EN Official Journal of the European Communities 11. 1. 2000 L 6/21
COMMISSION REGULATION (EC) No 54/2000
of 10 January 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
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 offers
and quotations; whereas these adjustments are specifiedin 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 based on the revised production esti-mate for unginned cotton plus at least 7,5 %; Commis-sion Regulation (EC) No 2606/1999 (
6) fixes the produc-
tion estimate for the 1999/2000 marketing year, and therelevant percentage increase; whereas the application ofthis method results in the fixing of the advance paymentrate for each Member State at the levels set out below,
HASADOPTED THISREGULATION:
Article 1
1. The world market price for unginned cotton as indicated
in Article 3 of Regulation (EC) No 1554/95 is set at19,674 EUR/100 kg.
2. The advance payment of the aid referred to in Article
5(3a), first subparagraph, of Regulation (EC) No 1554/95 isfixed at:
— 50,165 EUR/100 kg in Spain,— 46,232 EUR/100 kg in Greece,— 86,626 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 11 January 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 Official Journal of the European Communities 11. 1. 2000 L 6/22
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 10 January 2000.
For the Commission
Franz FISCHLER
Member of the Commission