CELEX: 32000R0512
Language: en
Date: 2000-03-09 00:00:00
Title: Commission Regulation (EC) No 512/2000 of 9 March 2000 determining the world market price for unginned cotton and the rate for the aid

L 63/14                EN                     Official Journal of the European Communities                                      10.3.2000
                                          COMMISSION REGULATION (EC) No 512/2000
                                                            of 9 March 2000
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                      ments are specified in Article 2 of Regulation (EEC) No
                                                                                 1201/89.
                                                                         (3)     The world market price for unginned cotton has been
Having regard to the Treaty establishing the European
                                                                                 affected by major disturbance since it was last deter-
Community,
                                                                                 mined; pursuant to the second subparagraph of Article
                                                                                 1(1) of Commission Regulation (EC) No 1201/89, the
                                                                                 Commission should change it accordingly without delay.
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last          (4)     Application of the above rules gives the world market
amended by Council Regulation (EC) No 1553/95 (1),                               price for unginned cotton indicated hereunder.
                                                                         (5)     The second subparagraph of Article 5(3a) of Regulation
Having regard to Council Regulation (EC) No 1554/95 of 29                        (EC) No 1554/95 stipulates that the advance payment
June 1995 (2) laying down general rules for the system of aid                    rate for the aid is to be the guide price less the world
for cotton and repealing Regulation (EEC) No 2169/81, as last                    market price and less a further amount calculated by the
amended by Regulation (EC) No 1419/98 (3), and in particular                     formula applicable when the guaranteed maximum
Articles 3, 4 and 5 thereof,                                                     quantity based on the revised production estimate for
                                                                                 unginned cotton plus at least 7,5 %. Commission Regu-
                                                                                 lation (EC) No 2606/1999 (6) fixes the production esti-
                                                                                 mate for the 1999/2000 marketing year, and the rele-
                                                                                 vant percentage increase. The application of this method
Whereas:                                                                         results in the fixing of the advance payment rate for
                                                                                 each Member State at the levels set out below,
(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                    HAS ADOPTED THIS REGULATION:
        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). If it cannot be deter-                                      Article 1
        mined in this way it is to be based on the last price
        determined.
                                                                         1.     The world market price for unginned cotton as indicated
                                                                         in Article 3 of Regulation (EC) No 1554/95 is set at
                                                                         32,187 EUR/100 kg.
(2)     Article 4 of Regulation (EC) No 1554/95 requires the
        world market price for ginned cotton to be determined            2.     The advance payment of the aid referred to in Article
        for a product of specific characteristics using the most         5(3a), second subparagraph, of Regulation (EC) No 1554/95 is
        favourable offers and quotations on the world market of          fixed at:
        those considered representative of the real market trend.
        To this end an average is to be calculated of offers and         — 37,652 EUR/100 kg in Spain,
        quotations on one or more European exchanges for a cif           — 33,719 EUR/100 kg in Greece,
        product to a North European port from the supplier
        countries considered most representative as regards              — 74,113 EUR/100 kg in other Member States.
        international trade. These rules for determination of the
        world market price for ginned cotton provide for adjust-
        ments to reflect differences in product quality and the
        nature of offers and quotations; whereas these 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 10 March 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--- 10.3.2000  EN                     Official Journal of the European Communities                           L 63/15
          This Regulation shall be binding in its entirety and directly applicable in all Member States.
          Done at Brussels, 9 March 2000.
                                                                         For the Commission
                                                                           Franz FISCHLER
                                                                     Member of the Commission