CELEX: 31996R0370
Language: en
Date: 1996-02-29 00:00:00
Title: COMMISSION REGULATION (EC) No 370/96 of 29 February 1996 setting the world market price for unginned cotton

1 . 3 . 96          EN               Official Journal of the European Communities                             No L 51 / 17
                                       COMMISSION REGULATION (EC) No 370/96
                                                      of 29 February 1996
                                   setting the world market price for unginned cotton
   THE COMMISSION OF THE EUROPEAN COMMUNITIES,                     and by using the most favourable offers and quotations of
                                                                   those considered representative of the real market trend;
   Having regard to the Treaty establishing the European
                                                                   whereas for this purpose an average is to be established of
   Community,
                                                                   the offers and quotations on one or more European
   Having regard to the Act of Accession of Greece, and in         exchanges for deliveries cif to north European ports of
   particular paragraphs 3 and 10 of Protocol 4 on cotton          cotton from the various supplier countries considered
   annexed thereto, as last amended by Council Regulation          most representative as regards international trade; whereas
  (EC) No 1553/95 ('),                                             these rules for determination of the world market price
                                                                   for ginned cotton provide for adjustment to reflect diffe­
   Having regard to Council Regulation (EC) No 1554/95 of          rences in product quality and the nature of offers and
  29 June 1995 laying down general rules for the system of         quotations; whereas these adjustments are specified in
  aid for cotton and repealing Regulation (EEC) No                 Article 2 of Regulation (EEC) No 1201 /89;
  2169/81 (2), and in particular Articles 3 and 4 thereof,
  Whereas Article 3 of Regulation (EC) No 1554/95                  Whereas application of the above rules gives the world
                                                                   market price for unginned cotton specified hereunder,
  requires a world market price for unginned cotton to be
  determined periodically from the world market price
  recorded for ginned cotton, using the historical relation­
  ship between the ginned cotton and that calculated for           HAS ADOPTED THIS REGULATION :
  unginned cotton; whereas this historical relationship was
  specified in Article 1 (2) of Commission Regulation (EEC)                                Article 1
  No 1201 /89 of 3 May 1989 laying down rules implement­
  ing the system of aid for cotton (3), as last amended by        The world market price for unginned cotton as indicated
  Regulation (EC) No 2878/95 (4); whereas in cases where          in Article 3 of Regulation (EC) No 1554/95 is set at ECU
  the world market price cannot be thus determined it is to       34,569 per 100 kilograms.
  be based on the last price determined;
  Whereas pursuant to Article 4 of Regulation (EC) No                                      Article 2
  1554/95 the world market price for ginned cotton is
  determined for a product meeting certain characteristics        This Regulation shall enter into force on 1 March 1996.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 29 February 1996.
                                                                           For the Commission
                                                                              Franz FISCHLER
                                                                       Member of the Commission
(') OJ No L 148 , 30 . 6. 1995, p. 45.
 2 OJ No L 148 , 30 . 6. 1995, p. 48 .
(3) OJ No L 123, 4. 5. 1989, p. 23.
b) OJ No L 301 , 14. 12. 1995, p. 21 .