NoL191/50 31.7.93 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No2120/93
of30July1993
fixingtheaidforcotton
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldprices
recordedforginnedcottonandcottonseed,talkinginto
accounttheestimatedyieldoftheCommunityharvestin
cottonseedandinginnedcottonandalsothenetcostof
ginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonseed
definedinArticle1ofRegulation(EEC)No1201/89of
3May1989layingdownrulesimplementing thesystem
ofaidforcotton(9),aslastamendedbyRegulation(EEC)
No2046/93(l0),minusthecostofbeginning;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('),andinparticularArticle5(1)
thereof,
Whereas,pursuanttoArticle5ofRegulation (EEC)
No2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
Whereastheguidepriceforcottonisfixedforthe
1993/94marketingyearbyCouncilRegulation (EEC)
No1555/93(4);whereasthispricewasreducedbyRegu­
lation(EEC)No2044/93(5)asaconsequence ofthe
monetaryrealignments ;
Whereas,pursuanttothesecondsubparagraph of
Article2(2)ofCouncilRegulation(EEC)No1964/87of
2July1987adjustingthesystemofaidforcotton(6),as
lastamendedbyRegulation(EEC)No1553/93f),theaid
forcottonforthe1993/94marketingyearisreducedby
ECU5,140/100kilogramsasfixedbyCommissionRegu­
lation(EEC)No2511/92(8)andbythereductionfixedto
takeaccountoftheexpectedoverrunofthemaximum
guaranteedquantityfixedbythesecondsubparagraph of
Article2(1)ofRegulation(EEC)No1964/87;whereas,in
thesecircumstances ,theamountoftheaidhasbeen
provisionallycalculatedonthebasisofanoverallreduc­
tionofECU20,359/100kilograms;Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofRegulation (EEC)No1201/89;whereastheworld
marketpriceisdetrminedonthebasisofthemostfavou­
rableoffersandquotationsrecorded,excludingoffersand
quotationswhichcannotberegardedasrepresentative of
therealmarkettrend;
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirements indicatedabove;
Whereas,pursuanttoArticle4(4)ofRegulation(EEC)
No2169/81,iftherearenosuitableoffersorquotations
fordetermingtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemostfavou­
rableoffersandquotationsforcottonseedrecordedon
theCommunitymarketor,ifthoseoffersandquotations
cannotbeestablished ,onthebasisofthevalueofthe
productsobtainedfromprocessingtheseedinthe
Community ,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;(')OJNoL377,31.12.1987,p.49.0OJNoL211,31.7.1981,p.2.0OJNoL154,25.6.1993,p.23.
(4)OJNoL154,25.6.1993,p.24.0OJNoL185,28.7.1993,p.16.
(6)OJNoL184,3.7.1987,p.14.0OJNoL154,25.6.1993,p.21.
(8)OJNoL250,29.8.1992,p.14.(9)OJNoL123,4.5.1989,p.23.
HOJNoL185,28.7.1993,p.19.

31.7.93 OfficialJournaloftheEuropeanCommunities NoL191/51
Whereastherepresentative marketratesdefinedin
Article1ofCouncilRegulation(EEC)No3813/92(!)are
usedtoconvertamountsexpressedinthirdcountry
currenciesandareusedasthebasisfordeterminingthe
agriculturalconversionratesoftheMemberStates'curren­
cies;whereasdetailedrulesontheapplicationanddeter­
minationoftheseconversionsarelaiddowninCommis­
sionRegulation(EEC)No1068/93(2);
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedforthefirstdayofthemonth
followingthedateoffixing;whereasitmaybealtered
betweenfixings;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,HASADOPTEDTHISREGULATION :
Article1
1.Theaidforunginnedcottonprovidedforin
Article5ofRegulation(EEC)No2169/81shallbe:
—ECU63,419per100kilograms.
2.However,theamountoftheaidfor1993/94shallbe
confirmedorreplacedwitheffectfrom1August1993to
takeaccountoftheconsequences ofthesystemof
maximumguaranteedquantities.
Article2
ThisRegulationshallenterintoforceon1August1993.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30July1993.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
OOJNoL108,1.5.1993,p.106.