1.7.93 OfficialJournaloftheEuropeanCommunities NoL159/51
COMMISSION REGULATION (EEC)No1699/93
of30June1993
fixingtheaidforcotton
whereas,pursuanttothesecondsubparagraph of
Article2(2)ofCouncilRegulation(EEC)No1964/87of
2July1987adjustingthesystemofaidforcotton("),as
lastamendedbyRegulation(EEC)No1553/93(I2),theaid
forcottonforthe1993/94marketingyearisreducedby
ECU5,140/100kilogramsasfixedbyCommissionRegu­
lation(EEC)No2511/92(13)andbythereductionfixedto
takeaccountoftheexpectedoverrunofthemaximum
guaranteedquantityfixedbythesecondsubparagraphof
Article2(1)ofRegulation(EEC)No1964/87;whereas,in
thesecircumstances ,theamountoftheaidhasbeen
provisionallycalculatedonthebasisofanoverallreduc­
tionofECU20,359/100kilograms;
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldprices
recordedforginnedcottonandcottonseed,talkinginto
accounttheestimatedyieldoftheCommunityharvestin
cottonseedandinginnedcottonandalsothenetcostof
ginning;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton
annexedthereto,asamendedbyProtocol14annexedto
theActofAccessionofSpainandPortugal,andCommis­
sionRegulation(EEC)No4006/87('),
HavingregardtoCouncilRegulation(EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton(2),aslastamendedbyRegulation
(EEC)No1554/93(3),andinparticularArticle5(1)
thereof,
Whereas,pursuanttoArticle5ofRegulation(EEC)
No2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
WhereasthesecondsentenceofArticle7(1)ofCommis­
sionRegulation(EEC)No1201/89of3May1989laying
downrulesimplementingthesystemofaidforcotton(4),
aslastamendedbyRegulation (EEC)No2328/92(5),
stipulatesthataidapplications maybelodged
duringJuneandJuly1993forboththe1992/93and
1993/94marketingyears;whereastheaidvalidforthe
twomarketingyearsinquestionshouldthereforebefixed
duringthosemonths;
Whereastheguidepriceforcottonisfixedforthe
1993/94marketingyearbyCouncilRegulation(EEC)
No1555/93C);
WhereasCommissionRegulation(EEC)No3824/92(7),
aslastamendedbyRegulation(EEC)No1663/93(8),lays
downthelistofpricesandamountsfixedinecustobe
amendedasaresultofthemonetaryalignmentsand
whicharereducedfromthebeginningofthe1993/94
marketingyearbyafactorfixedbyCommissionRegula­
tion(EEC)No537/93(9),asamendedbyRegulation
(EEC)No1331/93(10),aspartoftheautomaticdisman­
tlingsystemofthenegativemonetarygaps;whereasthis
factormustbetakenintoaccountwhencalculatingthe
aidfromthebeginningoftheaforementioned marketing
year;Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonseed
definedinArticle1ofRegulation (EEC)No1201/89,
minusthecostofbeginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofRegulation(EEC)No1201/89;whereastheworld
marketpriceisdetrminedonthebasisofthemostfavou­
rableoffersandquotationsrecorded,excludingoffersand
quotationswhichcannotberegardedasrepresentative of
therealmarkettrend;
(')OJNoL377,31.12.1987,p.49.(jOJNoL211,31.7.1981,p.2.
(')OJNoL154,25.6.1993,p.23.
(4)OJNoL123,4.5.1989,p.23.0OJNoL223,8.8.1992,p.15.
foOJNoL154,25.6.1993,p.24.Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;
0OJNoL387,31.12.1992,p.29.
(8)OJNoL158,30.6.1993,p.18. (")OJNoL184,3.7.1987,p.14.
(I2)OJNoL154,25.6.1993,p.21.
(")OJNoL250,29.8.1992,p.14.0OJNoL57,10.3.1993,p.18.
HOJNoL132,29.5.1993,p.114.

NoL159/52 OfficialJournaloftheEuropeanCommunities 1.7.93
Whereas,pursuanttoArticle4(4)ofRegulation(EEC)
No2169/81,iftherearenosuitableoffersorquotations
fordetermingtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemostfavou­
rableoffersandquotationsforcottonseedrecordedon
theCommunitymarketor,ifthoseoffersandquotations
cannotbeestablished ,onthebasisofthevalueofthe
productsobtainedfromprocessingtheseedinthe
Community ,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;
Whereastherepresentative marketratesdefinedin
Article1ofCouncilRegulation(EEC)No3813/92(')are
usedtoconvertamountsexpressedinthirdcountry
currenciesandareusedasthebasisfordeterminingthe
agriculturalconversionratesoftheMemberStates'curren­
cies;whereasdetailedrulesontheapplicationanddeter­
minationoftheseconversions arelaiddowninCommis­
sionRegulation(EEC)No1068/93(2);
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedforthefirstdayofthemonth
followingthedateoffixing;whereasitmaybealtered
betweenfixings;Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,
HASADOPTEDTHISREGULATION :
Article1
1.Theaidforunginnedcottonprovidedforin
Article5ofRegulation(EEC)No2169/81shallbe:
—ECU71,180per100kilogramsforthe1992/93
marketingyear,
—ECU65,253per100kilogramsforthe1993/94
marketingyear.
2.However,theamountoftheaidfor1993/94shallbe
confirmedorreplacedwitheffectfrom1July1993to
takeaccountoftheguidepriceforcottonforthatmarke­
tingyearandtheconsequences ofthesystemof
maximumguaranteedquantities.
Article2
ThisRegulationshallenterintoforce1July1993.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1993.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL108,1.5.1993,p.106.