Council Regulation (EC) No 1360/98 of 26 June 1998 fixing, for the 1998/1999 marketing year, certain sugar prices and the standard quality of beet
Date: 1998-06-26
Institutions: Council of the European Union
Subjects: agri-monetary policy, intervention price, marketing year, sugar, sugar beet, target price

30. 6. 98

EN

Official Journal of the European Communities

L 185/1

I

(Acts whose publication is obligatory)

COUNCIL REGULATION (EC) No 1360/98

of 26 June 1998

fixing, for the 1998/1999 marketing year, certain sugar prices and the standard
quality of beet

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EEC) No 1785/81
of 30 June 1981 on the common organisation of the
markets in the sugar sector (1), and in particular Articles
2(3), 3(4) and 4(3) thereof,

Having regard to the proposal from the Commission (2),

Having regard to the opinion of the European Parlia-
ment (3),

Having regard to the opinion of the Economic and Social
Committee (4),

Whereas, when sugar prices are fixed, account should be
taken of the objectives of the common agricultural policy;
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 reason-
able 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 interven-
tion price, ensures a fair remuneration for beet and sugar-
the same time respecting
cane producers while at
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 rel-
atively low level;

(1) OJ L 177, 1. 7. 1981, p. 4. Regulation as last amended by
Regulation (EC) No 1599/96 (OJ L 206, 16. 8. 1996, p. 43).

(2) OJ C 87, 23. 3. 1998, p. 5.
(3) Opinion delivered on 16 June 1998 (not yet published in the

(4) Opinion delivered on 29 April 1998 (not yet published in the

Official Journal).

Official Journal).

Whereas the basic price for beet must take account of the
intervention price, revenue to undertakings as a result of
the sale of molasses, which can be valued at ECU 7,61 per
100 kilograms,
that amount being derived from the
molasses price referred to in Article 14(2) of Regulation
(EEC) No 1785/81, the latter being valued at ECU 8,21
per 100 kilograms, and of the costs of processing and
delivering the beet to factories and be based on an es-
timated Community yield of 130 kilograms of white sugar
per tonne of beet with a 16 % sugar content,

HAS ADOPTED THIS REGULATION:

Article 1

The target price for white sugar shall be ECU 66,50

1.
per 100 kilograms.

2.
The intervention price for white sugar shall be ECU
63,19 per 100 kilograms for the non-deficit areas of the
Community.

Article 2

The basic price applicable in the Community for beet
shall be ECU 47,67 per tonne delivered at the collection
centre.

Article 3

Standard quality beet shall:

(a) be of sound, genuine and merchantable quality;

(b) have a sugar content of 16 % at the reception point.

Article 4

This Regulation shall enter
into force on the day
following its publication in the Official Journal of the
European Communities.

It shall be applicable for the 1998/1999 marketing year.

L 185/2

EN

Official Journal of the European Communities

30. 6. 98

This Regulation shall be binding in its entirety and directly applicable in all Member
States.

Done at Luxembourg, 26 June 1998.

For the Council

The President

J. CUNNINGHAM