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COUNCIL REGULATION ( EEC ) No 3415/90
of 27 November 1990
fixing, for the 1990/91 marketing year, the representative market price and the threshold price for olive oil and the percentages of consumption aid to be retained in accordance with Article 11 ( 5 ) and ( 6 ) of Regulation No 136/66/EEC
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Economic Community,
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 fats ( 1 ), as last amended by Regulation ( EEC ) No 2902/89 ( 2 ), and in particular the second subparagraph of Article 4 ( 4 ) and Article 11 ( 6 ) thereof,
Having regard to the proposal from the Commission,
Whereas the representative market price must be fixed according to the criteria laid down in Article 7 of Regulation No 136/66/EEC;
Whereas the threshold price must be fixed in such a way that the selling price for the imported product at the frontier crossing point determined in accordance with Article 9 of Regulation No 136/66/EEC is the same as the representative market price, account being taken of the effect of the measures referred to in Article 11 ( 6 ) of the said Regulation;
Whereas the application of the above criteria results in fixing the representative market price and the threshold price at the levels shown in Article 1 of this Regulation;
Whereas, pursuant to Article 11 ( 5 ) and ( 6 ) of Regulation No 136/66/EEC, a certain percentage of the consumption aid during each olive oil marketing year is to be used, on the one hand, to finance the recognized trade organizations referred to in paragraph 3 of the abovementioned Article and, on the other hand, to finance measures to promote olive oil consumption in the Community; whereas the said percentages for the 1990/91 marketing year should be fixed,
HAS ADOPTED THIS REGULATION :
Article 1
For the 1990/91 marketing year the representative market price and the threshold price for olive oil shall be as follows :
_ representative market price : ECU 190,61 per 100 kilograms,
_ threshold price : ECU 189,43 per 100 kilograms .
Article 2
1 . For the 1990/91 marketing year the percentage of consumption aid referred to in Article 11 ( 5 ) of Regulation No 136/66/EEC shall be 1,4 %.
2 . For the 1990/91 marketing year the percentage of consumption aid to be allocated to the measures referred to in Article 11 ( 6 ) of Regulation No 136/66/EEC shall be 4 %.
Article 3
This Regulation shall enter into force on 1 December 1990 .
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 27 November 1990 .