Commission Regulation (EC) No 2615/1999 of 10 December 1999 determining the world market price for unginned cotton and the rate for the aid
11. 12. 1999 EN Official Journal of the European Communities L 318/3 COMMISSION REGULATION (EC) No 2615/1999 of 10 December 1999 determining the world market price for unginned cotton and the rate for the aid THE COMMISSION OF THE EUROPEAN COMMUNITIES, and quotations; whereas these adjustments are specified in Article 2 of Regulation (EEC) No 1201/89; Having regard to the Treaty establishing the European Community, (3) Whereas 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 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, (1) Whereas Article 3 of Regulation (EC) No 1554/95 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/ 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 be determined in this way it is to be based on the last price determined; (2) Whereas 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; whereas 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 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 differences in product quality and the nature of offers (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. (4) Whereas the first subparagraph of Article 5(3a) of Regu- lation (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 guaranteed maximum quantity is overrun but with a 15 % increase in the estimate for unginned cotton production; whereas Commission Regulation (EC) No 1870/1999 (6) deter- the 1999/2000 mined marketing year; estimated production for applicable when the formula the (5) Whereas the second subparagraph of Article 5(3a) of Regulation (EG) No 1554/95 stipulates that form 16 December 1999 the advance payment rate for the aid referred to above is replaced by a revised amount calcu- lated using the same method but based on the revised production estimate for unginned cotton fixed in accordance with Article 8(2), plus at least 7,5 %. Commission Regulation (EC) No 2606/1999 (7) fixes the revised production estimate for unginned cotton for the 1999/2000 marketing year, and the relevant percentage increase; (6) Whereas the application of one and the same calculation method on two different bases, one of which replaces the other from 16 December 1999, results in the fixing of the advance payment rate for each Member State at the levels set out below, 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 19,751 EUR/100 kg. (6) OJ L 230, 31. 8. 1999, p. 3. (7) OJ L 316, 10. 12. 1999, p. 36. L 318/4 EN Official Journal of the European Communities 11. 12. 1999 From 11 December 1999 to 15 December 1999 the advance payment of the aid referred to in Article 2. 5(3a), first subparagraph, of Regulation (EC) No 1554/95 shall be: — 43,816 EUR/100 kg in Spain, — 43,497 EUR/100 kg in Greece, — 86,549 EUR/100 kg in other Member States. From 16 December 1999 the advance shall be: — 50,088 EUR/100 kg in Spain, — 46,155 EUR/100 kg in Greece, — 86,549 EUR/100 kg in other Member States. This Regulation shall enter into force on 11 December 1999. Article 2 This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 10 December 1999. For the Commission Franz FISCHLER Member of the Commission