CELEX: 31996R0359
Language: en
Date: 1996-02-28 00:00:00
Title: COMMISSION REGULATION (EC) No 359/96 of 28 February 1996 setting the world market price for unginned cotton

29. 2. 96            EN               Official Journal of the European Communities                              No L 50/23
                                      COMMISSION REGULATION (EC) No 359/96
                                                      of 28 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 0 ),                                             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 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
  specified in Article 1 (2) of Commission Regulation (EEC)                                  Article 1
  No 1201 /89 of 3 May 1989 laying down rules implement­
                                                                   The world market price for unginned cotton as indicated
 ing the system of aid for cotton (3), as last amended by          in Article 3 of Regulation (EC) No 1554/95 is set at ECU
 Regulation (EC) No 2878/95 (4); whereas in cases where            34,569 per 100 kilograms.
 the world market price cannot be thus determined 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 29 February
 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, 28 February 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.
0 OJ No L 123, 4. 5. 1989, p. 23.
b) OJ No L 301 , 14. 12. 1995, p. 21 .