CELEX: 31986R0530
Language: en
Date: 1986-03-01 00:00:00
Title: Commission Regulation (EEC) No 530/86 of 28 February 1986 fixing the aid for cotton

1 . 3 . 86                                Official Journal of the European Communities                                  No L 55/7
                                         COMMISSION REGULATION (EEC) No 530/86
                                                         of 28 February 1986
                                                      fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          harvest in cotton seed and in ginned cotton and also the
                                                                     net cost of ginning ;
Having regard to the Treaty establishing the European                Whereas the world market price for ginned cotton and
Economic Community,                                                  cotton seed is determined in accordance with Article 4 of
                                                                     Regulation (EEC) No 2169/81 ;
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton               Whereas, if the world market price for unginned cotton
annexed thereto, as amended by Protocol 14 annexed to                cannot be determined as described above, this price shall
the Act of Accession of Spain and of Portugal,                       be established on the basis of the most recent price deter­
                                                                     mined ;
Having regard to Council Regulation (EEC) No 2169/81                 Whereas the world market price for unginned cotton is
of 27 July 1981 laying down the general rules for the                equal to the sum of the values for ginned cotton and
system of aid for cotton ('), as last amended by Regulation          cotton seed defined in Article 1 of Commission Regula­
(EEC) No 1976/85 (2), and in particular Article 5 ( 1 )              tion (EEC) No 2183/81 of 30 July 1981 laying down rules
thereof,                                                             implementing the system of aid for cotton (*), as last
                                                                     amended by Regulation (EEC) No 2428/85 Q, minus the
                                                                     cost of ginning ;
Having regard to the opinion of the Monetary Committee,
                                                                     Whereas the above values are established on the basis of
                                                                      the prices determined in accordance with Articles 2 and 3
Whereas,      under Article 5 of Regulation (EEC) No                 of Commission Regulation (EEC) No 2183/81 ; whereas
2169/81 ,    aid must be granted for unginned cotton                 the world market price is determined on the basis of the
harvested     in the Community when the world market                  most favourable offers and quotations recorded, excluding
price for    unginned cotton is below the guide price ;              offers and quotations which cannot be regarded as repre­
                                                                      sentative of the real market trend ; whereas, with regard to
                                                                      cotton seed, account must be taken of the offers and
Whereas the aid is equal to the difference between these              quotations recorded on the principal markets in Greece ;
two prices ;
                                                                     Whereas the necessary adjustments must be made in cases
Whereas the guide price for the 1985/86 marketing year               where the offers and quotations recorded do not satisfy
was fixed by Council Regulation (EEC) No 1 500/85 (3) ;               the requirements indicated above ;
whereas for Spain this price was fixed by Council Regula­
tion (EEC) No 459/86 (4) ;                                            Whereas, under Article 4 (4) of Regulation (EEC) No
                                                                      2169/81 , if there are no suitable offers or quotations for
                                                                      determining the world market price for cotton seed, this
Whereas Article 1 of Council Regulation (EEC) No                      price is to be established on the basis of the value of the
486/86 of 25 February 1986 making special arrangements                products obtained from the processing of those seeds, less
for the granting of the cotton production aid in Spain                the cost of crushing ; whereas this value is determined in
during the period 1 March to 31 August 1986 (^ states                 accordance with Article 4 of Regulation (EEC) No
 that the rules of implementation for the cotton produc­              2183/81 ;
tion aid that are in force in Spain for the 1985/86
 marketing year are to remain applicable for the period 1             Whereas, if the subsidy system is to operate normally,
March to 31 August 1986 ;                                             subsidies should be calculated on the following basis :
                                                                      — in the case of currencies which are maintained in rela­
Whereas the world market price for unginned cotton is                      tion to each other at any given moment within a band
 determined periodically on the basis of the world market                  of 2,25 % , a rate of exchange based on their central
 prices recorded for ginned cotton and cotton seed, taking                  rate, multiplied by the corrective factor provided for in
 into account the estimated yield of the Community                          the last paragraph of Article 3 ( 1 ) of Regulation (EEC)
                                                                            No 1676/85 (8),
 (■) OJ   No  L 211 , 31 . 7. 1981 , p. 2.
 (2) OJ   No  L 186, 19. 7. 1985, p. 1 .
 (3) OJ   No  L 151 , 10. 6. 1985, p. 25.                              0 OJ No L 211 , 31 . 7. 1981 , p. 35.
 (4) OJ   No  L 53, 1 . 3. 1986.                                       (?) OJ No L 230, 29. 8 . 1985, p. 12.
 (*) OJ   No  L 54, 1 . 3. 1986.                                       M OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 55/ 8                           Official Journal of the European Communities                                1 . 3 . 86
— 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 2169/81 shall be             ECU
Whereas the aid must be fixed once a month, and in such        per 100 kilograms.
a way that it can be applied from the first day of the         2. The aid in Spain for cotton produced in that country
month following the date of fixing ; whereas it may be
                                                               shall however be that granted under the national arrange­
altered between fixings ;                                      ments .
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 March 1986.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 28 February 1986.
                                                                        For the Commission
                                                                         Frans ANDRIESSEN
                                                                            Vice-President