Commission Regulation (EC) No 1263/2001

of 27 June 2001

fixing the derived intervention prices for white sugar for the 2001/02 marketing year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 1260/2001 of 19 June 2001 on the common organisation of the markets in the sugar sector(1), and in particular Article 2(4) thereof,

Whereas:

(1) Regulation (EC) No 1260/2001 fixes the intervention price for white sugar for non-deficit areas at EUR 63,19/100 kg for the 2001/02 to 2005/06 marketing years.

(2) Article 2(1)(b) of Regulation (EC) No 1260/2001 provides that derived intervention prices for white sugar are to be fixed for each deficit area each year. When those prices are fixed, account is to be taken of the regional variations in the price of sugar, which, given a normal harvest and free movement of sugar, may be expected to occur under natural conditions of price formation on the market and in view of experience gained and the costs of transporting sugar from surplus areas to deficit areas.

(3) The areas of production in Ireland, the United Kingdom, Spain, Portugal and Finland are likely to be deficit areas.

(4) The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar,

HAS ADOPTED THIS REGULATION:

Article 1

The derived intervention prices for white sugar in the deficit areas of the Community shall be:

(a) EUR 64,65/100 kg for all areas in Ireland and the United Kingdom;

(b) EUR 64,65/100 kg for all areas in Portugal;

(c) EUR 64,65/100 kg for all areas in Finland;

(d) EUR 64,88/100 kg for all areas in Spain.

Article 2

This Regulation shall enter into force on 1 July 2001.

It shall apply for the 2001/02 marketing year.

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

Done at Brussels, 27 June 2001.

For the Commission

Franz Fischler

Member of the Commission

(1) See page 1 of this Official Journal.