26.6.91 Official Journal of the European Communities No L 162/23 COUNCIL REGULATION (EEC) No 1718/91 of 13 June 1991 fixing, for the 1991/92 marketing year, the derived intervention prices for white sugar, the intervention price for raw sugar, the minimum prices for A and B beet, the threshold prices, the amount of compensation for storage costs and the prices to be applied in Spain and ' : Portugal THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Act of Accession of Spain and Portugal, and in particular Article 234 (2) thereof, Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of the markets in the sugar sector (!), as last amended by Commission Regulation (EEC) No 464/91 (%), and in particular Articles 3 (5), 5 (5), 8 (4) and 14 (5) thereof, Having regard to Council Regulation (EEC) No 1716/91 of 13 June 1991 concerning the alignment of the prices of sugar and sugar beet applicable in Spain with the common prices (3), and in particular Article 6 thereof, Having regard to the proposal from the Commission (4), Whereas Council Regulation (EEC) No 1717/91 of 13 June 1991 fixing, for the 1991/92 marketing year, certain sugar prices and the standard quality of beet (), fixed the intervention price for white sugar at ECU 53,01 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 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 and the United Kingdom; 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 (EEC)No 1717/91 fixed the basic price for beet at ECU 40,00 per tonne; whereas Article § (2) of (1) OJNoL177,1.7. 1981, p. 4. (2) O No L 54, 28. 2. 1991, p. 22. (3) See page 18 of this Official Journal, () OJ No C 104, 19. 4. 1991, p. 20. (%) See page 21 of this Official Journal. 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 14 (2) of Regulation (EEC) No 1785/81 provides that the threshold price for white sugar shall be equal to the target price, plus costs, calculated at a flat rate, of transport from the Community area having the largest surplus to the most distant deficit consumption area in the Community, plus a flat-rate amount which takes into account the storage levy; whereas, given the state of supplies within the Community, account should be taken of transport charges between the departments of northern France and - Palermo; Whereas the threshold price for raw sugar is to be derived from the threshold price for white sugar by reference to a processing margin and a standard yield; Whereas the threshold price for molasses should be fixed in such a way that the receipts from sales of molasses may reach the level of receipts of undertakings taken into account in the fixing of basic prices for beet; Whereas Articles 3 and 4 of Regulation (EEC) No 1716/91 provide that, for the first stage of the alignment of the prices for sugar and beet in Spain, an intervention price for white sugar and a basic price and minimum prices for beet are to be fixed taking account in particular of a reducing factor with respect to a reference price; whereas, for the 1991/92 marketing year, the reducing factor with respect to the reference price is ECU 1,72 per 100 kilograms of white sugar and ECU 2,070 per tonne of beet; whereas pursuant to Article 5 of that Regulation account should be taken of the corresponding common prices to be fixed for that marketing year for the purposes of fixing the prices for sugar and beet applicable in Spain; ’ Whereas Article5 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 (¢), as last amended by Regulation (EEC) No 3042/78 (?), 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, subject to interest of 10 %, insurance costs and specific storage costs; () OJ No L 156, 25. 6. 1977, p. 4. (?) OJ No L 361, 23. 12. 1978, p. 8.