1968R0785 — EN — 24.06.1995 — 001.001 — 1
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►B COMMISSION REGULATION (EEC) No 785/68
of 26 June 1968
determiningthestandardqualityandlayingdowndetailedrulesforcalculatingthec.i.f.pricefor
molasses
(OJ L 145, 27.6.1968, p. 12)
Amended by:
Official Journal
No page date
►M1Commission Regulation (EC) No 1422/95 of 23 June 1995 L 141 12 24.6.1995
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COMMISSION REGULATION (EEC) No 785/68
of 26 June 1968
determiningthestandardqualityandlayingdowndetailedrulesfor
calculating the c.i.f. price for molasses
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European EconomicCommunity;
Having regard to Council Regulation No 1009/67/EEC (
1)o f1 8
December 1967 on the common organisation of the market in sugar, andin particular Articles 12 (6) and 13 (4) thereof;
Whereas Article 12 (6) of Regulation No 1009/67/EEC requires the
standard quality of molasses to be determined; whereas, moreover,Article 13 (4) of the above-mentioned Regulation provides that detailedrules must be laid down for calculating c.i.f. prices and for adjustingthem to allow for any deviations from the standard quality;
Whereas a total sugar content of 48 % can be considered as repres-
entative of the greater part of molasses produced in the Community;whereas it is therefore appropriate to select molasses of sound and fairmarketable quality with a total sugar content of 48 % as the standardquality and, for the purpose of converting prices applicable to thestandard quality, to make provision for an adjustment of one forty-eighth foreach per centage point of total sugarcontent by which themolasses offered differs from the total sugar content of the standardquality;
Whereas, pursuant to paragraphs 1 and 2 of Article 13 of Regulation No
1009/67/EEC, the most favourable purchasing opportunities formolasses on the world market must be determined for a specifiedfrontier crossing point;
Whereas it seems appropriate to fix the c.i.f. price for molasses once a
week to take the peculiar characteristics of the market in molasses intoaccount and to facilitate business planning by processing industries andthe trade; whereas, to this end, the Commission must take all informa-tion available to it either directly or through the agency of the MemberStates into account; whereas, to ensure objectivity and that the c.i.f.prices to be calculated are representative, certain information must bedisregarded when c.i.f. prices are being calculated, particularly if thequantities involved are small or if the goods are not of sound and fairmarketable quality; whereas, since offer prices for molasses often implyterms other than delivery c.i.f. Rotterdam, provision must be made foran adjustment;
Whereas if prices which are representative of the actual market trend
are to be taken into account for the purpose of determining the mostfavourable purchasing opportunities on the world market, particularlywhere only limited information is available, the Commission should befree to base its calculations on an average obtained from several prices;
Whereas to avoid disturbances of the Community market by sudden and
considerable alterations in the levy which do not reflect actual pricemovements on the world market, the Commission should be able, incertain circumstances and for a limited period, to leave a c.i.f. priceunchanged as an exceptional measure;
Whereas the measures provided for in this Regulation are in accordance
with the Opinionopinion of the Management Committee forSugar ;
(1) OJ No 308 18.12.1967, p. 1.
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▼B
HAS ADOPTED THIS REGULATION:
Article 1
Standard quality molasses shall:
(a) be of sound and fairmar ketable quality;
(b) have a total sugarcontent of 48 %.
Article 2
The Commission shall determine the c.i.f. price for molasses each week
on the basis of the most favourable purchasing opportunities on theworld market. These shall be established in accordance with Articles 3to 7.
Article 3
When the most favourable purchasing opportunities on the world
market are being established, account shall be taken of all informationrelating to:
1. offers on the world market,2. prices recorded on important markets in third countries,3. sales concluded in international trade which are known to the
Commission either directly or through the agency of the MemberStates.
Article 4
When the most favourable purchasing opportunities on the world
market are being established, information shall be disregarded:
1. if the goods are not of sound and fair marketable quality, or2. if the possibility of obtaining them at the price indicated in the offer
relates only to a small quantity which is not representative of themarket, or
3. if the general trend of prices or the information available to the
Commission leads the latterto assume that the pr ice indicated in theoffer is not representative of actual market trends.
Article 5
1. Prices which are not valid for delivery in bulk
c.i.f.►
M1Amsterdam ◄shall be adjusted
2. When the adjustment is made, account shall be taken in particular
of the difference in the cost of transporting the goods between the portof shipment and the port of destination and between the port of ship-ment and ►
M1Amsterdam. ◄
Article 6
Prices determined when the most favourable purchasing opportunities
are being established and which do not relate to the standard qualityshall be:
1. increased by one forty-eighth for each percentage point of total sugar
content where the sugar content of the molasses concerned is lessthan 48 %.
2. reduced by one forty-eighth for each percentage point of total sugar
content where the sugar content of the molasses concerned is morethan 48 %.
Article 7
When the most favourable purchasing opportunities on the world
market are being established, an average of several prices may be takenas a basis provided this average can be regarded as being representativeof actual market trends.
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Article 8
A c.i.f. price may, by way of exception, be left unchanged for a limited
period where the offer price for a given quality or a specific originwhich served as a basis for fixing of the previous c.i.f. price is notavailable to the Commission when the next c.i.f. price is to be fixed andwhere the offer prices which are available and which the Commissionconsiders not to be sufficiently representative of actual market trendswould entail sudden and considerable changes in the c.i.f. price.
Article 9
This Regulation shall enterinto for ce on the day following its publica-
tion in the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable in
all MemberStates.