Commission Regulation (EC) No 1679/2003 of 24 September 2003 establishing the estimated production of unginned cotton for the 2003/2004 marketing year and the resulting provisional reduction of the guide price

Commission Regulation (EC) No 1679/2003
of 24 September 2003
establishing the estimated production of unginned cotton for the 2003/2004 marketing year and the resulting provisional reduction of the guide price
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to the Act of Accession of Greece, and in particular Protocol 4 on cotton, as last amended by Council Regulation (EC) No 1050/2001(1),
Having regard to Council Regulation (EC) No 1051/2001 of 22 May 2001 on production aid for cotton(2), and in particular the first indent of Article 19(2) thereof,
Whereas:
(1) Article 16(1) of Commission Regulation (EC) No 1591/2001 of 2 August 2001 laying down detailed rules for applying the cotton aid scheme(3), as amended by Regulation (EC) No 1486/2002(4), lays down that the estimated production of unginned cotton referred to in the first subparagraph of Article 14(3) of Regulation (EC) No 1051/2001 and the resulting provisional reduction of the guide price must be established before 10 September of the marketing year concerned.
(2) Article 19(2) of Regulation (EC) No 1051/2001 lays down that account must be taken of crop forecasts when establishing the estimated production.
(3) The provisional reduction of the guide price is calculated in accordance with the first subparagraph of Article 14(3) of Regulation (EC) No 1051/2001, replacing, however, actual production with estimated production plus 15 %.
(4) The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Natural Fibres,