Chapter 3, Article 25 · Commission Implementing Regulation (EU) 2023/2834

Contents

Article 25Determination of CIF representative prices for molasses#

1.The Commission shall determine the CIF representative prices for molasses on the basis of the most favourable purchasing opportunities on the world market.

2.When establishing the most favourable purchasing opportunities on the world market, the Commission shall take in to account the relevant information available to it, in particular:

(a)offers on the world market;

(b)sales concluded in international trade.

3.Paragraph 2 shall not apply where:

(a)the molasses are not of sound and fair marketable quality; or

(b)if the possibility of obtaining molasses at the price indicated in the offer relates only to a small quantity which is not representative of the market; or

(c)if the general trend of prices or the information available to the Commission leads the Commission to assume that the price indicated in the offer is not representative of actual market trends.

4.When establishing the most favourable purchasing opportunities on the world market, the Commission may take an average of several prices as a basis, provided that this average can be regarded as being representative of actual market trends.

5.Representative prices for molasses on the world market or on the Union import market as referred to Article 182(3) of Regulation (EU) No 1308/2013 shall mean the CIF representative prices established in accordance with this Article.

6.The CIF representative prices shall be fixed for each marketing year in accordance with the procedure referred to in Article 183 of Regulation (EU) No 1308/2013. The Commission may amend them during that period if the fluctuation in the elements of the calculation produces a rise or fall of EUR 1,5 per 100 kilograms or more in relation to the CIF representative prices fixed previously.