26.9.2003 Official Journal of the European Union L 240/5 COMMISSION REGULATION (EC) No 1684/2003 of 25 September 2003 fixing the export refunds on white sugar and raw sugar exported in its unaltered state THE COMMISSION OF THE EUROPEAN COMMUNITIES, () The world market situation or the specific requirements 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 ('), amended by Commission Regulation (EC) No 680/2002 (), and in particular the second subparagraph of Article 27(5) thereof, Whereas: (1)  Article 27 of Regulation (EC) No 1260/2001 provides that the difference between quotations or prices on the world market for the products listed in Article 1(1)(a) of that Regulation and prices for those products within the Community may be covered by an export refund. (2)  Regulation (EC) No 1260/2001 provides that when refunds on white and raw sugar, undenatured and exported in its unaltered state, are being fixed account must be taken of the situation on the Community and world markets in sugar and in particular of the price and cost factors set out in Article 28 of that Regulation. The same Article provides that the economic aspect of the proposed exports should also be taken into account. (3)  The refund on raw sugar must be fixed in respect of the standard quality. The latter is defined in Annex I, point II, to Regulation (EC) No 1260/2001. Furthermore, this refund should be fixed in accordance with Article 28(4) of Regulation (EC) No 1260/2001. Candy sugar is defined in Commission Regulation (EC) No 2135/95 of 7 September 1995 laying down detailed rules of applica- tion for the grant of export refunds in the sugar sector (*). The refund thus calculated for sugar containing added flavouring or colouring matter must apply to their sucrose content and, accordingly, be fixed per 1 % of the said content. of certain markets may make it necessary to vary the refund for sugar according to destination. (5) In special cases, the amount of the refund may be fixed by other legal instruments. (6)  The refund must be fixed every two weeks. It may be altered in the intervening period. (7) It follows from applying the rules set out above to the present situation on the market in sugar and in parti- cular to quotations or prices for sugar within the Community and on the world market that the refund should be as set out in the Annex hereto. (8)  Regulation (EC) No 1260/2001 does not make provision to continue the compensation system for storage costs from 1 July 2001. This should accordingly be taken into account when fixing the refunds granted when the export occurs after 30 September 2001. (99 The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar, HAS ADOPTED THIS REGULATION: Atrticle 1 The export refunds on the products listed in Article 1(1)(a) of Regulation (EC) No 1260/2001, undenatured and exported in the natural state, are hereby fixed to the amounts shown in the Annex hereto. Atticle 2 This Regulation shall enter into force on 26 September 2003. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 25 September 2003. " o] () OJ L 104, 20.4.2002, p. 26. () OJ L 214, 8.9.1995, p. 16. L 178, 30.6.2001, p. 1. For the Commission Franz FISCHLER Member of the Commission