CELEX: 31996R0064
Language: en
Date: 1996-01-17 00:00:00
Title: COMMISSION REGULATION (EC) No 64/96 of 17 January 1996 setting the world market price for unginned cotton

No L 13/ 18       Hen I              Official Journal of the European Communities                                18 . 1 . 96
                                     COMMISSION REGULATION (EC) No 64/96
                                                     of 17 January 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 ;
 (EC) No 1553/95 0),                                             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 application of the above rules gives the world
 Whereas Article 3 of Regulation (EC) No 1554/95                 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      HAS ADOPTED THIS REGULATION :
 ship between the ginned cotton and that calculated for
 unginned cotton ; whereas this historical relationship was
                                                                                          Article 1
 specified in Article 1 (2) of Commission Regulation (EEC)
 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 1 554/95 is set at ECU
 where the world market price cannot be thus determined          34,938 per 100 kilograms.
 it is to be based on the last price determined ;
                                                                                          Article 2
 Whereas pursuant to Article 4 of Regulation (EC) No
 1554/95 the world market price for ginned cotton is             This Regulation shall enter into force on 18 January
 determined for a product meeting certain characteristics        1996.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 17 January 1996.
                                                                          For the Commission
                                                                             Franz FISCHLER
                                                                      Member of the Commission
(■) OJ No L 148, 30. 6. 1995, p, 45.
0 OJ No L 148, 30. 6. 1995, p. 48.
(3) OJ No L 123, 4. 5. 1989, p. 23.
M OJ No L 301 , 14. 12. 1995, p. 21 .