Council Regulation (EC) No 1404/1999 of 24 June 1999 fixing, for the 1999/2000 marketing year, 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
Date: 1999-06-24
Institutions: Council of the European Union
Subjects: intervention price, marketing, prices policy, root vegetable, storage cost, sugar product

30. 6. 1999

EN

Official Journal of the European Communities

L 164/15

COUNCIL REGULATION (EC) No 1404/1999

of 24 June 1999

fixing, for the 1999/2000 marketing year, 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

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European
Community,

(6)

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 Article
3(5), Article 5(5) and Article 8(4) thereof,

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

minimum price to be fixed for B beet shall in
principle be 68 % of the said basic price, without
prejudice to Article 28(5) of that Regulation;

Article 5 of Council Regulation (EEC) No 1358/77
of 20 June 1977 laying down general rules for
offsetting storage costs for sugar and repealing
Regulation (EEC) No 750/68 (4) provides that the
amount of
the
compensation for storage costs shall be fixed per
month and per unit of weight, taking account of
financing costs, insurance costs and specific storage
costs; for financing costs, account should be taken
of a 3,75 % interest rate,

in the context of

repayment

Whereas

(1)

(2)

(3)

(4)

(5)

Council Regulation (EC) No 9330/1999 of 24 June
for the 1999/2000 marketing year,
1999 fixing,
certain sugar prices and the standard quality of
beet (3), fixed the intervention price for white sugar
at EUR 63,19 per 100 kilograms applicable for the
non-deficit areas;

Article 3(1) of Regulation (EEC) No 1785/81
provides that derived intervention prices for white
sugar are to be fixed for each of the deficit areas; for
such fixing, it is appropriate that account be taken
of the regional variations in the price of sugar,
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;

A deficit supply situation is to be anticipated in the
areas of production in Ireland and the United
Kingdom, Spain, Portugal and Finland;

Article 3(5) of Regulation (EEC) No 1785/81
provides that an intervention price for raw sugar
shall be fixed; such price should be established on
the basis of the intervention price for white sugar;

Regulation (EC) No 9330/1999 fixed the basic
price for beet at EUR 47,67 per tonne; Article 5(2)
of Regulation (EEC) No 1785/81 provides that the
minimum price to be fixed for A beet shall be
the beet and the
98 % of

the basic price of

(1) OJ L 177, 1.7.1981, p. 4. Regulation as last amended by
Regulation (EC) No 1148/98 (OJ L 159, 3.6.1998, p. 38).

(2) OJ C 59, 1.3.1999, p. 7.
(3) See page 13 of this Official Journal.

HAS ADOPTED THIS REGULATION:

Article 1

For the deficit areas of the Community, the derived inter-
vention price for white sugar shall be fixed, per 100
kilograms, at:

(a) EUR 64,65 for all the areas in Ireland and the United

Kingdom;

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

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

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

Article 2

The intervention price of raw sugar shall be EUR 52,37
for 100 kilograms.

Article 3

The minimum price for A beet applicable in the

1.
Community shall be EUR 46,72 per tonne.

Subject

2.
to Article 28(5) of Regulation (EEC) No
1785/81, the minimum price for B beet applicable in the
Community shall be EUR 32,42 per tonne.

(4) OJ L 156, 26.6.1977, p. 4. Regulation as last amended by
Regulation (EEC) No 3042/78 (OJ L 361, 23.12.1978, p. 8).

L 164/16

EN

Official Journal of the European Communities

30. 6. 1999

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

Article 4

Article 5

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 1999/2000 marketing year.

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

Done at Luxembourg, 24 June 1999.

For the Council

The President

J. TRITTIN