Commission proposal on the prices for agricultural products - Volume III - Legal instruments - Proposal for a COUNCIL REGULATION fixing the derived intervention prices for white sugar, the intervention price for raw sugar, the minimum prices for A and B beet and the compensation to offset storage costs for the 2000/01 marketing year
Date: 2000-02-29
Institutions: European Commission
Subjects: intervention price, minimum price, raw sugar, storage cost, sugar beet, white sugar

24.3.2000

EN

Official Journal of the European Communities

C 86 E/7

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 compensation to offset storage costs for the 2000/01
marketing year

(2000/C 86 E/04)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 2038/1999 of 13
September 1999 on the common organisation of the markets
in the sugar sector (1), and in particular Articles 3(5), 5(4) and
8(4) thereof,

Having regard to the proposal from the Commission,

Whereas:

(5) Regulation (EC) No . . . fixes the basic price for beet at
EUR 47,67/t. Article
(EC) No
5(2)
2038/1999 provides that the 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 that basic price, without prejudice to Article 33(5)
of that Regulation.

of Regulation

sugar

(6) Article 5 of Council Regulation (EEC) No 1358/77 of 20
June 1977 laying down general rules for offsetting storage
and repealing Regulation (EEC) No
costs
for
750/68 (3), as
last amended by Regulation (EEC) No
3042/78 (4), provides that
to offset
the reimbursement
storage costs is to be fixed per month and per unit of
weight, taking account of financing costs,
insurance and
specific storage costs. An interest rate of 3,75 % should
be used for calculating the financing costs,

(1) Council Regulation (EC) No . . . of . . . fixing certain sugar
prices and the standard quality of beet for the 2000/01
marketing year (2) fixes the intervention price for white
sugar at EUR 63,19/100 kg for non-deficit areas.

HAS ADOPTED THIS REGULATION:

(2) Article 3(1) of Regulation (EC) No 2038/1999 provides that
a derived intervention price for white sugar is to be fixed
for each deficit area. When those prices are fixed, account
should be taken of the regional variations in the price of
sugar which, given a normal harvest and free movement of
sugar, may be expected to occur under natural conditions
of price formation on the market.

Article 1

The derived intervention prices for white sugar in the deficit
areas of the Community shall be:

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

Kingdom;

(3) A short supply situation is to be foreseen in the areas of
production in Ireland, the United Kingdom, Spain, Portugal
and Finland.

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

(4) Article 3(5) of Regulation (EC) No 2038/1999 provides for
the fixing of an intervention price for raw sugar. That price
should be established on the basis of the intervention price
for white sugar.

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

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

(1) OJ L 252, 25.9.1999, p. 1.
(2) See page . . . of this Official Journal.

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

C 86 E/8

EN

Official Journal of the European Communities

24.3.2000

Article 2

Article 4

The
intervention
EUR 52,37/100 kg.

price

for

raw sugar

shall

be

The reimbursement provided for in Article 8 of Regulation (EC)
No 2038/1999 shall be EUR 0,33/100 kg white sugar per
month.

Article 3

The minimum price for A beet applicable in the

1.
Community shall be EUR 46,72/t.

2.
Except where Article 33(5) of Regulation (EC) No
2038/1999 applies, the minimum price for B beet applicable
in the Community shall be EUR 32,42/t.

Article 5

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 2000/01 marketing year.

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

Done at Brussels, . . .

For the Council

The President

. . .