CELEX: 31988R2379
Language: en
Date: 1988-07-30 00:00:00
Title: Commission Regulation (EEC) No 2379/88 of 29 July 1988 fixing the aid for cotton

30 . 7. 88                                  Official Journal of the European Communities                               No L 205/57
                                       COMMISSION REGULATION (EEC) No 2379/88
                                                            of 29 July 1988
                                                       fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           Whereas, if the world market price for unginned cotton
                                                                      cannot be determined as described above, this price shall
Having regard to the Treaty establishing the European                 be established on the basis of the most recent price deter­
                                                                       mined ;
Economic Community,
Having regard to the Act of Accession of Spain and                     Whereas the world market price for unginned cotton is
Portugal,                                                              equal to the sum of the values for ginned cotton and
                                                                       cotton seed defined in Article 1 of Commission Regula­
Having regard to the Act of Accession of Greece, and in                tion (EEC) No 2183/81 of 30 July 1981 laying down rules
particular paragraphs 3 and 10 of Protocol 4 on cotton                 implementing the system of aid for cotton (*), as last
annexed thereto, as amended by Protocol 14 annexed to                  amended by Regulation (EEC) No 2118/88 f), minus the
the Act of Accession of Spain and of Portugal, and Regu­               cost of ginning ;
lation (CEE) No 4006/87 (»),
                                                                       Whereas the above values are established on the basis of
Having regard to Council Regulation (EEC) No 2169/81                   the prices determined in accordance with Articles 2 and 3
of 27 July 1981 laying down the general rules for the                  of Commission Regulation (EEC) No 2183/81 ; whereas
system of aid for cotton (2), as last amended by Regulation            the world market price is determined on the basis of the
(EEC) No 2276/87 (3), and in particular Article 5 (1 )                 most favourable offers and quotations recorded, excluding
thereof,
                                                                       offers and quotations which cannot be regarded as repre­
                                                                       sentative of the real market .trend ;
Having regard to the opinion of the Monetary Committee,
Whereas,     under Article 5 of Regulation (EEC) No                    Whereas the necessary adjustments must be made in cases
2169/81 ,   aid must be granted for unginned cotton                    where the offers and quotations recorded do not satisfy
harvested    in the Community when the world market                    the requirements indicated above ;
price for   unginned cotton is below the guide price ;
                                                                       Whereas, under Article 4 (4) of Regulation (EEC) No
Whereas the aid is equal to the difference between these               2169/81 , if there are no suitable offers or quotations for
 two prices ;                                                          determining the world market price for cotton seed, that
                                                                       price shall be established on the basis of the most
Whereas the guide price for the 1987/88 marketing year                  favourable offers and quotations for cotton seed recorded
was fixed by Council Regulation (EEC) No 1966/87 (4) ;                 on the Community market or, if those offers and quota­
                                                                        tions cannot be established on the basis of the value of
                                                                        the products obtained from processing the seed in the
 Whereas, under the system of maximum guaranteed                        Community, less the processing cost ; whereas this value
 quantities, the amount of the aid is subject to the reduc­             is determined in accordance with Article 4 of Regulation
 tion provided for in Commission Regulation (EEC) No                    (EEC) No 2183/81 ;
 2619/87 (^ as regards cotton seed ;
 Whereas the world market price for unginned cotton is                  Whereas, if the subsidy system is to operate normally,
 determined periodically on the basis of the world market               subsidies should be calculated on the following basis :
 prices recorded for ginned cotton and cotton seed, taking
 into account the estimated yield of the Community
 harvest in cotton seed and in ginned cotton and also the               — in the case of currencies which are maintained in rela­
 net cost of ginning ;                                                       tion to each other at any given moment within a band
                                                                             of 2,25 % , a rate of exchange based on their central
 Whereas the world market price for ginned cotton and                        rate, multiplied by the corrective factor provided for in
 cotton seed is determined in accordance with Article 4 of                   the last paragraph of Article 3 (1 ) of Council Regula­
 Regulation (EEC) No 2169/81 ;                                               tion (EEC) No 1676/85 (8), as last amended by Regula­
                                                                             tion (EEC) No 1636/87 (9),
 (') OJ No   L 377,  31 . 12. 1987, p. 48.
 (2) OJ No   L 211 , 31 . 7. 1981 , p. 2.                               (6) OJ  No  L  211 , 31 . 7. 1981 , p. 35.
 0   OJ No   L 209,  31 . 7. 1987, p. 5.                                0   OJ  No  L  186,  16.  7. 1988,  p. 21 .
 (") OJ No   L 184,  3. 7. 1987, p. 18 .                                (8) OJ  No   L 164,  24.  6. 1985,  p. 1.
 0   OJ No   L 248 , 1 . 9 . 1987, p. 18 ..                             0   OJ  No   L 153,  13 . 6. 1987,  p. 1.
 ---pagebreak--- No L 205/58                          Official Journal of the European Communities                              30 . 7. 88
— for other currencies, an exchange rate based on the          HAS ADOPTED THIS REGULATION :
    arithmetic mean of the spot market rates of each of
    these currencies recorded over a given period in rela­
                                                                                       Article 1
    tion to the Community currencies referred to in the
    previous indent, and the aforesaid coefficient ;
Whereas the aid must be fixed once a month, and in such        The aid for unginned cotton provided for in Article 5 of
a way that it can be applied from the first day of the         Regulation (EEC) No 2169/81 shall be 64,689 ECU per
month following the date of fixing ; whereas it may be         1 00 kilograms.
altered between fixings ;
Whereas it follows from applying these provisions to the                               Article 2
offers and quotations known to the Commission that the
aid for cotton should be as set out in this Regulation,        This Regulation shall enter into force on 1 August 1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 29 July 1988 .
                                                                        For the Commission
                                                                         Frans ANDRIESSEN
                                                                            Vice-President