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, Having regard to the Treaty establishing the European Community, Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton, as last amended by Council Regulation (EC) No 1553/95 (1), Having regard to Council Regulation (EC) No 1554/95 of 29 June 1995 (2) laying down general rules for the system of aid for cotton and repealing Regulation (EEC) No 2169/81, as last amended by Regulation (EC) No 1419/98 (3), and in particular Articles 3, 4 and 5 thereof, 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. (3) (4) Application of the above rules gives the world market price for unginned cotton indicated hereunder. 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 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 unginned cotton plus at least 7,5 %. Commission Regu- lation (EC) No 2606/1999 (6) fixes the production esti- mate for the 1999/2000 marketing year, and the rele- vant percentage increase. The application of this method results in the fixing of the advance payment rate for each Member State at the levels set out below, Whereas: (1) (2) for ginned 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 historical cotton, relationship between the two prices as specified in 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 Regulation (EC) No 1624/1999 (5). If it cannot be deter- mined in this way it is to be based on the last price determined. using the Article 4 of Regulation (EC) No 1554/95 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 market of those considered representative of the real market trend. To this end an average is to be calculated of offers and quotations on one or more European exchanges for a cif product to a North European port from the supplier countries considered most regards international trade. These rules for determination of the world market price for ginned cotton provide for adjust- representative as (1) OJ L 148, 30. 6. 1995, p. 45. (2) OJ L 148, 30. 6. 1995, p. 48. (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. HAS ADOPTED THIS REGULATION: Article 1 The world market price for unginned cotton as indicated set at 1. in Article 3 of Regulation (EC) No 1554/95 is 31,942 EUR/100 kg. 2. The advance payment of the aid referred to in Article 5(3a), second subparagraph, of Regulation (EC) No 1554/95 is fixed at: — 37,897 EUR/100 kg in Spain, — 33,964 EUR/100 kg in Greece, — 74,358 EUR/100 kg in other Member States. Article 2 This Regulation shall enter into force on 11 March 2000. (6) OJ L 316, 10. 12. 1999, p. 36. 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