CELEX: 31991R1856
Language: en
Date: 1991-06-29 00:00:00
Title: Commission Regulation (EEC) No 1856/91 of 28 June 1991 fixing the aid for cotton

29 . 6. 91                                Official Journal of the European Communities                               No L 168/31
                                      COMMISSION REGULATION (EEC) No 1856/91
                                                          of 28 June 1991
                                                     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
Economic Community,                                                  mined ;
Having regard to the Act of Accession of Spain and                         \
Portugal,                                                            Whereas the world market price for unginned cotton is
                                                                     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 1201 /89 of 3 May 1989 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 2432/90 (6), minus the
the Act of Accession of Spain and of Portugal, and Regu­             cost of ginning ;
lation (EEC) No 4006/87 ('),
Having regard to Council Regulation (EEC) No 2169/81                 Whereas the above values are established on the basis of
of 27 July 1981 laying down the general rules for the                the prices determined in accordance with Articles 2 and 3
system of aid for cotton (2), as last amended by Regulation          of Commission Regulation (EEC) No 1201 /89 ; whereas
(EEC) No 791 /89 (3), and in particular Article 5 (1 ) thereof,      the world market price is determined on the basis of the
                                                                     most favourable offers and quotations recorded, excluding
Having regard to the opinion of the Monetary Committee,              offers and quotations which cannot be regarded as repre­
                                                                     sentative of the real market trend ;
Whereas,   pursuant to Article 5 of Regulation (EEC) No
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
Whereas the guide price for cotton has been fixed by                 2169/81 , if there are no suitable offers or quotations for
Council Regulation (EEC) No 1730/91 (4) for the 1991 /92             determining the world market price for cotton seed, that
marketing year ;                                                     price shall be established on the basis of the most
                                                                     favourable offers and quotations for cotton seed recorded
                                                                     on the Community market or, if those offers and quota­
Whereas the abatement of the subsidy which arises, where             tions cannot be established on the basis of the value of
appropriate, from the system of maximum guaranteed                   the products obtained from processing the seed in the
quantities for the 1991 /92 marketing year, has not, to              Community, less the processing cost ; whereas this value
date, been fixed ; whereas the aid should therefore be
                                                                     is determined in accordance with Article 4 of Regulation
fixed on the basis of a provisional abatement which, in              (EEC) No 1201 /89 ;
the light of harvest forecasts, has been set at ECU 14,379
per 100 kg ;
                                                                     Whereas, if the subsidy system is to operate normally,
Whereas the world market price for unginned cotton is                subsidies should be calculated on the following basis :
determined periodically on the basis of the world market
prices recorded for ginned cotton and cotton seed, taking
into account the estimated yield of the Community                    — in the case of currencies which are maintained in rela­
harvest in cotton seed and in ginned cotton and also the                  tion to each other at any given moment within a band
net cost of ginning ;                                                     of 2,25 % , a rate of exchange based on their central
                                                                          rate, multiplied by the corrective factor provided for in
Whereas the world market price for ginned cotton and                      the last paragraph of Article 3 ( 1 ) of Council Regula­
cotton seed is determined in accordance with Article 4 of                 tion (EEC) No 1676/85 Q, as last amended by Regula­
Regulation (EEC) No 2169/81 ;                                             tion (EEC) No 2205/90 (8),
(') OJ  No L  377, 31 . 12. 1987, p. 49 .                            O   OJ  No  L  123,  4. 5. 1989, p. 23.
0   OJ  No L  211 , 31 . 7. 1981 , p. 2.                             (6) OJ  No  L  228,  22. 8. 1990, p. 23.
o   OJ  No L  85, 30. 3. 1989, p. 7.                                 o   OJ  No  L  164,  24. 6. 1985, p. 1 .
(4) OJ  No L  163, 26. 6. 1991 , p. 1 .                              (8) OJ  No  L  201 , 31 . 7. 1990, p. 9 .
 ---pagebreak--- No L 168 /32                        Official Journal of the European Communities                               29 . 6. 91
— for the other currencies, an exchange rate based on an        HAS ADOPTED THIS REGULATION :
    average of the ecu rates published in the Official
    Journal of the European Communities, C series, over                                 Article 1
    a period to be determined, multiplied by the coeffi­
    cient referred to in the preceding indent ;                 1 . The aid for unginned cotton provided for in Article
                                                                5 of Regulation (EEC) No 2169/81 shall be ECU 48,650
                                                                per 100 kilograms.
Whereas the aid must be fixed once a month, and in such
a way that it can be applied from the first day of the          2.   However, the amount of the aid will be confirmed or
month following the date of fixing ; whereas it may be          replaced with effect from 1 July 1991 to take account of
altered between fixings ;                                       the impact of the maximum guaranted quantity system
                                                                on 1991 /92 marketing year.
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 July 1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 28 June 1991 .
                                                                         For the Commission
                                                                          Ray MAC SHARRY
                                                                     Member of the Commission