Commission Regulation (EC) No 119/2000 of 19 January 2000 determining the world market price for unginned cotton and the rate for the aid
Date: 2000-01-19
Institutions: European Commission
Subjects: cotton, production aid, world market price

L 14/22

EN

Official Journal of the European Communities

20. 1. 2000

COMMISSION REGULATION (EC) No 119/2000

of 19 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 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
trade; whereas
representative as regards international
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
and quotations; whereas these adjustments are specified
in Article 2 of Regulation (EEC) No 1201/89;

(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.

(3) Whereas the world market price for unginned cotton
has been affected by major disturbance since it was last
determined; pursuant to the second subparagraph of
Article 1(1) of Commission Regulation (EC) No 1201/
89,
the Commission should change it accordingly
without delay;

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

the

formula

(5) Whereas the second subparagraph of Article 5(3a) of
Regulation (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 based on the revised production esti-
mate for unginned cotton plus at least 7,5 %; Commis-
sion Regulation (EC) No 2606/1999 (6) fixes the produc-
tion estimate for the 1999/2000 marketing year, and the
relevant percentage increase; whereas the application of
this method results in the fixing of the advance payment
rate for each Member State at the levels set out below,

applicable when the

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
21,576 EUR/100 kg.

2.
The advance payment of the aid referred to in Article
5(3a), second subparagraph, of Regulation (EC) No 1554/95 is
fixed at:

— 48,263 EUR/100 kg in Spain,

— 44,330 EUR/100 kg in Greece,

— 84,724 EUR/100 kg in other Member States.

Article 2

This Regulation shall enter into force on 20 January 2000.

(6) OJ L 316, 10.12.1999, p. 36.

20. 1. 2000

EN

Official Journal of the European Communities

L 14/23

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

Done at Brussels, 19 January 2000.

For the Commission

Franz FISCHLER

Member of the Commission