CELEX: 32000R0533
Language: en
Date: 2000-03-10 00:00:00
Title: Commission Regulation (EC) No 533/2000 of 10 March 2000 determining the world market price for unginned cotton and the rate for the aid

L 64/18                EN                     Official Journal of the European Communities                                      11.3.2000
                                          COMMISSION REGULATION (EC) No 533/2000
                                                           of 10 March 2000
                      determining the world market price for unginned cotton and the rate for the aid
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                      ments to reflect differences in product quality and the
                                                                                 nature of offers and quotations; whereas these adjust-
                                                                                 ments 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. The application of this method
Articles 3, 4 and 5 thereof,                                                     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 period-
        ically 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            31,942 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            — 37,897 EUR/100 kg in Spain,
        for a product of specific characteristics using the most
        favourable offers and quotations on the world market of          — 33,964 EUR/100 kg in Greece,
        those considered representative of the real market trend.
        To this end an average is to be calculated of offers and         — 74,358 EUR/100 kg in other Member States.
        quotations on one or more European exchanges for a cif
        product to a North European port from the supplier
        countries considered most representative as regards
        international trade. These rules for determination of the
        world market price for ginned cotton provide for adjust-                                      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 March 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--- 11.3.2000  EN                     Official Journal of the European Communities                           L 64/19
          This Regulation shall be binding in its entirety and directly applicable in all Member States.
          Done at Brussels, 10 March 2000.
                                                                         For the Commission
                                                                           Franz FISCHLER
                                                                     Member of the Commission