CELEX: 31995R3038
Language: en
Date: 1995-12-29 00:00:00
Title: COMMISSION REGULATION (EC) No 3038/95 of 29 December 1995 setting the world market price for unginned cotton

30. 12. 95           EN                Official Journal of the European Communities                           No L 316/ 17
                                  COMMISSION REGULATION (EC) No 3038/95
                                                   of 29 December 1995
                                setting the world market price for unginned cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      and by using the most favourable offers and quotations of
Having regard to the Treaty establishing the European            those considered representative of the real market trend ;
Community,
                                                                 whereas for this purpose an average is to be established of
                                                                 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 ;
(EC) No 1553/95 (!),                                             whereas these rules for determination of the world market
                                                                 price for ginned cotton provide for adjustment to reflect
Having regard to Council Regulation (EC) No 1554/95 of           differences 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
requires a world market price for unginned cotton to be          market price for unginned cotton specified hereunder,
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 imple­
menting the system of aid for cotton (3), as last amended        The world market price for unginned cotton as indicated
by Regulation (EC) No 2878/95 (4) ; whereas in cases             in Article 3 of Regulation (EC) No 1554/95 is set at ECU
where the world market price cannot be thus determined           35,741 per 100 kilograms.
it is to 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 January 1996.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 29 December 1995.
                                                                          For the Commission
                                                                             Franz FISCHLER
                                                                      Member of the Commission
(') OJ No L 148, 30. 6. 1995, p. 45.
P) OJ No L 148, 30. 6. 1995, p. 48.
0 OJ No L 123, 4. 5. 1989, p. 23.
h) OJ No L 301 , 14. 12. 1995, p. 21 .