COUNCIL REGULATION (EC) No 1877/94 of 27 July 1994 fixing the minimum price of unginned cotton for the 1994/95 marketing year
THE COUNCIL OF THE EUROPEAN UNION,
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 Regulation (EEC) No 1553/93 (1),
Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the system of aid for cotton (2), and in particular Article 9 (1) thereof,
Having regard to the proposal from the Commission (3),
Whereas, pursuant to Article 9 (2) of Regulation (EEC) No 2169/81, the Council is to fix a minimum price for unginned cotton each year at a level enabling producers to sell at a price as close as possible to the guide price; whereas that price must take account of market fluctuations and the cost of transporting the unginned cotton from the production areas to the ginning areas; whereas that price must be fixed for the quality to which the guide price relates and must apply at the farm gate;
Whereas application of the abovementioned criteria results in the fixing of the minimum price at the level given below,
HAS ADOPTED THIS REGULATION:
Article 1
For the 1994/95 marketing year, the minimum price for unginned cotton provided for in Article 9 (1) of Regulation (EEC) No 2169/81 shall be ECU 96,39 per 100 kg. That price shall apply to goods at the farm gate.
Article 2
The price set in Article 1 shall be for unginned cotton meeting the quality indicated in Article 1 (2) of Regulation (EC) No of 1876/94 of 27 July 1994 fixing the guide price for unginned cotton for the 1994/95 marketing year (4).
Article 3
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.
It shall apply from 1 September 1994.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 27 July 1994.