Commission Regulation (EC) No 2615/1999 of 10 December 1999 determining the world market price for unginned cotton and the rate for the aid
Date: 1999-12-10
Institutions: European Commission
Subjects: EU Member State, Greece, Spain, cotton, production aid, world market price

11. 12. 1999

EN

Official Journal of the European Communities

L 318/3

COMMISSION REGULATION (EC) No 2615/1999

of 10 December 1999

determining the world market price for unginned cotton and the rate for the aid

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

and quotations; whereas these adjustments are specified
in Article 2 of Regulation (EEC) No 1201/89;

Having regard to the Treaty establishing the European
Community,

(3) Whereas application of the above rules gives the world
market price for unginned cotton indicated hereunder;

Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last
amended 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 last
amended by Regulation (EC) No 1419/98 (3), and in particular
Articles 3, 4 and 5 thereof,

(1) Whereas Article 3 of Regulation (EC) No 1554/95
requires a world market price for unginned cotton to be
periodically determined from the world market price
determined for ginned cotton, using the historical
relationship between the two prices as specified in
Article 1 (2) of Commission Regulation (EEC) No 1201/
89 of 3 May 1989 laying down rules for implementing
the 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 last
price determined;

(2) Whereas Article 4 of Regulation (EC) No 1554/95
requires the world market price for ginned cotton to be
determined for a product of specific characteristics using
the most favourable offers and quotations on the world
market of those considered representative of the real
market trend; whereas to this end an average is to be
calculated of offers and quotations on one or more
European exchanges for a cif product to a North Euro-
pean port from the supplier countries considered most
representative as regards international
trade; whereas
these rules for determination of the world market price
for ginned cotton provide for adjustments to reflect
differences in product quality and the nature of offers

(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.

(4) Whereas the first subparagraph of Article 5(3a) of Regu-
lation (EC) No 1554/95 stipulates that
the advance
payment rate for the aid is to be the guide price less the
world market price and less a further amount calculated
by
guaranteed
maximum quantity is overrun but with a 15 % increase
in the estimate for unginned cotton production; whereas
Commission Regulation (EC) No 1870/1999 (6) deter-
the 1999/2000
mined
marketing year;

estimated production for

applicable when the

formula

the

(5) Whereas the second subparagraph of Article 5(3a) of
Regulation (EG) No 1554/95 stipulates that form 16
December 1999 the advance payment rate for the aid
referred to above is replaced by a revised amount calcu-
lated using the same method but based on the revised
production estimate for unginned cotton fixed in
accordance with Article 8(2), plus at
least 7,5 %.
Commission Regulation (EC) No 2606/1999 (7) fixes the
revised production estimate for unginned cotton for the
1999/2000 marketing year, and the relevant percentage
increase;

(6) Whereas the application of one and the same calculation
method on two different bases, one of which replaces
the other from 16 December 1999, results in the fixing
of the advance payment rate for each Member State at
the levels set out below,

HAS ADOPTED THIS REGULATION:

Article 1

The world market price for unginned cotton as indicated
set at

1.
in Article 3 of Regulation (EC) No 1554/95 is
19,751 EUR/100 kg.

(6) OJ L 230, 31.8.1999, p. 3.
(7) OJ L 316, 10.12.1999, p. 36.

L 318/4

EN

Official Journal of the European Communities

11. 12. 1999

From 11 December 1999 to 15 December 1999 the advance payment of the aid referred to in Article

2.
5(3a), first subparagraph, of Regulation (EC) No 1554/95 shall be:
— 43,816 EUR/100 kg in Spain,
— 43,497 EUR/100 kg in Greece,
— 86,549 EUR/100 kg in other Member States.

From 16 December 1999 the advance shall be:
— 50,088 EUR/100 kg in Spain,
— 46,155 EUR/100 kg in Greece,
— 86,549 EUR/100 kg in other Member States.

This Regulation shall enter into force on 11 December 1999.

Article 2

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 10 December 1999.

For the Commission

Franz FISCHLER

Member of the Commission