CELEX: 31990R1479
Language: en
Date: 1990-06-01 00:00:00
Title: Commission Regulation (EEC) No 1479/90 of 31 May 1990 fixing the aid for cotton

1 . 6 . 90                                Official Journal of the European Communities                            No L 140/75
                                       COMMISSION REGULATION (EEC) No 1479/90
                                                          of 31 May 1990
                                                     fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          Whereas the world market price for unginned cotton is
                                                                     determined periodically on the basis of the world market
Having regard to the Treaty establishing the European                prices recorded for ginned cotton and cotton seed, taking
Economic Community,                                                  into account the estimated yield of the Community
                                                                     harvest in cotton seed and in ginned cotton and also the
                                                                     net cost of ginning ;
Having regard to the Act of Accession of Spain and ■
Portugal,
                                                                     Whereas the world market price for ginned cotton and
                                                                     cotton seed is determined in accordance with Article 4 of
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton               Regulation (EEC) No 2169/81 ;
annexed thereto, as amended by Protocol 14 annexed to
the Act of Accession of Spain and of Portugal, and Regu­             Whereas, if the world market price for unginned cotton
lation (EEC) No 4006/87 ('),                                         cannot be determined as described above, this price shall
                                                                     be established on the basis of the most recent price deter­
Having regard to Council Regulation (EEC) No 2169/81                 mined ;
of 27 July 1981 laying down the general rules for the
system of aid for cotton (2), as last amended by Regulation
(EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof,     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 opinion of the Monetary Committee,              tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
                                                                     implementing the system of aid for cotton Q, as amended
Whereas,    pursuant to Article 5 of Regulation (EEC) No             by Regulation (EEC) No 2733/89 (8), minus the cost of
2169/81 ,   aid must be granted for unginned cotton                  ginning ;
harvested    in the Community when the world market
price for   unginned cotton is below the guide price ;
                                                                     Whereas the above values are established on the basis of
                                                                     the prices determined in accordance with Articles 2 and 3
Whereas the aid is equal to the difference between these             of Commission Regulation (EEC) No 1201 /89 ; whereas
two prices ;                                                         the world market price is determined on the basis of the
                                                                     most favourable offers and quotations recorded, excluding
Whereas the guide price for 1989/90 marketing year was               offers and quotations which cannot be regarded as repre­
fixed by Council Regulation (EEC) No 1241 /89 (4) and for            sentative of the real market trend ;
the 1990/91 marketing year by Council Regulation (EEC)
No 1355/90 (*) ;
                                                                     Whereas the necessary adjustments must be made in cases
                                                                     where the offers and quotations recorded do not satisfy
Whereas the guide price fixed by the Council is to be                the requirements indicated above ;
reduced in accordance with Article 2 of Commission
Regulation (EEC) No 784/90 of 29 March 1990 fixing the
reducing coefficient for agricultural prices in the 1990/91          Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
marketing year as a result of the monetary realignment of            2169/81 , if there are no suitable offers or quotations for
5 January 1990 and amending the prices and amounts                   determining the world market price for cotton seed, that
fixed in ecus for that marketing year (6) ;                          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, where             on the Community market or, if those offers and quota­
                                                                     tions cannot be established on the basis of the value of
appropriate, from the system of maximum guaranteed
quantities for the 1990/91 year, has not, to date, been              the products obtained from processing the seed in the
fixed ; whereas the amount of the subsidy for the 1990/91            Community, less the processing cost ; whereas this value
year has been provisionally calculated on the basis of an            is determined in accordance with Article 4 of Regulation
                                                                     (EEC) No 1201 /89 ;
abatement of ECU 24,005 per 1 00 kilograms ;
(') OJ   No L  377, 31 . 12. 1987, p. 49,                            Whereas, if the subsidy system is to operate normally,
(2) OJ   No L  211 , 31 . 7. 1981 , p. 2.                            subsidies should be calculated on the following basis :
(3) OJ   No L  85, 30. 3. 1989, p. 7.
(4) OJ   No L  129, 11 . 5. 1989, p. 1 .
O   OJ   No L  134, 28 . 5. 1990, p. 20 .                            0 OJ No L 123, 4. 5. 1989, p. 23.
(6) OJ   No L  83, 30. 3 . 1990, p. 102.                             (8) OJ No L 263, 9. 9 . 1989, p. 15.
 ---pagebreak--- No L 140/76                             Official Journal of the European Communities                                 1 . 6. 90
— in the case of currencies which are maintained in rela­          HAS ADOPTED THIS REGULATION :
     tion to each other at any given moment within a band
     of 2,25 % , a rate of exchange based on their central
     rate, multiplied by the corrective factor provided for in
     the last paragraph of Article 3 (1 ) of Council Regula­                               Article 1
     tion (EEC) No 1676/85 ('), as last amended by Regula­
     tion (EEC) No 1636/87 (2),                                    1 . The aid for unginned cotton provided for in Article
— for other currencies, an exchange rate based on the              5 of Regulation (EEC) No 2169/81 shall be 43,453 ECU
     arithmetic mean of the spot market rates of each of           per 100 kilograms.
     these currencies recorded over a given period in rela­
     tion to the Community currencies referred to in the
     previous indent, and the aforesaid coefficient ;              2.    However, the amount of the aid will be confirmed or
                                                                   replaced with effect from 1 June 1990 to take account of
Whereas the aid must be fixed once a month, and in such           tthe application of maximum guaranteed quantities.
a way that it can be applied from the first day of the
month following the date of fixing ; whereas it may be
altered between fixings ;
                                                                                           Article 2
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 Regulation,            This Regulation shall enter into force on 1 June 1990.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 31 May 1990.
                                                                            For the Commission
                                                                             Ray MAC SHARRY
                                                                        Member of the Commission
 (>) OJ No L 164, 24. 6. 1985, p. 1 .
  2 OJ No L 153, 13. 6. 1987, p. 1 .