EN OfficialJournaloftheEuropeanCommunities 30.10.1999 L280/5
COMMISSION REGULATION (EC) No 2296/1999
of 29 October 1999
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
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 1554/95requiresaworldmarketpriceforunginnedcottontobeperiodically determined from the world market pricedetermined for ginned cotton, using the historical rela-tionshipbetweenthetwopricesasspecifiedinArticle1(2) of Commission Regulation (EEC) No 1201/89 of 3May 1989 laying down rules for implementing thesystem of aid for cotton(
4), as last amended by Regula-
tion (EC) No 1624/1999(5); whereas if it cannot be
determinedinthiswayitistobebasedonthelastpricedetermined;
(2)Whereas Article 4 of Regulation (EC) No 1554/95requires the world market price for ginned cotton to bedeterminedforaproductofspecificcharacteristicsusingthe 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 second subparagraph of Article 5(3a) ofRegulation (EC) No 1554/95 stipulates that the advancepaymentratefortheaidistobetheguidepricelesstheworldmarketpriceandlessafurtheramountcalculatedby the formula applicable when the guaranteedmaximum quantity is overrun but with a 15% increaseintheestimateforunginnedcottonproduction;whereasCommission Regulation (EC) No 1870/1999(
6) deter-
mined estimated production for the 1999/2000marketing year; whereas application of these rules givesthe advance payment rates for each Member State in-dicated hereunder,
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 at20,464 EUR/100 kg.
2. AdvancepaymentoftheaidasindicatedinArticle5(3a),
secondsentence,ofRegulation(EC)No1554/95shallbeattherate of:
— EUR 43,103 kg in Spain,— EUR 42,784 kg in Greece,— EUR 85,836 kg in other Member States.
Article 2
This Regulation shall enter into force on 1 November 1999.
(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 230, 31.8.1999, p. 3.
EN OfficialJournaloftheEuropeanCommunities 30.10.1999 L280/6
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 29 October 1999.
For the Commission
Franz FISCHLER
Member of the Commission