1968R0784 — EN — 16.02.1996 — 001.001 — 1
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►B REGULATION(EEC)No784/68OFTHECOMMISSION
of26June1968
layingdowndetailedrulesforcalculating c.i.f.pricesforwhitesugarandrawsugar
(OJ L 145, 27.6.1968, p. 10)
Amended by:
Official Journal
No page date
►M1CommissionRegulation(EC) No 260/96 of 12 February 1996 L 34 16 13.2.1996
▼B
REGULATION(EEC)No784/68OFTHECOMMISSION
of26June1968
laying down detailed rules for calculating c.i.f. prices for white
sugarandrawsugar
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 onthe commonorgan isationof the market insugar,and in particular Article 13 (4) thereof;
Whereas Article 13 (4) of RegulationNo 1009/67/EEC provides that
detailed rules must be laid down for calculating c.i.f. prices and
adjusting them to allow for any deviations from the standard quality;
Whereas paragraphs 1 and 2 of that Article require the most favourable
purchasing opportunities for white sugar and raw sugar on the world
market to be determined regularly for a specified frontier crossingpoint;
Whereas, to this end, the Commission must take account of all the
information available to it either directly or through the agency of theMember States; whereas, to ensure objectivity and that the c.i.f. pricesto be calculated are representative, certain information must be disre-
garded whenthe c.i.f. prices are bein g calculated, particularly if the
quantities involved are small or if the goods are not of sound and fairmarketable quality;
Whereas, since offer prices for white sugar and raw sugar are often
quoted for delivery otherwise thaninbulk c.i.f. Rotterdam, provisionmust be made for adjustments; whereas, when the prescribed adjust-ment of offer prices on the basis of the standard quality is being
effected, the coefficients provided for in connection with the interven-
tionreferred to inArticle 9 (8) of RegulationNo 1009/67/EEC shouldbe used inthe case of white sugar; whereas, inthe case of raw sugar,provisionshould be made for multiplicationby a corrective factorwhich takes yield into account;
Whereas, when offers of raw beet sugar are being examined, it is unli-
kely that the results of the analyses which must, pursuant to Article 1(2) of Council Regulation (EEC) No 431/68(
2) of 9 April 1968 deter-
mining the standard quality for raw sugar and fixing the Community
frontier crossing point for calculating c.i.f. prices for sugar, be takeninto account for the purpose of calculating yield will normally be avail-able;
Whereas the information needed to calculate the yield of raw cane
sugar pursuant to paragraph 3 of the same Article is generally availablefor all offers of raw sugar; whereas disparities arising when the c.i.f.
price is being calculated from the calculation of the yield of raw beet
sugar inaccordan ce with the detailed rules laid downinparagraph 3 ofthat Article canbe disregarded an d whereas, therefore, the yield ofboth types of raw sugar should be calculated inaccordan ce with para-graph 3 of that Article;
Whereas, to avoid disturbances of the Community market by sudden
and considerable alterations in the levy which do not reflect actual
price movements on the world market, the Commission should be
able, in certain circumstances and for a limited period, to leave a c.i.f.price unchanged as an exceptional measure;
Whereas, to prevent the Community market from being disturbed by
imports of sugar which has beenspecially treated or specially pack-1968R0784 — EN — 16.02.1996 — 001.001 — 2
(1) OJ No 308, 18.12.1967, p. 1.
(2) OJ No L 89, 10.4.1968, p. 3.
▼B
aged, a special c.i.f. price must be calculated for such imports in
certaincircumstan ces;
Whereas the measures provided for inthis Regulationare inaccor-
dance with the Opinion of the Management Committee for Sugar;
HAS ADOPTED THIS REGULATION:
Article 1
The Commission shall determine the c.i.f. prices for white sugar and
raw sugar on the basis of the most favourable purchasing opportunities
onthe world market. These prices shall be calculated inaccordan ce
with Articles 2 to 5.
Article 2
When the most favourable purchasing opportunities on the world
market are being established, account shall be taken of all information
relating to:
1. offers onthe world market,
2. quotations on exchanges which are important to the international
sugar trade,
3. prices recorded on important markets in third countries,4. sales concluded in international trade,
which is known to the Commission either directly or though (SIC!
through) the agency of the Member States.
Article 3
When the most favourable purchasing opportunities are being estab-
lished, information shall be disregarded,
1. if the goods are not of sound and fair marketable quality, or
2. 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
Commissionleads the latter to assume that the price in dicated inthe offer is not representative of actual market trends.
Article 4
1. Prices which are not valid for delivery in bulk c.i.f. Rotterdam
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 Rotterdam.
3. If the price relates to goods inbags it shall be reduced by
►
M10,88 ecu ◄per 100 kilogrammes.
Article 5
1. Whenprices which relate to qualities other thanthe stan dard
quality are being adjusted:
(a) the increases or reductions fixed in accordance with Article 9 of
RegulationNo 1009/67/EEC shall be applied to white sugar;
(b) the corrective factors obtained by dividing 92 by the percentage
yield of the sugar to which the price relates shall be applied to
raw sugar.
2. Yield shall be calculated inaccordan ce with the method described
inArticle 1 (3) of Regulation(EEC) No 431/68.1968R0784 — EN — 16.02.1996 — 001.001 — 3
▼B
Article 6
A c.i.f. price may, by way of exception, be left unchanged for a limited
period where the offer price for a givenquality or a specific origin
which served as a basis for fixing the previous c.i.f. price is not avail-
able 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 7
Where the offer price for sugar which has beenspecially treated or
specially packed, after deductionof costs attributable to such specialtreatment or packaging and adjustment to the price c.i.f. Rotterdam, is
less thanthe c.i.f. price established pursuan t to Articles 2 to 6, a special
c.i.f. price based onthe offer price shall be calculated for that sugar.
Article 8
This Regulation shall enter into force on the day following its publica-
tionintheOfficial Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable
inall Member States.1968R0784 — EN — 16.02.1996 — 001.001 — 4