No L 126/4: Official Journal of the European Communities 9. 5. 89 COUNCIL REGULATION (EEC) No 1255/89 of 3 May 1989 fixing, for the 1989/90 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 COMMISSION 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 Articles 89 (2) and 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 Regulation (EEC). No 1069/8%9(), and in particular Articles 3 (5), 5 (5), 8 (4) and 14 (5) thereof, Having regard to the proposal from the Commission (%), Having regard to the opinion of the European Parliament (%), Whereas Council Regulation (EEC) No 1254/89 of 3 May 1989 fixing, for the 1989/90 marketing year; inter alia certain sugar -prices and the standard quality of beet () fixed the intervention price for white sugar at ECU 53,10 per 100 kilograms applicable for the non-deficit areas and that applicable for white:sugar falling under quotas held in free stock on 30 June 1989 at 24.00 by those persons entitled to reimbursement of storage costs for those stocks pursuant to Article 8 of Regulation (EEC) No 1785/81 and disposed of during the period 1 July to 30 September 1989 ; whereas such an intervention price should also be fixed for those stocks in- the other areas of the Community ;. 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 () OJ No L 177, 1. 7. 1981, p. 4. () OJ No L 114, 27. 4. 1989, p. 1. () OJ No C 82, 3. 4. 1989, p. 13. {*) Opinion delivered on 13 April 1989 (not yet published in the Official Journal). : (%) See page 1 of this Official Journal. fixed ; whereas such price should be established on the basis of the intervention price for white sugar ; whereas a special intervention price should be fixed for stocks of raw sugar falling under quotas held in free stock on 30 June 1989 at 24.00 by those persons entitled to reimbur- sement of storage costs for those stocks pursuant to Article 8 of Regulation (EEC) No 1785/81 and disposed | of during the period 1 July to 30 September 1989 ; Whereas Regulation (EEC) No 1254/89 fixed the basic price for beet at ECU 40,07 per tonne ; whereas Article § (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 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 foreseeable 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 Article 5 of Regulation (EEC) No 1358/77 (9 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, insurance and specific. storage costs; Whereas the prices to be applied in Spain should be fixed in such a way as to avoid enlarging the gap between those prices and the common prices, () OJ No L 156, 25. 6. 1977, p. 4.