CELEX: 31999R2388
Language: en
Date: 1999-11-10 00:00:00
Title: Commission Regulation (EC) No 2388/1999 of 10 November 1999 determining the world market price for unginned cotton and the rate for the aid

11. 11. 1999           EN                      Official Journal of the European Communities                                       L 288/23
                                         COMMISSION REGULATION (EC) No 2388/1999
                                                          of 10 November 1999
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                       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;
Having regard to the Treaty establishing the European                     (3)     Whereas application of the above rules gives the world
Community,                                                                        market price for unginned cotton indicated hereunder;
                                                                          (4)     Whereas the second subparagraph of Article 5(3a) of
                                                                                  Regulation (EC) No 1554/95 stipulates that the advance
Having regard to the Act of Accession of Greece, and in                           payment rate for the aid is to be the guide price less the
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last                   world market price and less a further amount calculated
amended by Council Regulation (EC) No 1553/95 (1),                                by the formula applicable when the guaranteed
                                                                                  maximum quantity is overrun but with a 15 % increase
                                                                                  in the estimate for unginned cotton production; whereas
                                                                                  Commission Regulation (EC) No 1870/1999 (6) deter-
                                                                                  mined estimated production for the 1999/2000
Having regard to Council Regulation (EC) No 1554/95 of 29                         marketing year; whereas application of these rules gives
June 1995 (2) laying down general rules for the system of aid                     the advance payment rates for each Member State in-
for cotton and repealing Regulation (EEC) No 2169/81, as last                     dicated hereunder,
amended by Regulation (EC) No 1419/98 (3), and in particular
Articles 3, 4 and 5 thereof,
(1)     Whereas Article 3 of Regulation (EC) No 1554/95                   HAS ADOPTED THIS REGULATION:
        requires a world market price for unginned cotton to be
        periodically determined from the world market price
        determined for ginned cotton, using the historical rela-
        tionship between the two prices as specified in Article 1
        (2) of Commission Regulation (EEC) No 1201/89 of 3                                             Article 1
        May 1989 laying down rules for implementing the
        system of aid for cotton (4), as last amended by Regula-
        tion (EC) No 1624/1999 (5); whereas if it cannot be
                                                                          1.     The world market price for unginned cotton as indicated
        determined in this way it is to be based on the last price
                                                                          in Article 3 of Regulation (EC) No 1554/95 is set at
        determined;
                                                                          20,281 EUR/100 kg.
                                                                          2.     Advance payment of the aid as indicated in Article 5 (3a),
                                                                          second sentence, of Regulation (EC) No 1554/95 shall be at the
(2)     Whereas Article 4 of Regulation (EC) No 1554/95
                                                                          rate of:
        requires the world market price for ginned cotton to be
        determined for a product of specific characteristics using        — EUR 43,286 kg in Spain,
        the most favourable offers and quotations on the world
        market of those considered representative of the real             — EUR 42,967 kg in Greece,
        market trend; whereas to this end an average is to be
                                                                          — EUR 86,019 kg in other Member States.
        calculated of offers and quotations on one or more
        European exchanges for a cif product to a North Euro-
        pean port from the supplier countries considered most
        representative as regards international trade; whereas
        these rules for determination of the world market price
        for ginned cotton provide for adjustments to reflect                                           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 11 November 1999.
(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 230, 31.8.1999, p. 3.
 ---pagebreak--- L 288/24  EN                     Official Journal of the European Communities                           11. 11. 1999
         This Regulation shall be binding in its entirety and directly applicable in all Member States.
         Done at Brussels, 10 November 1999.
                                                                        For the Commission
                                                                          Franz FISCHLER
                                                                    Member of the Commission