CELEX: 31999R2615
Language: en
Date: 1999-12-10 00:00:00
Title: Commission Regulation (EC) No 2615/1999 of 10 December 1999 determining the world market price for unginned cotton and the rate for the aid

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;
                                                                        (3)     Whereas application of the above rules gives the world
Having regard to the Treaty establishing the European                           market price for unginned cotton indicated hereunder;
Community,
                                                                        (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
Having regard to the Act of Accession of Greece, and in                         world market price and less a further amount calculated
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last                 by the formula applicable when the guaranteed
amended by Council Regulation (EC) No 1553/95 (1),                              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-
                                                                                mined estimated production for the 1999/2000
                                                                                marketing year;
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            (5)     Whereas the second subparagraph of Article 5(3a) of
Articles 3, 4 and 5 thereof,                                                    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 %.
(1)     Whereas Article 3 of Regulation (EC) No 1554/95
                                                                                Commission Regulation (EC) No 2606/1999 (7) fixes the
        requires a world market price for unginned cotton to be
                                                                                revised production estimate for unginned cotton for the
        periodically determined from the world market price
                                                                                1999/2000 marketing year, and the relevant percentage
        determined for ginned cotton, using the historical
                                                                                increase;
        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            (6)     Whereas the application of one and the same calculation
        Regulation (EC) No 1624/1999 (5); whereas if it cannot                  method on two different bases, one of which replaces
        be determined in this way it is to be based on the last                 the other from 16 December 1999, results in the fixing
        price determined;                                                       of the advance payment rate for each Member State at
                                                                                the levels set out below,
(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
                                                                        HAS ADOPTED THIS REGULATION:
        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                                       Article 1
        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.     The world market price for unginned cotton as indicated
                                                                        in Article 3 of Regulation (EC) No 1554/95 is set at
(1) OJ L  148, 30.6.1995, p. 45.                                        19,751 EUR/100 kg.
(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.                                         (6) OJ L 230, 31.8.1999, p. 3.
(5) OJ L  192, 24.7.1999, p. 39.                                        (7) OJ L 316, 10.12.1999, p. 36.
 ---pagebreak--- L 318/4         EN                     Official Journal of the European Communities                           11. 12. 1999
        2.    From 11 December 1999 to 15 December 1999 the advance payment of the aid referred to in Article
        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.
                                                           Article 2
        This Regulation shall enter into force on 11 December 1999.
               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