31977R1112

28 . 5 . 77 Official Journal of the European Communities No L 134/9

COUNCIL REGULATION (EEC) No 1112/77 of 17 May 1977 fixing , for the 1977/78 sugar year, the sugar prices, the standard quality of beet and the coefficient for calculating the maximum quota

THE COUNCIL OF THE EUROPEAN Whereas the minimum price for beet must take COMMUNITIES, account of the intervention price and of the costs of processing and delivering the beet to factories and be based on an estimated Community yield of 130 kilo­ Having regard to the Treaty establishing the European grams of white sugar per tonne of beet with a 16 % Economic Community, and in particular Article 43 thereof, sugar content ;

Whereas the abovementioned standard costs may be Having regard to Council Regulation (EEC) No estimated at 13-27 units of account per 100 kilograms 3330/74 of 19 December 1974 on the common organi­ of white sugar ; whereas that standard amount is made zation of the market in sugar ('), as last amended by Regulation (EEC) No 11 10/77 (2), and in particular up of the sum of the real processing margin, ignoring Articles 2 (2), 3 (5) and 4 (3) and the second subpara­ sugar storage costs, estimated at 11-68 units of account, the costs of delivering the beet to factories, graph of Article 25 (2) thereof, estimated at 2-32 units of account, and the cost relating to the minimum stock not covered by the Having regard to the proposal from the Commission, offsetting of storage costs, estimated at a flat-rate amount of 0-10 unit of account, less a flat-rate amount Having regard to the opinion of the European Parlia­ of 0-83 unit of account representing factories' receipts ment (3 ), from the sale of molasses calculated on the basis of a yield of 38-5 kilograms per tonne of beet processed and an ex-factory price for molasses of 2-80 units of Having regard to the opinion of the Economic and account per 100 kilograms of molasses ; Social Committee (4 ),

Whereas the standard quality chosen for beet should Whereas, when sugar prices are fixed, account should be a quality which takes account of production charac­ be taken of the objectives of the common agricultural teristics in the main beet-producing areas of the policy and of the contribution which the Community Community ; desires to make to the harmonious development of world trade ; whereas the objectives of the common agricultural policy are in particular to ensure a fair Whereas in the light of production trends resulting standard of living for the agricultural community, to from specialization on the one hand of the Commu­ ensure that supplies are available and that they reach nity's sugar requirements, and possible outlets on the consumers at reasonable prices ; other, the coefficient for the maximum quotas laid down in Article 25 of Regulation (EEC) No 3330/74 should be fixed at 1-35, Whereas, in order to attain these objectives, the target price for sugar must be fixed at a level which, taking into account in particular the resultant level of the intervention price, ensures a fair remuneration for beet and sugar cane producers while at the same time respecting consumers' interests, and which is likely to HAS ADOPTED THIS REGULATION : maintain the balance between the prices of the prin­ cipal agricultural products ;

Article 1 Whereas, as a result of the characteristics of the sugar market, the risks involved in this trade are relatively slight ; whereas, consequently, when the intervention This Regulation shall apply to the 1977/78 sugar year. price for sugar is being fixed , the difference between the target price and the intervention price may be fixed at a relatively low level ; Article 2 (') OJ No L 359, 31 . 12. 1974, p . 1 . (2) See page 1 of this Official Journal . (3) OJ No C 93 , 18 . 4 . 1977, p. 11 . 1 . The target price for white sugar shall be 34-56 (4) OJ No C 77, 30 . 3 . 1977, p. 1.5 . units of account per 100 kilograms.

No L 134/ 10 Official Journal of the European Communities 28 . 5 . 77

2. The intervention price for white sugar shall be Article 4 32-83 units of account per 100 kilograms. Standard quality beet shall : 3. The area having the largest surplus consists of (a) be of sound, genuine and merchantable quality ; the following French departments : Asine, Oise, Somme . (b) have a sugar content of 1 6 % at the reception point. Article 3 Article 5 The minimum price for beet for the area referred to in Article 2 (3) shall be 25-43 units of account per The coefficient referred to in Article 25 ( 1 ) of Regula­ tonne delivered at the collection centre. tion (EEC) No 3330/74 shall be 1-35.

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

Done at Brussels, 17 May 1977. For the Council

The President J. SILKIN