Council Regulation (EEC) No 963/86 of 25 March 1986 amending Regulation (EEC) No 1484/85 as regards the intervention price for raw sugar for the 1985/86 marketing year

COUNCIL  REGULATION (EEC) No 963/86
of 25 March 1986
amending Regulation (EEC) No 1484/85 as regards the intervention price for raw sugar for the 1985/86 marketing year
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic 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), as last amended by Regulation (EEC) No 3768/85 (2), and in particular Article 3 (5) thereof,
Having regard to the proposal from the Commission,
Whereas Regulation (EEC) No 1483/85 (3) fixed the intervention price for white sugar for the 1985/86 marketing year at 54,18 ECU per 100 kg;
Whereas Article 3 (5) of Regulation (EEC) No 1785/81 provides for the fixing of an intervention price for raw sugar; whereas this price is established on the basis of the intervention price for white sugar, taking account of flat-rate amounts for processing and yield and the cost of transporting supplies of raw sugar;
Whereas Regulation (EEC) No 1484/85 (4) fixed the intervention price for raw sugar at 44,85 ECU per 100 kg for the 1985/86 marketing year;
Whereas Protocol 7 on ACP sugar annexed to the Second ACP-EEC Convention (5) and the Agreement between the European Economic Community and the Republic of India on cane sugar (6) provide that guaranteed prices shall be fixed and negotiated annually;
Whereas, by virtue of Protocol 7 on ACP sugar annexed to the Third ACP-EEC Convention, Council Decision 80/1186/EEC of 16 December 1980 on the association of the overseas countries and territories with the European Economic Community (7), as last amended by Decision 85/274/EEC (8), and the aforementioned agreement concluded with India, preferential arrangements should be administered within the context of the common organization of the markets in the sugar sector; whereas, in the context of the negotiations on the guaranteed prices for preferential sugar for the 1985/86 delivery period, the Community intervention price for raw sugar should be increased,