Proposal for a Council Regulation (EC) No ... of ... fixing the derived intervention prices for white sugar, the intervention price for raw sugar, the minimum prices for A and B beet and the amount of compensation for storage costs for the 1999/2000 marketing year
Date: 1999-02-08
Institutions: European Commission
Subjects: agricultural market, agricultural product, agricultural production, fixing of prices

1.3.1999

EN

Official  Journal  of  the  European  Communities

C  59/7

Proposal  for  a

COUNCIL  REGULATION  (EC)  No  . . ./1999

of  . . .  1999

fixing  the  derived  intervention  prices  for  white  sugar,  the  intervention  price  for  raw  sugar,  the
minimum  prices  for  A  and  B  beet  and  the  amount  of  compensation  for  storage  costs  for  the
1999/2000  marketing  year

(1999/C  59/05)

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),  as  last  amended  by
Commission  Regulation  (EC)  No  1148/98 (2),  and  in
particular  Articles  3(5),  5(5)  and  8(4)  thereof,

Having  regard  to  the  proposal  from  the  Commission,

Whereas  Council  Regulation  (EC)  No  . . ./1999  of  . . .
1999  fixing  certain  sugar  prices  and  the  standard  quality
of  beet  for  the  1999/2000  marketing  year (3),  fixes  the
intervention  price  for  white  sugar  at  EUR  63,19/100  kg
for  non-deficit  areas;

Whereas  Article  3(1)  of  Regulation  (EEC)  No  1785/81
provides  that  derived  intervention  prices  for  white  sugar
are to be fixed for each deficit area; whereas, when these
prices  are  fixed,  account  should  be  taken  of  the  regional
variations  which,  given  a  normal  harvest  and  free
movement  of  sugar,  might  be  expected  to  occur  in  the
price  of  sugar  under  natural  conditions  of  price
formation  on  the  market;

Whereas  Regulation  (EC)  No  . . ./1999  fixes  the  basic
price  for  beet  at  EUR  47,67/t;  whereas  Article  5(2)  of
Regulation 
the
(EEC)  No  1785/81  provides 
minimum  price  to  be  fixed  for  A-beet  is  to  be  98 %  of
the  basic  price  for  beet  and  the  minimum  price  to  be
fixed  for  B-beet  is  in  principle  to  be  68 %  of  the  said
basic  price  notwithstanding  Article  28(5)  of 
that
Regulation;

that 

for 

sugar  and 

storage  costs 

Whereas  Article  5  of  Council  Regulation  (EEC)  No
1358/77  of  20  June  1977  laying  down  general  rules  for
offsetting 
repealing
Regulation  (EEC)  No  750/68 (4),  as  last  amended  by
Regulation  (EEC)  No  3042/78 (5),  provides  that  the
repayment in the context of the compensation for storage
costs  is  to  be  fixed  per  month  and  per  unit  of  weight,
taking  account  of  financing  costs,  insurance  and  specific
storage  costs;  whereas,  for  financing  costs,  account
should  be  taken  of  a  3,75 %  interest  rate,

HAS  ADOPTED  THIS  REGULATION:

Article  1

For  the  deficit  areas  of  the  Community,  the  derived
intervention  price  for  white  sugar  shall  be:

Whereas  a  short  supply  situation  is  to  be  foreseen  in  the
areas  of  production  in  Ireland  and  the  United  Kingdom,
Spain,  Portugal  and  Finland;

(a)  EUR 64,65/100 kg for all the areas in Ireland and the

United  Kingdom;

Whereas  Article  3(5)  of  Regulation  (EEC)  No  1785/81
provides that an intervention price for raw sugar is to be
fixed;  whereas  that  price  should  be  determined  using  the
intervention  price  for  white  sugar  as  a  basis;

(b) EUR  64,65/100  kg  for  all  the  areas  in  Portugal;

(c)  EUR  64,65/100  kg  for  all  the  areas  in  Finland;

(d) EUR  64,88/100  kg  for  all  the  areas  in  Spain.

(1)  OJ  L  177,  1.7.1981,  p.  4.
(2)  OJ  L  159,  3.6.1998,  p.  38.
(3)  See  page  5  of  this  Official  Journal.

(4)  OJ  L  156,  25.6.1977,  p.  4.
(5)  OJ  L  361,  23.12.1978,  p.  8.

C  59/8

EN

Official  Journal  of  the  European  Communities

1.3.1999

Article  2

Article  4

The  intervention  price  for  raw  sugar  shall  be  EUR
52,37/100  kg.

The reimbursement referred to in Article 8 of Regulation
(EEC)  No  1785/81  shall  be  EUR  0,33/100  kg  of  white
sugar  per  month.

Article  3

Article  5

1. The  minimum  price  for  A-beet  applicable  in  the
Community  shall  be  EUR  46,72/t.

2. Except  where  Article  28(5)  of  Regulation  (EEC)  No
1785/81 
is  applied,  the  minimum  price  for  B-beet
applicable  in  the  Community  shall  be  EUR  32,42/t.

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

It  shall  apply  for  the  1999/2000  marketing  year.

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

Done  at  . . .

For  the  Council

The  President

. . .