Commission Regulation (EC) No 1252/96 of 28 June 1996 on precautionary measures in the sugar sector

COMMISSION REGULATION (EC) No 1252/96 of 28 June 1996 on precautionary measures in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community, and in particular Articles 5 and 155 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), as last amended by Commission Regulation (EC) No 1126/96 (2),
Whereas the marketing year for the products covered by the sugar market organization begins on 1 July; whereas, despite all the Commission's efforts, the Council has not, to date, adopted the prices applicable to those products nor the amount of the repayment in respect of storage cost pursuant to Articles 2 (3), 3 (4), 4 (3), 5 (5) and 8 (4) of Regulation (EEC) No 1785/81; whereas the Commission, under the responsibilities assigned to it by the Treaty is therefore obliged to adopt the precautionary measures essential to ensure continuity of operation of the common agricultural policy in the sugar sector; whereas those measures are taken as a precaution and are without prejudice to any subsequent decisions which the Council may adopt for the 1996/97 marketing year;
Whereas those precautionary measures should be aimed, in particular, at ensuring the continuity of the price arrangements and adopting amounts equal to the level of prices applied in the 1995/96 marketing year; whereas, however, as regards the flat-rate reimbursement of storage costs, account should be taken of the fall in current interest rates,