1.5.90 OfficialJournaloftheEuropeanCommunities NoL111/27
COMMISSION REGULATION (EEC)No1096/90
of30April1990
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton
annexedthereto,asamendedbyProtocol14annexedto
theActofAccessionofSpainandofPortugal,andRegu­
lation(EEC)No4006/87(l),
HavingregardtoCouncilRegulation(EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton(2),aslastamendedbyRegulation
(EEC)No791/89(3),andinparticularArticle5(1)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
Whereas,pursuanttoArticle5ofRegulation(EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
Whereasintheabsenceoftheguidepriceforcotton
applicableduringthe1990/91marketingyear,theaid
amounthasbeenfixedonthebasisoftheCommission's
latestproposalstotheCouncil;whereasthisamount
mustbeprovisionallyappliedandconfirmedoraltered
whenthe1990/91marketingyearpricesareknown;
Whereastheabatementofthesubsidywhicharises,where
appropriate,fromthesystemofmaximumguaranteed
quantitiesforthe1990/91year,hasnot,todate,been
fixed;whereastheamountofthesubsidyforthe1990/91
yearhasbeenprovisionallycalculatedonthebasisofan
abatementofECU24,005per100kilograms;
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldmarket
pricesrecordedforginnedcottonandcottonseed,taking
intoaccounttheestimatedyieldoftheCommunity
harvestincottonseedandinginnedcottonandalsothe
netcostofginning;Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonand
cottonseeddefinedinArticle1ofCommissionRegula­
tion(EEC)No1201/89of3May1989layingdownrules
implementingthesystemofaidforcotton(4),asamended
byRegulation(EEC)No2733/89(s),minusthecostof
ginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofCommissionRegulation(EEC)No1201/89;whereas
theworldmarketpriceisdeterminedonthebasisofthe
mostfavourableoffersandquotationsrecorded,excluding
offersandquotationswhichcannotberegardedasrepre­
sentativeoftherealmarkettrend;
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;
Whereas,pursuanttoArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotationsfor
determiningtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemost
favourableoffersandquotationsforcottonseedrecorded
ontheCommunitymarketor,ifthoseoffersandquota­
tionscannotbeestablishedonthebasisofthevalueof
theproductsobtainedfromprocessingtheseedinthe
Community ,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/870,
(4)OJNoL123,4.5.1989,p.23.
OOJNoL263,9.9.1989,p.15.
(*)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.(')OJNoL377,31.12.1987,p.49.
(2)OJNoL211,31.7.1981,p.2.
(3)OJNoL85,30.3.1989,p.7.

NoL111/28 OfficialJournaloftheEuropeanCommunities 1.5.90
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedfromthefirstdayofthe
monthfollowingthedateoffixing;whereasitmaybe
alteredbetweenfixings;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,HASADOPTEDTHISREGULATION :
Article1
1.TheaidforunginnedcottonprovidedforinArticle
5ofRegulation(EEC)No2169/81shallbe44,501ECU
per100kilograms.
2.However,theamountoftheaidwillbeconfirmedor
replacedwitheffectfrom1May1990totakeaccountof
theguidepriceofcottonadoptedinrespectofthe
1990/91marketingyearand,asthecasemaybe,which
appeartohavebeenofferedinthelargestquantities.
Article2
ThisRegulationshallenterintoforceon1May1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30April1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission