PART IIINTERNAL MARKET

TITLE IMARKET INTERVENTION

CHAPTER IPublic intervention and private storage

Section IIIPrivate storage

Subsection IIOptional Aid

Article 33Conditions of granting for olive oil

The Commission may decide to authorise bodies, offering sufficient guarantees and approved by the Member States, to conclude contracts for the storage of olive oil that they market in the event of a serious disturbance on the market in certain regions of the Community, inter alia, when the average price recorded on the market during a representative period is less than:

  1. (a)

    EUR 1 779/tonne for extra virgin olive oil, or

  2. (b)

    EUR 1 710/tonne for virgin olive oil, or

  3. (c)

    EUR 1 524/tonne for lampante olive oil having 2 degrees of free acidity, this amount being reduced by EUR 36,7/tonne for each additional degree of acidity.