COUNCIL REGULATION (EEC) No 1912/87 of 2 July 1987 fixing, for the 1987/88 marketing year, certain sugar prices and the standard quality of beet

THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof, Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of the market in the sugar sector (1), at last amended by Regulation (EEC) No 229/87 (2), and in particular Articles 2 (3), 3 (4) and 4 (3) thereof, Having regard to the proposal from the Commission (3), Having regard to the opinion of the European Parliament (4), Having regard to the opinion of the Economic and Social Committee (5), Whereas, when sugar prices are fixed, account should be taken of the objectives of the common agricultural policy and of the contribution which the Community intends to make to the harmonious development of world trade; whereas the objectives of the common agricultural policy are in particular to ensure a fair standard of living for the agricultural community, to assure the availability of supplies and ensure that they reach consumers at reasonable prices; Whereas, in order to attain these objectives, the target price for sugar must be fixed at a level which, taking into account in particular the resultant level of the intervention price, ensures a fair remuneration for beet and sugar cane producers while at the same time respecting consumers' interests, and which is likely to maintain the balance between the prices of the principal agricultural products; Whereas, as a result of the characteristics of the sugar market, the risks involved in this trade are relatively slight; whereas, consequently, when the intervention price for sugar is being fixed, the difference between the target price and the intervention price may be fixed at a relatively low level; Whereas the basic price for beet must take account of the intervention price and of the costs of processing and delivering the beet to factories and be based on an estimated Community yield of 130 kilograms of white sugar per tonne of beet at 16 % sugar content, HAS ADOPTED THIS REGULATION:

Article 1

1. The target price for white sugar shall be 57,03 ECU per 100 kilograms. 2. The intervention price for white sugar shall be 54,18 ECU per 100 kilograms for the non-deficit areas of the Community with the exception of Spain.

Article 2

The basic price for beet, applicable in the Community with the exception of Spain and Portugal, shall be 40,89 ECU per tonne delivered at the collection centre.

Article 3

Standard quality beet shall:(a) be of sound and fair merchantable quality;(b)have a sugar content of 16% at the reception point.

Article 4

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply for the 1987/88 marketing year.

This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 2 July 1987. For the Council The President K. E. TYGESEN

(1) OJ No L 177, 1. 7. 1981, p. 4. (2) OJ No L 25, 28. 1. 1987, p. 1. (3) OJ No C 89, 3. 4. 1987, p. 15. (4) OJ No C 156, 15. 6. 1987. (5) OJ No C 150, 9. 6. 1987, p. 8.