Council Regulation (EEC) No 1987/86 of 24 June 1986 revising, for the 1986/87 marketing year, the maximum amount for the production levy on B sugar and amending Regulation (EEC) No 1453/86 with regard to the minimum price for B beet

COUNCIL  REGULATION (EEC) No 1987/86
of 24 June 1986
revising, for the 1986/87 marketing year, the maximum amount for the production levy on B sugar and amending Regulation (EEC) No 1453/86 with regard to the minimum price for B beet
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 934/86 (2), and in particular Article 5 (5) and the third subparagraph of Article 28 (5) thereof,
Having regard to the proposal from the Commission,
Whereas Article 28 (3) and (4) of Regulation (EEC) No 1785/81 provides that the losses resulting from the obligation to export surpluses of Community sugar are to be covered by production levies on the production of A and B sugar and of A and B isoglucose, within certain limits; whereas the third subparagraph of Article 28 (5) of the same Regulation allows, with effect from the 1986/87 marketing year, for the upper limit applicable to the B levy to be increased to a maximum of 37,5 % of the intervention price for white sugar;
Whereas the estimates for the 1986/87 marketing year indicate that the sum of the levies to be paid will not be sufficient to cover completely the total loss resulting from those obligations;
Whereas it is therefore necessary to increase, for the 1986/87 marketing year, the maximum amount of the B levy to 37,5 % of the intervention price for white sugar and also to adjust accordingly the minimum price for B beet fixed for that marketing year by Regulation (EEC) No 1453/86 (3);
Whereas the minimum prices of B beet applicable in Spain and Portugal must similarly be increased in such a manner that the financial burden resulting from the production levy is shared between beet producers and sugar manufacturers in the same way as it is in the other regions of the Community,