CELEX: 31992R2452
Language: en
Date: 1992-08-25 00:00:00
Title: Commission Regulation (EEC) No 2452/92 of 24 August 1992 fixing the aid for cotton

25. 8 . 92                                 Official Journal of the European Communities                              No L 243/25
                                       COMMISSION REGULATION (EEC) No 2452/92
                                                          of 24 August 1992
                                                      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
Having regard to the Treaty establishing the European                 Regulation (EEC) No 2169/81 ;
Economic Community,
                                                                      Whereas, if the world market price for unginned cotton
Having regard to the Act of Accession of Spain and                    cannot be determined as described above, this price shall
Portugal,                                                             be established on the basis of the most recent price deter­
                                                                      mined ;
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton                Whereas the world market price for unginned cotton is
annexed thereto, as amended by Protocol 14 annexed to                 equal to the sum of the values for ginned cotton and
the Act of Accession of Spain and of Portugal, and Regu­              cotton seed defined in Article 1 of Commission Regula­
lation (EEC) No 4006/87 ('),                                          tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
                                                                      implementing the system of aid for cotton Q, as last
                                                                      amended by Regulation (EEC) No 2756/91 (8), minus the
Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the                 cost of ginning ;
system of aid for cotton (2), as last amended by Regulation
(EEC) No 2053/92 (3), and in particular Article 5 (1 )                Whereas the above values are established on the basis of
thereof,                                                              the prices determined in accordance with Articles 2 and 3
                                                                      of Commission Regulation (EEC) No 1201 /89 ; whereas
Whereas,    pursuant to Article 5 of Regulation (EEC) No              the world market price is determined on the basis of the
2169/81 ,   aid must be granted for unginned cotton                   most favourable offers and quotations recorded, excluding
harvested    in the Community when the world market                   offers and quotations which cannot be regarded as repre­
                                                                      sentative of the real market trend ;
price for   unginned cotton is below the guide price ;
Whereas the aid is equal to the difference between these              Whereas the necessary adjustments must be made in cases
two prices ;                                                          where the offers and quotations recorded do not satisfy
                                                                      the requirements indicated above ;
Whereas the guide price for cotton has been fixed by
 Council Regulation (EEC) No 2055/92 for the 1992/93                  Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
 marketing year (4) ;                                                 2169/81 , if there are no suitable offers or quotations for
                                                                      determining the world market price for cotton seed, that
                                                                      price shall be established on the basis of the most
Whereas the abatement of the subsidy which arises, where              favourable offers and quotations for cotton seed recorded
appropriate, from the system of maximum guaranteed                    on the Community market or, if those offers and quota­
quantities for the 1992/ 1993 marketing year, has not, to             tions cannot be established on the basis of the value of
date, been fixed ; whereas this provisional abatement                 the products obtained from processing the seed in the
should be fixed taking account of the 15 % limit referred             Community, less the processing cost ; whereas this value
 to in the first subparagraph of Article 3 (2) of Council             is determined in accordance with Article 4 of Regulation
 Regulation (EEC) No 1964/87 (*), as last amended by                  (EEC) No 1201 /89 ;
 Regulation (EEC) No 2052/92 (6), and the harvest fore­
 casts ; whereas the abatement should therefore be set at
 ECU 15 419 per 100 kg ;                                              Whereas, if the subsidy system is to operate normally,
                                                                       subsidies should be calculated on the following basis :
 Whereas the world market price for unginned cotton is                — in the case of currencies which are maintained in rela­
 determined periodically on the basis of the world market
 prices recorded for ginned cotton and cotton seed, taking                 tion to each other at any given moment within a band
 into account the estimated yield of the Community                         of 2,25 %, a rate of exchange based on their central
 harvest in cotton seed and in ginned cotton and also the                  rate, multiplied by the corrective factor provided for in
 net cost of ginning ;                                                     the last paragraph of Article 3 ( 1 ) of Council Regula­
                                                                            tion (EEC) No 1676/85 (9), as last amended by Regula­
                                                                            tion (EEC) No 2205/90 (10),
 (') OJ  No  L 377,  31 . 12. 1987, p. 49.
 (2) OJ  No  L 211 , 31 . 7. 1981 , p. 2.
 0   OJ  No  L 215,  30. 7. 1992, p. 12.                               O OJ No L 123, 4. 5. 1989, p. 23.
 0   OJ  No  L 215,  30. 7. 1992, p. 14.                               (8) OJ No L 264, 20. 9. 1991 , p. 21 .
 0   OJ  No  L 184,  3. 7. 1987, p. 14.                                0 OJ No L 164, 24. 6. 1985, p. 1 .
 M OJ No L 215, 30. 7. 1992, p. 10.                                    H OJ No L 201 , 31 . 7. 1990, p. 9.
 ---pagebreak--- No L 243/26                         Official Journal of the European Communities                               25. 8 . 92
— 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 74,183
                                                                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 25 August 1992, to take into
altered between fixings ;                                       account the effects of the application of maximum
                                                                guaranteed 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 25 August 1992.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 24 August 1992.
                                                                         For the Commission
                                                                          Ray MAC SHARRY
                                                                     Member of the Commission