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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ Ι 3ης ΔΕΚΕΜΒΡΙΟΥ Ι
983
1135
fifteen-day moving average of the composite indicator price is at
οτ
below
a price corresponding to the mid-point. increased by 3.5 percent, between
the highest price for the upward adjustment of quotas and the lowest price
for the downward adjustment of quotas
ίη
the most recent price range
estab1ished by the Counci1.
(5) If quotas continue
ίη
effect under the provisions of paragraph (1) of
this Article, the Executive Director sha11 immediate1y set a g1oba1 annua1
quota
ση
the basis of the disappearance of coffee
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quota markets,
estimated
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accordance with the criteria estab1ished
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Artic1e 34. This
quota sha11 be a110cated to exporting Members
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accordance with the
provisions of Artic1es 31 and 35. Except as otherwise provided for
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this Agreement, the quotas sha11 be fixed for a period of four quarters.
(6) Whenever the relevant priceconditions referred to
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paragraph (4)
of this Article are rnet, quotas shall come into effect as soon as possib1e ·
and
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any event not later than the quarter fo11owing the fulfilment of the
relevant price conditions. Except as otherwise provided for
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this
Agreement, the quotas sha11 be fixed for a period of four quarters. If
the global annua1 and quarterly quotas have not previous1y been established
by
the Council, the Executive Director shall set a quota as provided for
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paragraph (5) of this Article. This quota shall be allocated to
exporting Members
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accordance with the provisions of Artic1es 31 and 35.
(7) The Counci1 sha11 be convened:
(a) during the first quarter of the coffee year if quotas continue
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effect
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accordance vith the provisions of paragraph (1) of this
Artic1e; and