CELEX: 31989R2649
Language: en
Date: 1989-09-01 00:00:00
Title: Commission Regulation (EEC) No 2649/89 of 31 August 1989 fixing the aid for cotton

1 . 9 . 89                                  Official Journal of the European Communities                             No L 255/51
                                        COMMISSION REGULATION (EEC) No 2649/89
                                                           of 31 August 1989
                                                       fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           Whereas the world market price for unginned cotton is
                                                                       equal to the sum of the values for ginned cotton and
Having regard to the Treaty establishing the European                  cotton seed defined in "Article 1 of Commission Regula­
Economic Community,                                                    tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
                                                                       implementing the system of aid for cotton (% minus the
Having regard to the Act of Accession of Spain and                     cost of ginning ;
Portugal,
                                                                      Whereas the above values are established on the basis of
Having regard to the Act of Accession of Greece, and in                the prices determined in accordance with Articles 2 and 3
particular paragraphs 3 and 10 of Protocol 4 on cotton                 of Commission Regulation (EEC) No 1201 /89 ; whereas
annexed thereto, as amended by Protocol 14 annexed to                  the world market price is determined on the basis of the
the Act of Accession of Spain and of Portugal, and Regu­               most favourable offers and^ quotations recorded, excluding
lation (CEE) No 4006/87 ('),                                           offers and quotations which cannot be regarded as repre­
                                                                       sentative of the real market trend ;
Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the
system of aid for cotton (2), as last amended by Regulation            Whereas the necessary adjustments must be made in cases
(EEC) No 791 /89 (3), and in particular Article 5 (1 ) thereof,        where the offers and quotations recorded do not satisfy
                                                                       the requirements indicated above ;
Having regard to the opinion of the Monetary Committee,
                                                                       Whereas, under Article 4 (4) of Regulation (EEC) No
Whereas,     under Article 5 of Regulation (EEC) No                    2169/81 , if there are no suitable offers or quotations for
2169/81 ,   aid must be granted for unginned cotton                    determining the world market price for cotton seed, that
harvested    in the Community when the world market                    price shall be established on the basis pf the most
price for   unginned cotton is below the guide price ;                 favourable offers and quotations for cotton seed recorded
                                                                       on the Community market or, if those offers and quota­
Whereas the aid is equal to the difference between these               tions cannot be established on the basis of the value of
two prices ;                                                           the products obtained from processing the seed in the
                                                                       Community, less the processing cost ; whereas this value
Whereas the guide price for the 1989/90 marketing year                 is determined in accordance with Article 4 of Regulation
was fixed by Council Regulation (EEC) No 1241 /89 (4) ;                (EEC) No 1201 /89 ;
               I
Whereas, under the system of maximum guaranteed                        Whereas, if the subsidy system is to operate normally,
quantities, the amount of the aid is subject to the reduc­             subsidies should be calculated on the following basis :
tion provided for in Commission Regulation (EEC) No
2624/89 (*) as regards cotton seed ;
                                                                       — 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 Council Regula­
harvest in cotton seed and in ginned cotton and also the                   tion (EEC) No 1676/85 as last amended by Regula­
net cost of ginning ;                                                      tion (EEC) No 1 636/87 (g),
                                                                       — for other currencies, an exchange rate based on the
Whereas the world market price for ginned cotton and                       arithmetic mean of the spot market rates of each of
cotton seed is determined in accordance with Article 4 of                  these currencies recorded over a given period in rela­
Regulation (EEC) No 2169/81 ;                                              tion to the Community currencies referred to in the
                                                                           previous indent, and the aforesaid coefficient ;
Whereas, if the world market price for unginned cotton
cannot be determined as described above, this price shall              Whereas the aid must be fixed once a month, and in such
be established on the basis of the most recent price deter­
mined ;                                                                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 ;
(') OJ   No L   377, 31 . 12. 1987, p. 48 .
O   OJ   No L   211 , 31 . 7. 1981 , p. 2.
(3) OJ   No L   85, 30. 3. 1989, p. 7.                                 0 OJ No L 123, 4. 5. 1989, p. 23.
(4) OJ   No L    129, 11 . 5. 1989, p. 1 .                             0 OJ No L 164, 24. 6. 1985, p. 1 .
(Ó OJ No L 254, 31 . 8. 1989, p. 8.                                    (") OJ No L 153, 13 . 6. 1987, p. 1 .
 ---pagebreak--- No L 255/52                        Official Journal of the European Communities                              1 . 9. 89
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,
HAS ADOPTED THIS REGULATION :
                        Article 1
The aid for unginned cotton provided for in Article 5 of
Regulation (EEC) No 2169/81 shall be 40,468 ECU per            This Regulation shall enter into force on 1 September
100 kilograms.                                                 1989.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                Suites.
                Done at Brussels, 31 August 1989.
                                                                       For the Commission
                                                                        Ray MAC SHARRY
                                                                   Member of the Commission