EN OfficialJournaloftheEuropeanCommunities 1.3.2000 L56/28
COMMISSION REGULATION (EC) No 460/2000
of 29 February 2000
determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European
Community,
Having regard to the Act of Accession of Greece, and in
particularparagraphs3and10ofProtocol4oncotton,aslastamended by Council Regulation (EC) No 1553/95(
1),
Having regard to Council Regulation (EC) No 1554/95 of 29
June 1995(2) laying down general rules for the system of aid
for cotton and repealing Regulation (EEC) No 2169/81, as lastamended by Regulation (EC) No 1419/98(
3), and in particular
Articles 3, 4 and 5 thereof,
Whereas:
(1)Article 3 of Regulation (EC) No 1554/95 requires a
world market price for unginned cotton to be periodi-cally determined from the world market price deter-mined for ginned cotton, using the historicalrelationship between the two prices as specified inArticle1(2)ofCommissionRegulation(EEC)No1201/89 of 3 May 1989 laying down rules for implementingthe system of aid for cotton(
4), as last amended by
Regulation(EC)No1624/1999(5).Ifitcannotbedeter-
mined in this way it is to be based on the last pricedetermined.
(2)Article 4 of Regulation (EC) No 1554/95 requires theworld market price for ginned cotton to be determinedfor a product of specific characteristics using the mostfavourableoffersandquotationsontheworldmarketofthoseconsideredrepresentativeoftherealmarkettrend;whereas to this end an average is to be calculated ofoffers and quotations on one or more Europeanexchanges for a cif product to a North European portfrom the supplier countries considered most repres-entative as regards international trade. These rules fordetermination of the world market price for ginnedcotton provide for adjustments to reflect differences in
product quality and the nature of offers and quotations;whereas these adjustments are specified in Article 2 ofRegulation (EEC) No 1201/89.
(3)Application of the above rules gives the world marketprice for unginned cotton indicated hereunder.
(4)The second subparagraph of Article 5(3a) of Regulation(EC) No 1554/95 stipulates that the advance paymentrate for the aid is to be the guide price less the worldmarketpriceandlessafurtheramountcalculatedbytheformula applicable when the guaranteed maximumquantity based on the revised production estimate forunginned cotton plus at least 7,5%. Commission Regu-lation (EC) No 2606/1999(
6) fixes the production esti-
mate for the 1999/2000 marketing year, and the rele-vantpercentageincrease;whereastheapplicationofthismethodresultsinthefixingoftheadvancepaymentratefor each Member State at the levels set out below,
HAS ADOPTED THIS REGULATION:
Article 1
1. The world market price for unginned cotton as indicated
in Article 3 of Regulation (EC) No 1554/95 is set at29,196 EUR/100 kg.
2. The advance payment of the aid referred to in Article
5(3a), second subparagraph, of Regulation (EC) No 1554/95 isfixed at:
— 40,643 EUR/100 kg in Spain,— 36,710 EUR/100 kg in Greece,— 77,104 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 1 March 2000.
(1) OJ L 148, 30.6.1995, p. 45.
(2) OJ L 148, 30.6.1995, p. 48.
(3) OJ L 190, 4.7.1998, p. 4.
(4) OJ L 123, 4.5.1989, p. 23.
(5) OJ L 192, 24.7.1999, p. 39. (6) OJ L 316, 10.12.1999, p. 36.
EN OfficialJournaloftheEuropeanCommunities 1.3.2000 L56/29
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 29 February 2000.
For the Commission
Franz FISCHLER
Member of the Commission