CELEX: 31982R0224
Language: en
Date: 1982-01-30 00:00:00
Title: Commission Regulation (EEC) No 224/82 of 29 January 1982 fixing the aid for cotton

No L 22/40                              Official Journal of the European Communities                              30 . 1 . 82
                                   COMMISSION REGULATION ( EEC) No 224/82
                                                       of 29 January 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 and 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 (') ; whereas the world market            Regulation (EEC) No 2169/81 shall be 31-225 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.
 (2) OJ No L 211 , 31 . 7. 1981 , p . 1 .                           This Regulation shall enter into force on 1 February
 0 OJ No L 211 , 31 . 7 . 1971 , p . 35 .                           1982 .
 ---pagebreak--- 30 . 1 . 82                    Official Journal of the European Communities                        No L 22/41
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 29 January 1982.
                                                                   For the Commission
                                                                     Poul DALSAGER
                                                               Member of the Commission