L 327/14 Official Journal of the European Union 16.12.2003 COMMISSION REGULATION (EC) No 2186/2003 of 15 December 2003 laying down, for the 2003/04 marketing year, the revised production estimate for unginned cotton and the resulting new provisional reduction in the guide price THE COMMISSION OF THE EUROPEAN COMMUNITIES, (4)  The new provisional reduction in the guide price must Having regard to the Treaty establishing the European Community, Having regard to the Act of Accession of Greece, and in par- ticular Protocol 4 on cotton (), Having regard to Council Regulation (EC) No 1051/2001 of 22 May 2001 on production aid for cotton (?), and in particular the second indent of Article 19(2) thereof, Whereas: (1)  Article 16(2) of Commission Regulation (EC) No 1591/ 2001 of 2 August 2001 laying down detailed rules for applying the cotton aid scheme (}) provides that the revised production estimate for unginned cotton referred to in the second subparagraph of Article 14(3) of Regu- lation (EC) No 1051/2001 and the resulting new provi- sional reduction in the guide price are to be established before 1 December of the marketing year concerned. 2)  Article 19(2) of Regulation (EC) No 1051/2001 provides that the revised production estimate is to be established taking account of the progress of the harvest. That revised estimate should therefore be fixed on the basis of data available for the 2003/04 marketing year. (3)  The second subparagraph of Article 14(3) of Regulation (EC) No 1051/2001 provides that from 16 December following the start of the marketing year, the amount of the advance is to be determined based on the revised production estimate, plus at least 7,5 %. In view of the most recent figures for the 2003/04 marketing year on quantities placed in supervised storage notified by the Member States in accordance with Article 15(4)(c)(i) of Regulation (EC) No 1591/2001, as a safety margin, a percentage increase of 9,5 % for Greece, 7,5 % for Spain and 7,5 % for Portugal should be applied. be calculated in accordance with Article 7 of Regulation (EC) No 1051/2001, but replacing actual production by the revised production estimate increased as above. (5)  The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Natural Fibres, HAS ADOPTED THIS REGULATION: Atrticle 1 1. For the 2003/04 marketing year, the revised production estimate for unginned cotton shall be: — 1065 668 tonnes — 306 787 tonnes — 1 108 tonnes for Greece, for Spain, for Portugal. 2. For the 2003/04 marketing year, the new provisional reduction in the guide price shall be: — 26,150 EUR/100 kg — 17,221 EUR/100 kg — 0 EURJ100 kg for Greece, for Spain, for Portugal. Atticle 2 This Regulation shall enter into force on the day of its publica- tion in the Official Journal of the European Union. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 15 December 2003. (") Protocol as last amended by Council Regulation (EC) No 1050/2001 (OJ L 148, 1.6.2001, p. 1). () OJ L 148, 1.6.2001, p. 3. () OJ L 210, 3.8.2001, p. 10. Regulation as amended by Regulation (EC) No 1486/2002 (O] L 223, 20.8.2002, p. 3). For the Commission Franz FISCHLER Member of the Commission