Council Regulation (EC) No 1534/95 of 29 June 1995 fixing, for the 1995/96 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

COUNCIL  REGULATION (EC) No 1534/95 of 29 June 1995 fixing, for the 1995/96 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,
Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of  the markets in the sugar sector (1), and in particular Article 3 (5), 5 (5) and 8 (4) thereof,
Having regard to the proposal from the Commission (2),
Whereas Council Regulation (EC) No 1533/95 of 29 June 1995 fixing, for the 1995/96 marketing year,  certain sugar prices and the standard quality of beet (3), fixed the intervention price for white  sugar at ECU 63,19 per 100 kilograms applicable for the 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 of the deficit areas; whereas, 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;
Whereas a deficit supply situation is to be foreseen in the areas of production in Italy, Ireland,  the United Kingdom, Spain, Portugal and Finland;
Whereas Article 3 (5) of Regulation (EEC) No 1785/81 provides that an intervention price for raw  sugar shall be fixed; whereas such price should be established on the basis of the intervention  price for white sugar;
Whereas Regulation (EC) No 1533/95 fixed the basic price for beet at ECU 47,67 per tonne; whereas  Article 5 (2) of Regulation (EEC) No 1785/81 provides that the minimum price to be fixed for A beet  shall be 98 % of the basic price of the beet and the 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;
Whereas 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 repayment in the context 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; whereas, or financing costs, account should be taken of a 6,75 % interest rate,