/86

of 13 May 1986

fixing the monthly increases in the representative market price, the intervention price and the threshold price for olive oil for the 1986/87 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES , condition ; whereas the interest charges can be calculated with reference to the average price of olive oil valid in Having regard to the Treaty establishing the European production areas ; Economic Community, Whereas, to ensure orderly marketing of the production, Having regard to Council Regulation No 136/66/EEC in view of the prospects for production and con­ of 22 September 1966 on the establishment of a common sumption, it is sufficient to provide for seven increases organization of the market in oils and fats ('), as last for olive oil , amended by Regulation (EEC) No 1454 / 86 (2), and in particular Article 10 thereof, HAS ADOPTED THIS REGULATION : Having regard to the proposal from the Commission (3), Article 1 Whereas, under Article 10 of Regulation No 136/66/ For the 1986/ 87 marketing year, the amount of the EEC, the representative market price, the intervention monthly increases referred to in Article 10 of Regulation price and the threshold price for olive oil must be in­ No 136/66/ EEC and applicable for seven months with creased each month for a period of at least five months effect from 1 January 1987 shall be 1,79 ECU per 100 beginning on 1 January 1987 ; whereas these increases kilograms. must be the same for all three prices ; Article 2 Whereas, in fixing these increases the same for each of these months, account being taken of average storage This Regulation shall enter into force on the third day costs and interest charges in the Community, the average following its publication in the Official Journal of the storage costs should be established on the basis of the European Communities. cost of storing oil in the appropriate premises and of the handling required for preserving the oil in good It shall apply from 1 November 1986 .

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

Done at Brussels, 13 May 1986 .

For the Council

The President

W. F. van EEKELEN

(') OJ No 172 , 30 . 9 . 1966, p. 3025 /66 . (J) See page 8 of this Official Journal. (s) OJ No C 85 , 14. 4 . 1986 , p. 13 .