CELEX: 31990R1096
Language: en
Date: 1990-05-01 00:00:00
Title: Commission Regulation (EEC) No 1096/90 of 30 April 1990 fixing the aid for cotton

1 . 5. 90                               Official Journal of the European Communities                                No L 111 /27
                                    COMMISSION REGULATION (EEC) No 1096/90
                                                         of 30 April 1990
                                                   fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         Whereas the world market price for ginned cotton and
                                                                    cotton seed is determined in accordance with Article 4 of
                                                                    Regulation (EEC) No 2169/81 ;
Having regard to the Treaty establishing the European
Economic Community,
                                                                    Whereas, if the world market price for unginned cotton
                                                                    cannot be determined as described above, this price shall
Having regard to the Act of Accession of Spain and                  be established on the basis of the most recent price deter­
Portugal,                                                           mined ;
Having regard to the Act of Accession of Greece, and in             Whereas the world market price for unginned cotton is
particular paragraphs 3 and 10 of Protocol 4 on cotton              equal to the sum of the values for ginned cotton and
annexed thereto, as amended by Protocol 14 annexed to               cotton seed defined in Article 1 of Commission Regula­
the Act of Accession of Spain and of Portugal, and Regu­            tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
lation (EEC) No 4006/87 (l),                                        implementing the system of aid for cotton (4), as amended
                                                                    by Regulation (EEC) No 2733/89 (s), minus the cost of
Having regard to Council Regulation (EEC) No 2169/81                ginning ;
of 27 July 1981 laying down the general rules for the
system of aid for cotton (2), as last amended by Regulation         Whereas the above values are established on the basis of
(EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof,    the prices determined in accordance with Articles 2 and 3
                                                                    of Commission Regulation (EEC) No 1201 /89 ; whereas
                                                                    the world market price is determined on the basis of the
Having regard to the opinion of the Monetary Committee,             most favourable offers and quotations recorded, excluding
                                                                    offers and quotations which cannot be regarded as repre­
Whereas,   pursuant to Article 5 of Regulation (EEC) No             sentative of the real market trend ;
2169/81 ,  aid must be granted for unginned cotton
harvested   in the Community when the world market                  Whereas the necessary adjustments must be made in cases
price for  unginned cotton is below the guide price ;               where the offers and quotations recorded do not satisfy
                                                                    the requirements indicated above ;
Whereas the aid is equal to the difference between these
two prices ;                                                        Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
                                                                    2169/81 , if there are no suitable offers or quotations for
Whereas in the absence of the guide price for cotton                determining the world market price for cotton seed, that
applicable during the 1990/91 marketing year, the aid               price shall be established on the basis of the most
amount has been fixed on the basis of the Commission's              favourable offers and quotations for cotton seed recorded
latest proposals to the Council ; whereas this amount               on the Community market or, if those offers and quota­
                                                                    tions cannot be established on the basis of the value of
must be provisionally applied and confirmed or altered
when the 1990/91 marketing year prices are known ;                  the products obtained from processing the seed in the
                                                                    Community, less the processing cost ; whereas this value
                                                                    is determined in accordance with Article 4 of Regulation
Whereas the abatement of the subsidy which arises, where            (EEC) No 1201 /89 ;
appropriate, from the system of maximum guaranteed
quantities for the 1990/91 year, has not, to date, been             Whereas, if the subsidy system is to operate normally,
fixed ; whereas the amount of the subsidy for the 1990/91           subsidies should be calculated on the following basis :
year has been provisionally calculated on the basis of an
abatement of ECU 24,005 per 100 kilograms ;
                                                                    — in the case of currencies which are maintained in rela­
                                                                         tion to each other at any given moment within a band
Whereas the world market price for unginned cotton is                    of 2,25 %, a rate of exchange based on their central
determined periodically on the basis of the world market                 rate, multiplied by the corrective factor provided for in
prices recorded for ginned cotton and cotton seed, taking                the last paragraph of Article 3 (1 ) of Council Regula­
into account the estimated yield of the Community                        tion (EEC) No 1676/85 (6), as last amended by Regula­
harvest in cotton seed and in ginned cotton and also the                 tion (EEC) No 1636/87 0,
net cost of ginning ;
                                                                    (4) OJ  No  L  123, 4. 5. 1989, p. 23.
(') OJ No L 377, 31 . 12. 1987, p. 49.                              O   OJ  No  L  263, 9 . 9 . 1989, p. 15 .
(2) OJ No L 211 , 31 . 7. 1981 , p. 2.                              (*) OJ  No  L  164, 24. 6. 1985, p. 1 .
(3) OJ No L 85, 30 . 3 . 1989, p. 7.                                0   OJ  No  L  153, 13 . 6 . 1987, p. 1 .
 ---pagebreak--- No L 111 /28                         Official Journal of the European Communities                                1 . 5 . 90
— 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 ;            1.   The aid for unginned cotton provided for in Article
                                                               5 of Regulation (EEC) No 21 69/8 1 shall be 44,501 ECU
                                                               per 1 00 kilograms.
Whereas the aid must be fixed once a month, and in such        2.    However, the amount of the aid will be confirmed or
a way that it can be applied from the first day of the         replaced with effect from 1 May 1990 to take account of
month following the date of fixing ; whereas it may be         the guide price of cotton adopted in respect of the
altered between fixings ;                                       1990/91 marketing year and, as the case may be, which
                                                               appear to have been offered in the largest quantities.
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 May 1990.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 30 April 1990.
                                                                        For the Commission
                                                                         Ray MAC SHARRY
                                                                    Member of the Commission