CELEX: 31992R3868
Language: en
Date: 1992-12-31 00:00:00
Title: Commission Regulation (EEC) No 3868/92 of 30 December 1992 fixing the aid for cotton

No L 390/ 106                              Official Journal of the European Communities                               31 . 12. 92
                                      COMMISSION REGULATION (EEC) No 3868/92
                                                        of 30 December 1992
                                                      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
                                                                      be established on the basis of the most recent price deter­
Having regard to the Treaty establishing the European                 mined :
Economic Community,
Having regard to the Act of Accession of Spain and                    Whereas the world market price for unginned cotton is
Portugal,                                                             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 2328/92 (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 2053/92 f), and in particular Article 5 (1 )                 the world market price is determined on the basis of the
thereof,                                                              most favourable offers and quotations recorded, excluding
                                                                      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
price for  unginned cotton is below the guide price ;                 Whereas the necessary adjustments must be made in cases
                                                                      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 2055/92 for the 1992/93                   determining the world market price for cotton seed, that
marketing year (4) ;                                                  price shall be established on the basis of the most
                                                                      favourable offers and quotations for cotton seed recorded
Whereas the abatement of the subsidy which arises from                on the Community market or, if those offers and quota­
                                                                      tions cannot be established on the basis of the value of
the system of maximum guaranteed quantities for the
1992/ 1993 marketing year, has been fixed and set at ECU              the products obtained from processing the seed in the
15,419 per 100 kg ;                                                   Community, less the processing cost ; whereas this value
                                                                      is determined in accordance with Article 4 of Regulation
                                                                      (EEC) No 1201 /89 ;
Whereas the world market price for unginned cotton is
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                     Whereas the representative market rates defined in Article
harvest in cotton seed and in ginned cotton and also the               1 of Council Regulation (EEC) No 3813/92 (7) are used to
net cost of ginning ;                                                 convert amounts expressed in third country currencies
                                                                      and are used as the basis for determining the agricultural
                                                                      conversion rates of the Member States' currencies ;
Whereas the world market price for ginned cotton and                  whereas detailed rules on the application and determina­
cotton seed is determined in accordance with Article 4 of             tion of these conversions were set by Commission Regu­
Regulation (EEC) No 2169/81 ;                                         lation (EEC) No 3819/92 (") ;
(') OJ No  L  377,  31 . 12. 1987, p. 49 .                            0   OJ No  L  123, 4. 5. 1989, p. 23.
0   OJ No  L  211 , 31 . 7. 1981 , p. 2.                              (<) OJ No  L  223, 8 . 8 . 1992, p. 15.
(3) OJ No  L  215,  30.  7. 1992, p. 12.                              0   OJ No  L  387, 31 . 12. 1992, p. 1 .
(4) OJ No  L  215,  30.  7. 1992, p. 14.                               8  OJ No  L  387, 31 . 12. 1992.
 ---pagebreak--- 31 . 12 . 92                       Official Journal of the European Communities                           No L 390/ 107
Whereas the aid must be fixed once a month, and in such        HAS ADOPTED THIS REGULATION :
a way that it can be applied from the first day of the
month following the date of fixing ; whereas it may be                                 Article 1
altered between fixings ;
                                                               The aid for unginned cotton provided for in Article 5 of
                                                               Regulation (EEC) No 2169/81 shall be ECU 72,877 per
                                                               100 kilograms.
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 January 1993.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 30 December 1992.
                                                                        For the Commission
                                                                         Ray MAC SHARRY
                                                                    Member of the Commission