No L 197/12 Official Journal of the European Communities 30. 7. 94 COUNCIL REGULATION (EC) No 1874/94 of 27 July 1994 ' fixing, for the 1994/95 marketing year, the derived intervention prices for white sugar, the invervention price for raw sugar, the minimum prices for A and B beet, the threshold prices and the amount of compensation for storage costs THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of the markets in the sugar sector (1), and in particular Article 3 (5), Article 5 (5), Article 8 (4) and Article 14 (5) thereof, Having regard to the proposal from the Commission (2), Whereas Council Regulation (EC) No 1873/94 of 27 July 1994 fixing, for the 1994/95 marketing year, certain sugar prices and the standard quality of beet (3), fixed the intervention price for white sugar at ECU 52,33 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 in the- price of sugar, 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, the United Kingdom, Spain and Portugal; 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 1873/94 fixed the basic price for beet at ECU 39,48 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 (1) OJ No L 177, 1. 7. 1981, p. 4. Regulation as last amended by Regulation (EC) No 133/94 (O] No L 22, 27. 1. 1994, p. 7). (2) O] No C 83, 19. 3. 1994, p. 15. (3) See page 11 of this Official Journal. 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 Article 5 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 (*) 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, insurance costs and specific storage costs, HAS ADOPTED THIS REGULATION: Article 1 For the deficit areas of the Community, the derived " intervention price for white sugar shall be fixed, per 100 kilograms, at: (4)-OJ No L 156, 25. 6. 1977, p. 4. Regulation as last amended by Regulation (EEC) No 3042/78 (O] No L 361, 23. 12. 1978, p. 8).