EN Official Journal of the European Communities 11. 12. 1999 L 318/3
COMMISSION REGULATION (EC) No 2615/1999
of 10 December 1999
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
particular paragraphs 3 and 10 of Protocol 4 on cotton, as lastamended 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,
(1) Whereas Article 3 of Regulation (EC) No 1554/95requires a world market price for unginned cotton to beperiodically determined from the world market pricedetermined for ginned cotton, using the historicalrelationship between the two prices as specified inArticle 1 (2) of Commission Regulation (EEC) No 1201/89 of 3 May 1989 laying down rules for implementingthe system of aid for cotton (
4), as last amended by
Regulation (EC) No 1624/1999 (5); whereas if it cannot
be determined in this way it is to be based on the lastprice determined;
(2) Whereas Article 4 of Regulation (EC) No 1554/95requires the world market price for ginned cotton to bedetermined for a product of specific characteristics usingthe most favourable offers and quotations on the worldmarket of those considered representative of the realmarket trend; whereas to this end an average is to becalculated of offers and quotations on one or moreEuropean exchanges for a cif product to a North Euro-pean port from the supplier countries considered mostrepresentative as regards international trade; whereasthese rules for determination of the world market pricefor ginned cotton provide for adjustments to reflectdifferences in product quality and the nature of offersand quotations; whereas these adjustments are specified
in Article 2 of Regulation (EEC) No 1201/89;
(3) Whereas application of the above rules gives the worldmarket price for unginned cotton indicated hereunder;
(4) Whereas the first subparagraph of Article 5(3a) of Regu-lation (EC) No 1554/95 stipulates that the advancepayment rate for the aid is to be the guide price less theworld market price and less a further amount calculatedby the formula applicable when the guaranteedmaximum quantity is overrun but with a 15 % increasein the estimate for unginned cotton production; whereasCommission Regulation (EC) No 1870/1999 (
6) deter-
mined estimated production for the 1999/2000marketing year;
(5) Whereas the second subparagraph of Article 5(3a) ofRegulation (EG) No 1554/95 stipulates that form 16December 1999 the advance payment rate for the aidreferred to above is replaced by a revised amount calcu-lated using the same method but based on the revisedproduction estimate for unginned cotton fixed inaccordance with Article 8(2), plus at least 7,5 %.Commission Regulation (EC) No 2606/1999 (
7) fixes the
revised production estimate for unginned cotton for the1999/2000 marketing year, and the relevant percentageincrease;
(6) Whereas the application of one and the same calculationmethod on two different bases, one of which replacesthe other from 16 December 1999, results in the fixingof the advance payment rate for each Member State atthe 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 at19,751 EUR/100 kg.
(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. (6) OJ L 230, 31.8.1999, p. 3.
(5) OJ L 192, 24.7.1999, p. 39. (7) OJ L 316, 10.12.1999, p. 36.
EN Official Journal of the European Communities 11. 12. 1999 L 318/4
2. From 11 December 1999 to 15 December 1999 the advance payment of the aid referred to in Article
5(3a), first subparagraph, of Regulation (EC) No 1554/95 shall be:
— 43,816 EUR/100 kg in Spain,— 43,497 EUR/100 kg in Greece,— 86,549 EUR/100 kg in other Member States.
From 16 December 1999 the advance shall be:
— 50,088 EUR/100 kg in Spain,— 46,155 EUR/100 kg in Greece,— 86,549 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 11 December 1999.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 10 December 1999.
For the Commission
Franz FISCHLER
Member of the Commission