EN OfficialJournaloftheEuropeanCommunities 21.3.2000 L72/6
COMMISSION REGULATION (EC) No 602/2000
of 20 March 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)ThesecondsubparagraphofArticle5(3a)ofRegulation(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 forunginnedcottonplusatleast7,5%.CommissionRegu-lation (EC) No 2606/1999(
6) fixes the production esti-
mate for the 1999/2000 marketing year, and the rele-vantpercentageincrease.Theapplicationofthismethodresults in the fixing of the advance payment rate foreach Member State at the levels set out below,
HAS ADOPTED THIS REGULATION:
Article 1
1. Theworldmarketpriceforunginnedcottonasindicated
in Article 3 of Regulation (EC) No 1554/95 is set at32,369 EUR/100 kg.
2. The advance payment of the aid referred to in Article
5(3a),secondsubparagraph,ofRegulation(EC)No1554/95isfixed at:
— 37,470 EUR/100 kg in Spain,— 33,537 EUR/100 kg in Greece,— 73,931 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 21 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 21.3.2000 L72/7
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMemberStates.
Done at Brussels, 20 March 2000.
For the Commission
Franz FISCHLER
Member of the Commission