CELEX: 32000R0119
Language: en
Date: 2000-01-19 00:00:00
Title: Commission Regulation (EC) No 119/2000 of 19 January 2000 determining the world market price for unginned cotton and the rate for the aid

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,                             (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
Having regard to the Treaty establishing the European                           without delay;
Community,
                                                                        (4)     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),                      (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 the formula applicable when the guaranteed
Having regard to Council Regulation (EC) No 1554/95 of 29                       maximum quantity based on the revised production esti-
June 1995 (2) laying down general rules for the system of aid                   mate for unginned cotton plus at least 7,5 %; Commis-
for cotton and repealing Regulation (EEC) No 2169/81, as last                   sion Regulation (EC) No 2606/1999 (6) fixes the produc-
amended by Regulation (EC) No 1419/98 (3), and in particular                    tion estimate for the 1999/2000 marketing year, and the
Articles 3, 4 and 5 thereof,                                                    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,
(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             HAS ADOPTED THIS REGULATION:
        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                                       Article 1
        price determined;
                                                                        1.     The world market price for unginned cotton as indicated
                                                                        in Article 3 of Regulation (EC) No 1554/95 is set at
                                                                        21,576 EUR/100 kg.
(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      2.     The advance payment of the aid referred to in Article
        the most favourable offers and quotations on the world          5(3a), second subparagraph, of Regulation (EC) No 1554/95 is
        market of those considered representative of the real           fixed at:
        market trend; whereas to this end an average is to be
        calculated of offers and quotations on one or more              — 48,263 EUR/100 kg in Spain,
        European exchanges for a cif product to a North Euro-
        pean port from the supplier countries considered most           — 44,330 EUR/100 kg in Greece,
        representative as regards international trade; whereas          — 84,724 EUR/100 kg in other Member States.
        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;                                                  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 2000.
(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 316, 10.12.1999, p. 36.
 ---pagebreak--- 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