CELEX: 32001R0119
Language: en
Date: 2001-01-19 00:00:00
Title: Commission Regulation (EC) No 119/2001 of 19 January 2001 determining the world market price for unginned cotton and the rate for the aid

L 19/20                EN                     Official Journal of the European Communities                                     20.1.2001
                                          COMMISSION REGULATION (EC) No 119/2001
                                                           of 19 January 2001
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                      ments to reflect differences in product quality and the
                                                                                 nature of offers and quotations. These adjustments are
                                                                                 specified in Article 2 of Regulation (EEC) No 1201/89.
Having regard to the Treaty establishing the European
Community,                                                               (3)     Application of the above rules gives the world market
                                                                                 price for unginned cotton indicated hereunder.
                                                                         (4)     The second subparagraph of Article 5(3a) of Regulation
Having regard to the Act of Accession of Greece, and in                          (EC) No 1554/95 stipulates that the advance payment
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last                  rate for the aid is to be the guide price less the world
amended by Council Regulation (EC) No 1553/95 (1),                               market price and less a further amount calculated by the
                                                                                 formula applicable when the guaranteed maximum
                                                                                 quantity is based on the revised production estimate for
                                                                                 unginned cotton plus at least 7,5 %. Commission Regu-
Having regard to Council Regulation (EC) No 1554/95 of 29                        lation (EC) No 2714/2000 (6) fixes the revised produc-
June 1995 (2) laying down general rules for the system of aid                    tion estimate for the 2000/2001 marketing year, and the
for cotton and repealing Regulation (EEC) No 2169/81, as last                    relevant percentage increase. The application of this
amended by Regulation (EC) No 1419/98 (3), and in particular                     method results in the fixing of the advance payment rate
Articles 3, 4 and 5 thereof,                                                     for each Member State at the levels set out below,
Whereas:
                                                                         HAS ADOPTED THIS REGULATION:
(1)     Article 3 of Regulation (EC) No 1554/95 requires a
        world market price for unginned cotton to be period-
        ically determined from the world market price deter-
        mined for ginned cotton, using the historical
        relationship between the two prices as specified in                                            Article 1
        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             1.     The world market price for unginned cotton as indicated
        Regulation (EC) No 1624/1999 (5). If it cannot be deter-         in Article 3 of Regulation (EC) No 1554/95 is set at
        mined in this way it is to be based on the last price            36,495 EUR/100 kg.
        determined.
                                                                         2.     The advance payment of the aid referred to in Article
                                                                         5(3a), second subparagraph, of Regulation (EC) No 1554/95 is
                                                                         fixed at:
(2)     Article 4 of Regulation (EC) No 1554/95 requires the
        world market price for ginned cotton to be determined            — 55,242 EUR/100 kg in Spain,
        for a product of specific characteristics using the most
        favourable offers and quotations on the world market of          — 30,793 EUR/100 kg in Greece,
        those considered representative of the real market trend.
                                                                         — 69,805 EUR/100 kg in other Member States.
        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 European port from the supplier
        countries considered most representative as regards
        international trade. These rules for determination of the
        world market price for ginned cotton provide for adjust-                                       Article 2
(1) OJ L  148, 30.6.1995, p. 45.
(2) OJ L  148, 30.6.1995, p. 48.                                         This Regulation shall enter into force on 20 January 2001.
(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 313, 13.12.2000, p. 7.
 ---pagebreak--- 20.1.2001  EN                     Official Journal of the European Communities                           L 19/21
          This Regulation shall be binding in its entirety and directly applicable in all Member States.
          Done at Brussels, 19 January 2001.
                                                                         For the Commission
                                                                           Franz FISCHLER
                                                                     Member of the Commission