CELEX: 32000R0315
Language: en
Date: 2000-02-10 00:00:00
Title: Commission Regulation (EC) No 315/2000 of 10 February 2000 determining the world market price for unginned cotton and the rate for the aid

L 36/28                EN                    Official Journal of the European Communities                                    11. 2. 2000
                                         COMMISSION REGULATION (EC) No 315/2000
                                                         of 10 February 2000
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                     cotton provide for adjustments to reflect 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
Community,
                                                                        (3)     Application of the above rules gives the world market
                                                                                price for unginned cotton indicated hereunder.
Having regard to the Act of Accession of Greece, and in                 (4)     The second subparagraph of Article 5(3a) of Regulation
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last                 (EC) No 1554/95 stipulates that the advance payment
amended by Council Regulation (EC) No 1553/95 (1),                              rate for the aid is to be the guide price less the world
                                                                                market price and less a further amount calculated by the
                                                                                formula applicable when the guaranteed maximum
                                                                                quantity based on the revised production estimate for
Having regard to Council Regulation (EC) No 1554/95 of 29                       unginned cotton plus at least 7,5 %. Commission Regu-
June 1995 (2) laying down general rules for the system of aid                   lation (EC) No 2606/1999 (6) fixes the production esti-
for cotton and repealing Regulation (EEC) No 2169/81, as last                   mate for the 1999/2000 marketing year, and the rele-
amended by Regulation (EC) No 1419/98 (3), and in particular                    vant percentage increase; whereas the application of this
Articles 3, 4 and 5 thereof,                                                    method results in the fixing of the advance payment rate
                                                                                for each Member State at the levels set out below,
Whereas:
                                                                        HAS ADOPTED THIS REGULATION:
(1)     Article 3 of Regulation (EC) No 1554/95 requires a
        world market price for unginned cotton to be periodi-
        cally determined from the world market price deter-
        mined for ginned cotton, using the historical
        relationship between the two prices as specified in                                          Article 1
        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            1.     The world market price for unginned cotton as indicated
        Regulation (EC) No 1624/1999 (5). If it cannot be deter-        in Article 3 of Regulation (EC) No 1554/95 is set at
        mined in this way it is to be based on the last price           26,951 EUR/100 kg.
        determined.
                                                                        2.     The advance payment of the aid referred to in Article
                                                                        5(3a), second subparagraph, of Regulation (EC) No 1554/95 is
(2)     Article 4 of Regulation (EC) No 1554/95 requires the            fixed at:
        world market price for ginned cotton to be determined           — 42,888 EUR/100 kg in Spain,
        for a product of specific characteristics using the most
        favourable offers and quotations on the world market of         — 38,955 EUR/100 kg in Greece,
        those considered representative of the real market trend;
        whereas to this end an average is to be calculated of           — 79,349 EUR/100 kg in other Member States.
        offers and quotations on one or more European
        exchanges for a cif product to a North European port
        from the supplier countries considered most repres-
        entative as regards international trade. These rules for
        determination of the world market price for ginned                                           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 February 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--- 11. 2. 2000  EN                     Official Journal of the European Communities                           L 36/29
            This Regulation shall be binding in its entirety and directly applicable in all Member States.
            Done at Brussels, 10 February 2000.
                                                                           For the Commission
                                                                             Franz FISCHLER
                                                                       Member of the Commission