CELEX: 31999R0306
Language: en
Date: 1999-02-10 00:00:00
Title: Commission Regulation (EC) No 306/1999 of 10 February 1999 determining the world market price for unginned cotton and the rate for the aid

11. 2. 1999           EN                Official Journal of the European Communities                                 L 37/23
                                   COMMISSION REGULATION (EC) No 306/1999
                                                    of 10 February 1999
                  determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        whereas these adjustments are specified in Article 2 of
                                                                   Regulation (EEC) No 1201/89;
                                                                   Whereas application of the above rules gives the world
Having regard to the Treaty establishing the European              market price for unginned cotton indicated hereunder;
Community,
                                                                   Whereas the second subparagraph of Article 5(3a) of
                                                                   Regulation (EC) No 1554/95 stipulates that the advance
                                                                   payment rate for the aid is to be the guide price less the
Having regard to the Act of Accession of Greece, and in            world market price and less a further amount calculated
particular paragraphs 3 and 10 of Protocol 4 on cotton, as         by the formula applicable when the guaranteed maximum
last amended by Council Regulation (EC) No 1553/95 (1),            quantity is overrun but with a minimum 7,5 % increase
                                                                   in the revised estimate for unginned cotton production;
                                                                   whereas Commission Regulation (EC) No 2591/98 (6)
                                                                   fixes the revised estimate of production of unginned
                                                                   cotton for the 1998/99 marketing year and the relevant
Having regard to Council Regulation (EC) No 1554/95 of             percentage increase; whereas application of these rules
29 June 1995 (2) laying down general rules for the system          gives the advance payment rates for each Member State
of aid for cotton and repealing Regulation (EEC) No                indicated hereunder,
2169/81, as last amended by Regulation (EC) No 1419/
98 (3), and in particular Articles 3, 4 and 5 thereof,
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 Regulation (EC)          1. The world market price for unginned cotton as indi-
No 1664/98 (5); whereas if it cannot be determined in this         cated in Article 3 of Regulation (EC) No 1554/95 is set at
way it is to be based on the last price determined;                EUR 22,582 per 100 kilograms.
                                                                   2. Advance payment of the aid as indicated in Article 5
                                                                   (3a), second sentence, of Regulation (EC) No 1554/95
Whereas Article 4 of Regulation (EC) No 1554/95                    shall be at the rate of:
requires the world market price for ginned cotton to be
determined for a product of specific characteristics using
the most favourable offers and quotations on the world             — EUR 61,608 per 100 kilograms in Spain,
market of those considered representative of the real              — EUR 51,403 per 100 kilograms in Greece,
market trend; whereas to this end an average is to be
calculated of offers and quotations on one or more Euro-           — EUR 83,718 per 100 kilograms in other Member
pean exchanges for a cif product to a North European                    States.
port from the supplier countries considered most repres-
entative as regards international trade; whereas these rules
for determination of the world market price for ginned
cotton provide for adjustments to reflect differences in                                      Article 2
product quality and the nature of offers and quotations;
(1) OJ  L 148, 30. 6. 1995, p. 45.                                 This Regulation shall enter into force on 11 February
(2) OJ  L 148, 30. 6. 1995, p. 48.                                 1999.
(3) OJ  L 190, 4. 7. 1998, p. 4.
(4) OJ  L 123, 4. 5. 1989, p. 23.
(5) OJ  L 211, 29. 7. 1998, p. 9.                                  (6) OJ L 324, 2. 12. 1998, p. 25.
 ---pagebreak--- L 37/24     EN               Official Journal of the European Communities                      11. 2. 1999
        This Regulation shall be binding in its entirety and directly applicable in all Member
        States.
        Done at Brussels, 10 February 1999.
                                                                For the Commission
                                                                   Franz FISCHLER
                                                              Member of the Commission