No L 183/12 Official Journal of the European Communities 3.7.87 COUNCIL REGULATION (EEC) No 1916/87 of 2 July 1987 fixing the production target price, the production aid and the intervention price for olive oil for the 1987/88 marketing year, as well as the maximum quantity referred to in Asticle 5 (*) of Regulation No 136/66/EEC THE COUNCIL OF THE EUROPEAN COMMUNITIES — Having regard to the Treaty establishing the European Economic Community, and in particular Arucle 43 thereof, Having regard to the Act of Accession of Spain and Portugal, and in particular Articles 89 (1), 92 (3), 234 (2) and 290 (3) thereof, Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the common organization of the market in oils and fats (*), as last amended by Regu- lation (EEC) No 1915/87 (?), and in particular Articles 4 (4) and 5 (1) thereof, Having regard to the proposal from the Commission (*), Having regard to the opinion of the European Par- liament (*), Having regard to the opinion of the Economic and Social Committee (*), Whereas, when the production target price for olive oil is fixed, account should be taken of the objectives of the common agricultural policy and of the contribution which the Community desires to make to the harmonious development of world trade; whereas the objectives of the common agricultural policy are, in particular, to ensure a fair standard of living for the agri- cultural community, to ensure that supplies are available and that they reach consumers at reasonable prices; Whereas the target price referred to above must be fixed in accordance with the criteria laid down in Articles 4 and 6 of Regulation No 136/66/EEC; Whereas, if the producer is to receive a fair income, production aid must be fixed in the light of the impact which the consumption aid has on part only of the production; (") O] No 172, 30. 9. 1966, p. 3025/66. (*) See page 7 of this Official Journal. ¢) O] No C 89, 3. 4. 1987, p. 23. (*) O] No C 156, 15. 6. 1987. () OJ No C 150, 9. 6. 1987, p. 8. Whereas, pursuant to Article 5 (1) of Regulation No 136/66/EEC, the maximum quantity that may be eligible for the unitary production aid fixed for each of the marketing years in question is to be fixed; whereas, pursuant to the criteria referred to in the said paragraph, the maximum quantity for each of the 1987/88, 1988/89, 1989/90 and 1990/91 marketing years should be as set out below; Whereas the intervention price must be fixed in accordance with the criteria laid down in Article 8 of Regulation No 136/66/EEC; Whereas, as a result of the application of Articles 68 and 236 of the Act of Accession, the intervention price for olive oil in Spain and Portugal differs from the common prices; whereas, under Articles 92 (2) and 290 (2) of the Act of Accession, the intervention prices for olive oil applicable in Spain and Portugal must, as from the entry into force of the adjustment of the acquis communautaire with relation to vegetable oils and fats, be aligned on the common prices in accordance with the detailed rules specified in the second indent of the said paragraphs; whereas the prices should be aligned in accordance with those detailed rules from the beginning of the marketing year following that in which it is established that the acquis communautaire has been adjusted; Whereas, following the entry into force of Regulation (EEC) No 1915/87 the adjustment of the acquis commu- nautaire should be established as having taken place; whereas, accordingly, the intervention prices applicable in Spain and Portugal in 1987/88 should be fixed in accordance with the second indent of articles 92 (2) and 290 (2) of the Act of Accession; Whereas Articles 95 and 293 of the Act of Accession provide for the granting of Community aid for the production of olive oil in Spain and in Portugal; whereas, pursuant to Articles 79 and 246 of that Act, the amounts of the Community aid in Spain and Portugal should be aligned on the commeon aid at the beginning of the marketing year; whereas the rules on this alignment result in the Spanish and Portuguese aid rates shown below; Whereas the production target price and the intervention price are fixed for a specific standard quality; whereas the reasons which led to the determination of the standard quality for the 1981/82 marketing year are still valid; whereas that standard quality should therefore remain unchanged;