EN OfficialJournaloftheEuropeanCommunities 21.10.2000 L269/32
COMMISSION REGULATION (EC) No 2340/2000
of 20 October 2000
determiningthe world market price for ung inned 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
forcottonandrepealingRegulation(EEC)No2169/81,aslastamendedbyRegulation(EC)No1419/98(
3),andinparticular
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 period-ically determined from the world market price deter-mined for ginned cotton, using the historicalrelationship between the two prices as specified inArticle1(2)ofCommissionRegulation(EEC)No1201/89of3May1989layingdownrulesforimplementingthe 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 theworldmarketpriceforginnedcottontobedeterminedfor a product of specific characteristics using the mostfavourableoffersandquotationsontheworldmarketofthoseconsideredrepresentativeoftherealmarkettrend.TothisendanaverageistobecalculatedofoffersandquotationsononeormoreEuropeanexchangesforacifproduct to a North European port from the suppliercountries considered most representative as regardsinternationaltrade.Theserulesfordeterminationoftheworldmarketpriceforginnedcottonprovideforadjust-ments to reflect differences in product quality and the
nature of offers and quotations; whereas these adjust-mentsarespecifiedinArticle2ofRegulation(EEC)No1201/89.
(3)Application of the above rules gives the world marketprice for unginned cotton indicated hereunder.
(4)The first 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 production estimated forunginnedcottonplusatleast15%.CommissionRegula-tion (EC) No 1842/2000(
6) fixes the production esti-
mated for the 2000/2001 marketing year. The applica-tionofthismethodresultsinthefixingoftheadvancepaymentrateforeachMemberStateatthelevelssetoutbelow,
HAS ADOPTED THIS REGULATION:
Article 1
1. Theworldmarketpriceforunginnedcottonasindicated
in Article 3 of Regulation (EC) No 1554/95 is set at38,981 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:
— 41,807 EUR/100 kg in Spain,— 22,779 EUR/100 kg in Greece,— 67,319 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 21 October 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 220, 31.8.2000, p. 14.
EN OfficialJournaloftheEuropeanCommunities 21.10.2000 L269/33
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMemberStates.
Done at Brussels, 20 October 2000.
For the Commission
Franz FISCHLER
Member of the Commission