CELEX: 31999R2752
Language: en
Date: 1999-12-22
Title: Commission Regulation (EC) No 2752/1999 of 22 December 1999 determining the world market price for unginned cotton and the rate for the aid

23. 12. 1999           EN                    Official Journal of the European Communities                                       L 331/33
                                        COMMISSION REGULATION (EC) No 2752/1999
                                                        of 22 December 1999
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                     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                   (3)     Whereas application of the above rules gives the world
Community,                                                                      market price for unginned cotton indicated hereunder;
                                                                        (4)     Whereas the first subparagraph of Article 5(3a) of Regu-
                                                                                lation (EC) No 1554/95 stipulates that the advance
Having regard to the Act of Accession of Greece, and in                         payment rate for the aid is to be the guide price less the
particular paragraphs 3 and 10 of Protocol 4 on cotton, as last                 world market price and less a further amount calculated
amended by Council Regulation (EC) No 1553/95 (1),                              by the formula applicable when the guaranteed
                                                                                maximum quantity based on the revised production esti-
                                                                                mate for unginned cotton plus at least 7,5 %; Commis-
                                                                                sion Regulation (EC) No 2606/1999 (6) fixes the produc-
                                                                                tion estimate for the 1999/2000 marketing year, and the
Having regard to Council Regulation (EC) No 1554/95 of 29                       relevant percentage increase; whereas the application of
June 1995 (2) laying down general rules for the system of aid                   this method results in the fixing of the advance payment
for cotton and repealing Regulation (EEC) No 2169/81, as last                   rate for each Member State at the levels set out below,
amended by Regulation (EC) No 1419/98 (3), and in particular
Articles 3, 4 and 5 thereof,
(1)     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
        relationship between the two prices as specified in
        Article 1 (2) of Commission Regulation (EEC) No 1201/                                         Article 1
        89 of 3 May 1989 laying down rules for implementing
        the system of aid for cotton (4), as last amended by
        Regulation (EC) No 1624/1999 (5); whereas if it cannot
                                                                        1.     The world market price for unginned cotton as indicated
        be determined in this way it is to be based on the last
                                                                        in Article 3 of Regulation (EC) No 1554/95 is set at
        price determined;
                                                                        19,816 EUR/100 kg.
                                                                        2.     The advance payment of the aid referred to in Article
                                                                        5(3a), first subparagraph, of Regulation (EC) No 1554/95 is
(2)     Whereas Article 4 of Regulation (EC) No 1554/95
                                                                        fixed at:
        requires the world market price for ginned cotton to be
        determined for a product of specific characteristics using      — 50,023 EUR/100 kg in Spain,
        the most favourable offers and quotations on the world
        market of those considered representative of the real           — 46,090 EUR/100 kg in Greece,
        market trend; whereas to this end an average is to be
                                                                        — 86,484 EUR/100 kg in other Member States.
        calculated of offers and quotations on one or more
        European exchanges for a cif product to a North Euro-
        pean port from the supplier countries considered most
        representative as regards international trade; whereas
        these rules for determination of the world market price
        for ginned cotton provide for adjustments to reflect                                          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 23 December 1999.
(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--- L 331/34  EN                     Official Journal of the European Communities                           23. 12. 1999
         This Regulation shall be binding in its entirety and directly applicable in all Member States.
         Done at Brussels, 22 December 1999.
                                                                        For the Commission
                                                                          Franz FISCHLER
                                                                    Member of the Commission