CELEX: 31996R0174
Language: en
Date: 1996-01-31 00:00:00
Title: COMMISSION REGULATION (EC) No 174/96 of 31 January 1996 setting the world market price for unginned cotton

1 . 2. 96           I EN                 Official Journal of the European Communities                             No L 25/ 13
                                          COMMISSION REGULATION (EC) No 174/96
                                                         of 31 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
 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 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 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              36,189 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 February 1996.
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States.
                    Done at Brussels, 31 January 1996.
                                                                              For the Commission
                                                                                 Franz FISCHLER
                                                                          Member of the Commission
(')  OJ  No L 148 ,  30. 6. 1995, p. 45.
(2   OJ  No L 148 ,  30. 6. 1995, p. 48 .
0)   OJ  No L 123,   4. 5. 1989, p. 23.
 4   OJ  No L 301 ,  14. 12. 1995, p. 21 .