CELEX: 31995R2439
Language: en
Date: 1995-10-17 00:00:00
Title: COMMISSION REGULATION (EC) No 2439/95 of 17 October 1995 setting the world market price for unginned cotton

18 . 10 . 95        EN                Official Journal of the European Communities                            No L 250/7
                                      COMMISSION REGULATION (EC) No 2439/95
                                                     of 17 October 1995
                                  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 (l ),                                            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 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 implemen­
 ting the system of aid for cotton (3), as last amended by        The world market price for unginned cotton as indicated
 Regulation (EC) No 2064/95 (4) ; whereas in cases where          in Article 3 of Regulation (EC) No 1554/95 is set at ECU
 the world market price cannot be thus determined it is to        36,767 per 100 kilograms.
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 18 October
determined for a product meeting certain characteristics          1995 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 17 October 1995 .
                                                                            For the Commission
                                                                              Franz FISCHLER
                                                                       Member of the Commission
(>) OJ No L 148 , 30 . 6. 1995, p. 45.
I1) OJ No L 148, 30. 6. 1995, p. 48.
(3) OJ No L 123 , 4. 5. 1989, p. 23 .
h OJ No L 204, 30. 8. 1995, p. 8 .