1.11.96ENJ OfficialJournaloftheEuropeanCommunities NoL282/31
COMMISSION REGULATION (EC)No2097/96
of31October1996
determiningtheworldmarketpriceforunginnedcottonandtheratefortheaid
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
Community ,ferencesinproductqualityandthenatureofoffersand
quotations;whereastheseadjustmentsarespecifiedin
Article2ofRegulation(EEC)No1201/89;
Whereasapplicationoftheaboverulesgivestheworld
marketpriceforunginnedcottonindicatedhereunder;
WhereasArticle5(3)ofRegulation(EC)No1554/95
stipulatesthattheadvancepaymentratefortheaidisto
betheguidepricelesstheworldmarketpriceandlessa
furtheramountcalculatedbytheformulaapplicablewhen
theguaranteedmaximumquantityisoverunbutwitha
15%increaseintheestimateforunginnedcotton
production;whereasCommissionRegulation (EC)No
1683/96(6)determinedestimatedproductionforthe
1996/97marketingyear;whereasapplicationofthese
rulesgivestheadvancepaymentratesforeachMember
Stateindicatedhereunder ,HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton,as
lastamendedbyCouncilRegulation(EC)No1553/95('),
HavingregardtoCouncilRegulation(EC)No1554/95of
29June1995(2)layingdowngeneralrulesforthesystem
ofaidforcottonandrepealingRegulation (EEC)No
2169/81,asamendedbyRegulation (EC)No1584/96(3),
andinparticularArticles3,4and5thereof,
HASADOPTEDTHISREGULATION :
Article1WhereasArticle3ofRegulation (EC)No1554/95
requiresaworldmarketpriceforunginnedcottontobe
periodicallydeterminedfromtheworldmarketprice
determinedforginnedcotton,usingthehistoricalrela­
tionshipbetweenthetwopricesasspecifiedinArticle1
(2)ofCommissionRegulation (EEC)No1201/89of3
May1989layingdownrulesforimplementing thesystem
ofaidforcotton(4),aslastamendedbyRegulation (EC)
No1645/96(5);whereasifitcannotbedeterminedinthis
wayitistobebasedonthelastpricedetermined ;1.Theworldmarketpriceforunginnedcottonasindi­
catedinArticle3ofRegulation(EC)No1554/95issetat
ECU32,544per100kilograms.
2.AdvancepaymentoftheaidasindicatedinArticle5
(3)ofRegulation(EC)No1554/95shallbeattherateof:
—ECU62,063per100kilogramsinSpain,
—ECU31,555per100kilogramsinGreece,
—ECU73,756per100kilogramsinotherMember
States.WhereasArticle4ofRegulation (EC)No1554/95
requirestheworldmarketpriceforginnedcottontobe
determinedforaproductofspecificcharacteristics using
themostfavourableoffersandquotationsontheworld
marketofthoseconsideredrepresentative ofthereal
markettrend;whereastothisendanaverageistobe
calculatedofoffersandquotationsononeormoreEuro­
peanexchangesforacifproducttoaNorthEuropean
portfromthesuppliercountriesconsideredmostrepre­
sentativeasregardsinternational trade;whereasthese
rulesfordetermination oftheworldmarketpricefor
ginnedcottonprovideforadjustmentstoreflectdif­Article2
ThisRegulationshallenterintoforceon1November
1996.')OJNoL148,30.6.1995,p.45.
2)OJNoL148,30.6.1995,p.48.
■')OJNoL206,16.8.1996,p.16.
4)OJNoL123,4.5.1989,p.23.
')OJNoL207,17.8.1996,p.3. (6)OJNoL217,28.8.1996,p.1.

NoL282/32EN OfficialJournaloftheEuropeanCommunities 1.11.96
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31October1996.
FortheCommission
FranzFISCHLER
MemberoftheCommission