NoL137/24 OfficialJournaloftheEuropeanCommunities 1.6.94
COMMISSION REGULATION (EC)No1246/94
of31May1994
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,Whereas,pursuanttothesecondsubparagraphofArticle
2(2)ofCouncilRegulation(EEC)No1964/87of2July
1987adjustingthesystemofaidforcotton(*),aslast
amendedbyRegulation(EEC)No1553/93Q,theaidfor
cottonforthe1994/95marketingyearisreducedbyECU
5,073/100kilogramsasfixedbyCommissionRegulation
(EEC)No2420/93(8)andbythereductionfixedtotake
accountoftheexpectedoverrunofthemaximumguaran­
teedquantityfixedbythesecondsubparagraphofArticle
2(1)ofRegulation(EEC)No1964/87;whereas,inthese
circumstances ,theamountoftheaidhasbeenprovisio­
nallycalculatedonthebasisofanoverallprovisional
reductionofECU25,365/100kilograms;HavingregardtotheTreatyestablishingtheEuropean
Community ,
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,Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldprices
recordedforginnedcottonandcottonseed,talkinginto
accounttheestimatedyieldoftheCommunityharvestin
cottonseedandinginnedcottonandalsothenetcostof
ginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;Whereas,pursuanttoArticle5ofRegulation(EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
WhereasthesecondsentenceofArticle7(1)ofCommis­
sionRegulation(EEC)No1201/89of3May1989laying
downrulesimplementing thesystemofaidforcotton(4),
aslastamendedbyRegulation (EEC)No2046/93(*),
stipulatesthataidapplicationsmaybelodgedduringMay
andJuly1994forboththe1993/94and1994/95mar­
ketingyears;whereastheaidvalidforthetwomarketing
yearsinquestionshouldthereforebefixedduringthose
months:Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonseed
definedinArticle1ofRegulation(EEC)No1201/89,
minusthecostofbeginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofRegulation(EEC)No1201/89;whereastheworld
marketpriceisdetrminedonthebasisofthemostfavou­
rableoffersandquotationsrecorded,excludingoffersand
quotationswhichcannotberegardedasrepresentative of
therealmarkettrend;Whereasintheabsenceofaguidepriceforcottonvalid
forthe1994/95marketingyear,theamountofaidtobe
grantedwhereitisfixedinadvanceforthatmarketing
yearcanbefixedonlyprovisionallyonthebasisofthe
Commission'smostrecentpriceproposalstotheCouncil
forthe1994/95marketingyear;whereasthisamount
mustthereforebeappliedprovisionallyonly,andmustbe
confirmedorreplacedassoonasthepricefor1994/95
marketingyearisknown;Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;
(')OJNoL377,31.12.1987,p.49.
(2)OJNoL211,31.7.1981,p.2.0OJNoL154,25.6.1993,p.23.
(4)OJNoL123,4.5.1989,p.23.0OJNoL185,28.7.1993,p.19.(«)OJNoL184,3.7.1987,p.14.oOJNoL154,25.6.1993,p.21.
(8OJNoL222,1.9.1993,p.37.

1.6.94 OfficialJournaloftheEuropeanCommunities NoL137/25
HASADOPTEDTHISREGULATION :
Article1Whereas,pursuanttoArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotationsfor
determingtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemostfavou­
rableoffersandquotationsforcottonseedrecordedon
theCommunitymarketor,ifthoseoffersandquotations
cannotbeestablished,onthebasisofthevalueofthe
productsobtainedfromprocessingtheseedinthe
Community,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;
WhereastherepresentativemarketratesdefinedinArticle
1ofCouncilRegulation(EEC)No3813/92('),as
amendedbyRegulation(EC)No3528/93(2),areusedto
convertamountsexpressedinthirdcountrycurrencies
andareusedasthebasisfordeterminingtheagricultural
conversionratesoftheMemberStates'currencies;
whereasdetailedrulesontheapplicationanddetermina­
tionoftheseconversionsarelaiddowninCommission
Regulation(EEC)No1068/93(3),asamendedbyRegula­
tion(EC)No547/94(4);
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedforthefirstdayofthemonth
followingthedateoffixing;whereasitmaybealtered
betweenfixings;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,1.TheaidforunginnedcottonprovidedforinArticle
5ofRegulation(EEC)No2169/81shallbe:
—ECU48,364per100kilogramsforthe1993/94
marketingyear,
—ECU45,308per100kilogramsforthe1994/95
marketingyear.
2.However,theamountoftheaidfor1994/95shallbe
confirmedorreplacedwitheffectfrom1June1994to
takeaccountoftheguidepriceforcottonorthat
marketingyearandtheconsequences ofthesystemof
maximumguaranteedquantities.
Article2
ThisRegulationshallenterintoforceon1June1994.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31May1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(■)OJNoL387,31.12.1992,p.1.
(2)OJNoL320,22.12.1993,p.32.0OJNoL108,1.5.1993,p.106.
(4)OJNoL69,12.3.1994,p.1.