NoL311/50fENl OfficialJournaloftheEuropeanCommunities 30.11.96
COMMISSION REGULATION (EC)No2306/96
of29November 1996
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,
HASADOPTED THISREGULATION :
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
ECU32,950per100kilograms .
2.AdvancepaymentoftheaidasindicatedinArticle5
(3)ofRegulation(EC)No1554/95shallbeattherateof:
—ECU61,657per100kilogramsinSpain,
—ECU31,149per100kilogramsinGreece,WhereasArticle4ofRegulation (EC)No1554/95
requirestheworldmarketpriceforginnedcottontobe
determinedforaproductofspecificcharacteristics using
themostfavourableoffersandquotationsontheworld
marketofthoseconsideredrepresentative ofthereal
markettrend;whereastothisendanaverageistobe
calculatedofoffersandquotationsononeormoreEuro­
peanexchangesforacifproducttoaNorthEuropean
portfromthesuppliercountriesconsideredmostrepre­
sentativeasregardsinternationaltrade;whereasthese
rulesfordetermination oftheworldmarketpricefor
ginnedcottonprovideforadjustmentstoreflectdif­—ECU73,350per100kilogramsinotherMember
States.
Article2
ThisRegulationshallenterintoforceon1December
1996.(')OJNoL148,30.6.1995,p.45.
(2)OJNoL148,30.6.1995,p.48.0OJNoL206,16.8.1996,p.16.
(4)OJNoL123,4.5.1989,p.23.
5OJNoL207,17.8.1996,p.3. (6)OJNoL217,28.8.1996,p.1.

30.11.96EN OfficialJournaloftheEuropeanCommunities NoL311/51
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29November1996.
FortheCommission
FranzFISCHLER
MemberoftheCommission