CELEX: 31982R0466
Language: en
Date: 1982-02-27 00:00:00
Title: Commission Regulation (EEC) No 466/82 of 26 February 1982 fixing the aid for cotton

No L 56/38                            Official Journal of the European Communities                             27. 2. 82
                                 COMMISSION REGULATION (EEC) No 466/82
                                                    of 26 February 1982
                                                 fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN                                  quotations which cannot be regarded as representative
COMMUNITIES,                                                    of the real market trend ;
Having regard to the Treaty establishing the European           Whereas for the 1981 /82 marketing year the offers and
Economic Community,                                             quotations are increased by those customs duties
                                                                applied in Greece when importing from other Member
Having regard to the Act of Accession of Greece, and            States ;
in particular paragraphs 3 and 10 of Protocol 4 thereto,
                                                                Whereas the necessary adjustments must be made in
                                                                cases where the offers ana quotations recorded do not
Having regard to Council Regulation (EEC) No                    satisfy the requirements indicated above ;
2169/81 of 27 July 1981 laying down the general rules
for the system of aid for cotton ('), and in particular         Whereas, under Article 4 (4) of Regulation (EEC) No
Article 5 ( 1 ) thereof,                                        2169/81 , if there are no suitable offers or quotations
                                                                for determining the world market price for cotton
Having regard to the opinion of the Monetary                    seed, this price is to be established on the basis of the
Committee,                                                      value of the products obtained from the processing of
                                                                those seeds, less the cost of crushing ; whereas this
Whereas, under Article 5 of Regulation (EEC) No                 value is determined in accordance with Article 4 of
2169/81 , aid must be granted for unginned cotton               Regulation (EEC) No 2183/81 ;
harvested in the Community when the world market
price for unginned cotton is below the guide price ;            Whereas, if the subsidy system is to operate normally,
                                                                subsidies should be calculated on the following basis :
Whereas the aid is equal to the difference between              — in the case of currencies which are maintained in
these two prices ;                                                   relation to each other at any given moment within
                                                                     a band of 2-25 % , a rate of exchange based on
Whereas the guide price for the 1981 /82 marketing                   their central rate,
year was fixed by Regulation (EEC) No 2168/81 (2);              — for other currencies, an exchange rate based on the
                                                                     arithmetic mean of the spot market rates of each of
Whereas the world market price for unginned cotton                   these currencies recorded for a given period in
is determined periodically on the basis of the world                 relation to the Community currencies referred to
market prices recorded for ginned cotton and cotton                  in the previous indent ;
seed, taking into account the estimated yield of the
Community harvest in cotton seed and in ginned                  Whereas the aid must be fixed once a month, and in
cotton and also the net cost of ginning ;                       such a way that it can be applied from the first day of
                                                                the month following the date of fixing ; whereas it
Whereas the world market price for ginned cotton and            may be altered between fixings ;
cotton seed is determined in accordance with Article 4
of Regulation (EEC) No 2169/81 ;                                Whereas it follows from applying these provisions to
                                                                the offers and quotations known to the Commission
                                                                that the aid for cotton should be as set out in this
Whereas, if the world market price for unginned
cotton cannot be determined as described above, this            Regulation,
price shall be established on the basis of the most
recent price determined ;
                                                                 HAS ADOPTED THIS REGULATION :
Whereas the above values are established on the basis
of the prices determined in accordance with Articles 2,                                  Article 1
3 and 4 of Commission Regulation (EEC) No 2183/81
of 30 July 1981 laying down rules implementing the              The aid for unginned cotton referred to in Article 5 of
system of aid for cotton (3) ; whereas the world market          Regulation (EEC) No 2169/81 shall be 31-350 ECU
price is determined on the basis of the most favourable          per 100 kilograms.
offers and quotations recorded, excluding offers and
                                                                                         Article 2
(') OJ No L 211 , 31 . 7. 1981 , p. 2.
0 OJ No L 211 , 31 . 7. 1981 , p. 1 .                           This Regulation shall enter into force on 1 March
(3 OJ No L 211 , 31 . 7. 1971 , p. 35.                           1982.
 ---pagebreak--- 27. 2. 82                    Official Journal of the European Communities                        No L 56 39
          This Regulation shall be binding in its entirety and directly applicable in all Member
          States.
          Done at Brussels, 26 February 1982.
                                                                 For the Commission
                                                                   Poul DALSAGER
                                                             Member of the Commission