EN Official Journal of the European Communities 1. 2. 2000 L 25/20
COMMISSION REGULATION (EC) No 246/2000
of 31 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,
Whereas:
(1)Article 3 of Regulation (EC) No 1554/95 requires a
world market price for unginned cotton to be periodi-cally determined from the world market price deter-mined 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)Article 4 of Regulation (EC) No 1554/95 requires theworld market price for ginned cotton to be determinedfor a product of specific characteristics using the mostfavourable offers and quotations on the world market ofthose considered representative of the real market trend;whereas to this end an average is to be calculated ofoffers and quotations on one or more Europeanexchanges for a cif product to a North European portfrom the supplier countries considered most repres-entative as regards international trade; whereas theserules for determination of the world market price forginned cotton provide for adjustments to reflect differ-
ences in product quality and the nature of offers andquotations; whereas these adjustments are specified inArticle 2 of Regulation (EEC) No 1201/89.
(3)Application of the above rules gives the world marketprice for unginned cotton indicated hereunder.
(4)The second 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 worldmarket price and less a further amount calculated by theformula applicable when the guaranteed maximumquantity based on the revised production estimate forunginned cotton plus at least 7,5 %; Commission Regu-lation (EC) No 2606/1999 (
6) fixes the production esti-
mate for the 1999/2000 marketing year, and the rele-vant percentage increase; whereas the application of thismethod results in the fixing of the advance payment ratefor 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 at26,465 EUR/100 kg.
2. The advance payment of the aid referred to in Article
5(3a), second subparagraph, of Regulation (EC) No 1554/95 isfixed at:
— 43,374 EUR/100 kg in Spain,— 39,441 EUR/100 kg in Greece,— 79,835 EUR/100 kg in other Member States.
Article 2
This Regulation shall enter into force on 1 February 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 1. 2. 2000 L 25/21
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 31 January 2000.
For the Commission
Franz FISCHLER
Member of the Commission