CELEX: 31984R2515
Language: en
Date: 1984-09-01 00:00:00
Title: Commission Regulation (EEC) No 2515/84 of 31 August 1984 fixing the aid for cotton

1 . 9. 84                            Official Journal of the European Communities                         No L 234/33
                                 COMMISSION REGULATION (EEC) No 2515/84
                                                      of 31 August 1984
                                                  fixing the aid for cotton
 THE COMMISSION OF THE EUROPEAN
                                                                  last amended by Regulation (EEC) No 211 8/84 (5),
 COMMUNITIES,                                                     minus the cost of ginning ;
 Having regard to the Treaty establishing the European           Whereas the above values are established on the basis
 Economic Community,                                             of the prices determined in accordance with Articles 2
                                                                 and 3 of Commission Regulation (EEC) No 2183/81 ;
 Having regard to the Act of Accession of Greece, and            whereas the world market price is determined on the
 in particular paragraphs 3 and 10 of Protocol 4 thereto,        basis of the most favourable offers and quotations
                                                                 recorded, excluding offers and quotations which
 Having regard to Council Regulation (EEC) No                    cannot be regarded as representative of the real market
 2169/81 of 27 July 1981 laying down the general rules           trend ; whereas, with regard to cotton seed, account
 for the system of aid for cotton ('), as last amended by        must be taken of the offers and quotations recorded on
 Regulation (EEC) No 1462/84 (2), and in particular              the principal markets in Greece ;
 Article 5 ( 1 ) thereof,
                                                                 Whereas the necessary adjustments must be made in
 Having regard to the opinion of the Monetary                    cases where the offers and quotations recorded do not
 Committee,                                                      satisfy the requirements indicated above ;
Whereas, under Article 5 of Regulation (EEC) No                  Whereas, under Article 4 (4) of Regulation (EEC) No
 2169/81 , aid must be granted for unginned cotton               2169/81 , if there are no suitable offers or quotations
 harvested in the Community when the world market                for determining the world market price for cotton
 price for unginned cotton is below the guide price ;            seed, this price is to be established on the basis of the
                                                                 value of the products obtained from the processing of
Whereas the aid is equal to the difference between               those seeds, less the cost of crushing ; whereas this
 these two prices ;                                              value is determined in accordance with Article 4 of
                                                                 Regulation (EEC) No 2183/81 ;
Whereas the guide price for the 1984/85 marketing
year was fixed by Council Regulation (EEC) No                    Whereas, if the subsidy system is to operate normally,
 1 109/84 of 31 March 1984 (3) ; ,                               subsidies should be calculated on the following basis :
Whereas the world market price for unginned cotton               — in the case of currencies which are maintained in
is determined periodically on the basis of the world                  relation to each other at any given moment within
market prices recorded for ginned cotton and cotton                   a band of 2,25 % , a rate of exchange based on
seed, taking into account the estimated yield of the                  their central rate, multiplied by the coefficient
Community harvest in cotton seed and in ginned                        provided for in Article 2b (2) of Regulation (EEC)
cotton and also the net cost of ginning ;                             No 974/71 , as last amended by Regulation (EEC)
                                                                      No 855/84,
Whereas the world market price for ginned cotton and             — for other currencies, an exchange rate based on the
cotton seed is determined in accordance with Article 4
                                                                      arithmetic mean of the spot market rates of each of
of Regulation (EEC) No 2169/81 ;                                      these currencies recorded over a given period in
                                                                      relation to the Community currencies referred to
Whereas, if the world market price for unginned                       in the previous indent, and the aforesaid coeffi­
cotton cannot be determined as described above, this
                                                                      cient ;
price shall be established on the basis of the most
recent price determined ;                                        Whereas the aid must be fixed once a ,month, and in
                                                                 such a way that it can be applied from the first day of
Whereas the world market price for unginned cotton               the month following the date of fixing ; whereas it
is equal to the sum of the values for ginned cotton and          may be altered between fixings ;
cotton seed defined in Article 1 of Commission Regu­
lation (EEC) No 2183/81 of 30 July 1981 laying down              Whereas it follows from applying these provisions to
rules implementing the system of aid for cotton (4), as          the offers and quotations known to the Commission
                                                                 that the aid for cotton should be as set out in this
(') OJ No L 211 , 31 . 7. 1981 , p. 2.                           Regulation,
0 OJ No L 142, 29. 5. 1984, p. 1 .
(3) OJ No L 113, 28 . 4. 1984, p. 19.
(4) OJ No L 211 , 31 . 7. 1981 , p. 35.                          O OJ No L 195, 25. 7. 1984, p. 30 .
 ---pagebreak--- No L 234/34                      Official Journal of the European Communities                             1 . 9. 84
HAS ADOPTED THIS REGULATION :                                                     Article 2
                     Article 1
The aid for unginned cotton referred to in Article 5 of
Regulation (EEC) No 2169/81' shall be 32,563 ECU            This Regulation shall enter into force on 1 September
per 100 kilograms.                                          1984.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States.
             Done at Brussels, 31 August 1984.
                                                                    For the Commission
                                                                      Poul DALSAGER
                                                                 Member of the Commission