11985I092

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Article 92

1 . For olive oil , the provisions of Articles 68 and 72 shall apply to the intervention price .

2 . During the transitional period of 10 years , the price thus fixed for Spain shall be aligned on the level of the common price each year at the beginning of each marketing year in accordance with the following procedures :

- Until the entry into force of the adjustment of the " acquis communautaire " , the price in Spain shall be aligned each year by one-twentieth of the original variation between this price and the common price .

- As from the entry into force of the adjustment of the " acquis communautaire " , the price in Spain shall be corrected by the difference existing between the price in that Member State and the common price , as applicable before each move towards alignment , divided by the number of marketing years still to run until the end of the period of application of the transitional measures ; the price resulting from this calculation shall be adapted in proportion to any change in the common price for the marketing year to come .

3 . The Council , acting in accordance with the procedure provided for in Article 43 ( 2 ) of the EEC Treaty , shall establish that the condition required for the application of the second indent of paragraph 2 is fulfilled . The move towards alignment of the price shall be effected in accordance with the latter provision from the beginning of the marketing year following such establishment .

4 . The compensatory amount resulting from application of Article 72 shall be adapted , should the need arise , on the basis of the difference between Community aid for consumption applicable in the Community as at present constituted and in Spain .