Regulation (EEC) No 785/68 of the Commission of 26 June 1968 determining the standard quality and laying down detailed rules for calculating the c.i.f. price for molasses
Modified by
  • COMMISSION REGULATION (EC) No 1422/95of 23 June 1995laying down detailed implementing rules for the import of molasses in the sugar sector and amending Regulation (EEC) No 785/68, 31995R1422, June 24, 1995
  • Commission Regulation (EC) No 951/2006of 30 June 2006laying down detailed rules for the implementation of Council Regulation (EC) No 318/2006 as regards trade with third countries in the sugar sector, 32006R0951, July 1, 2006
REGULATION (EEC) No 785/68 OF THE COMMISSIONof 26 June 1968determining the standard quality and laying down detailed rules for calculating the c.i.f. price for molasses THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community; Having regard to Council Regulation No 1009/67/EECOJ No 308 18.12.1967, p. 1. of 18 December 1967 on the common organisation of the market in sugar, and in particular Articles 12 (6) and 13 (4) thereof; Whereas Article 12 (6) of Regulation No 1009/67/EEC requires the standard quality of molasses to be determined; whereas, moreover, Article 13 (4) of the above-mentioned Regulation provides that detailed rules must be laid down for calculating c.i.f. prices and for adjusting them to allow for any deviations from the standard quality; Whereas a total sugar content of 48 % can be considered as representative of the greater part of molasses produced in the Community; whereas it is therefore appropriate to select molasses of sound and fair marketable quality with a total sugar content of 48 % as the standard quality and, for the purpose of converting prices applicable to the standard quality, to make provision for an adjustment of one forty-eighth for each percentage point of total sugar content by which the molasses offered differs from the total sugar content of the standard quality; Whereas, pursuant to paragraphs 1 and 2 of Article 13 of Regulation No 1009/67/EEC, the most favourable purchasing opportunities for molasses on the world market must be determined for a specified frontier crossing point; Whereas it seems appropriate to fix the c.i.f. price for molasses once a week to take the peculiar characteristics of the market in molasses into account and to facilitate business planning by processing industries and the trade; whereas, to this end, the Commission must take all information available to it either directly or through the agency of the Member States into account; whereas, to ensure objectivity and that the c.i.f. prices to be calculated are representative, certain information must be disregarded when c.i.f. prices are being calculated, particularly if the quantities involved are small or if the goods are not of sound and fair marketable quality; whereas, since offer prices for molasses often imply terms other than delivery c.i.f. Rotterdam, provision must be made for an adjustment; Whereas if prices which are representative of the actual market trend are to be taken into account for the purpose of determining the most favourable purchasing opportunities on the world market, particularly where only limited information is available, the Commission should be free to base its calculations on an average obtained from several prices; Whereas to avoid disturbances of the Community market by sudden and considerable alterations in the levy which do not reflect actual price movements on the world market, the Commission should be able, in certain circumstances and for a limited period, to leave a c.i.f. price unchanged as an exceptional measure; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar; HAS ADOPTED THIS REGULATION:
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