V okviru splošnih ciljev, določenih v členu 1, in da bi se trg oljčnega olja in olja iz olivnih tropin normaliziral ter od-pravilo vsako neravnovesje v mednarodni ponudbi in povpraševanju zaradi neenakih trgatev ali drugih vzrokov, bo svet na svojem jesenskem zasedanju natančno proučil bilance oljčnega olja in celotno oceno ponudbe in povpraševanja po oljčnem olju in olju iz olivnih tropin na podlagi obvestila, ki ga vsaka članica pošlje po členu 48, in drugih obvestil, ki jih dobi od vlad držav, ki niso članice tega sporazuma, zainteresirane pa so za mednarodno trgovino z oljčnim oljem in oljem iz olivnih tropin, ter na podlagi kakršnih koli drugih statističnih podatkov, s katerimi razpolaga.
Within the framework of the general objectives set forth in Article 1, and with a view to contributing towards the standardization of the market for olive oil and olive-pomace oil and correcting any imbalance between international supply and demand due to irregularity of harvests or to other factors, the Council shall, at the autumn session, make a detailed examination of olive-oil balances and an overall estimate of the supplies of and demand for olive oil and olive-pomace oil, on the basis of the information furnished by each member under Article 48 and any information communicated to the Council by governments of States not Parties to this Agreement but interested in the international olive oil and olive-pomace oil trade, and of any other relevant statistical material available to the Council.