CELEX: 31990R3868
Language: en
Date: 1990-12-29 00:00:00
Title: Commission Regulation (EEC) No 3868/90 of 28 December 1990 fixing the aid for cotton

29 . 12. 90                               Official Journal of the European Communities                            No L 367/89
                                       COMMISSION REGULATION (EEC) No 3868/90
                                                       of 28 December 1990
                                                     fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          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 Treaty establishing the European
Economic Community,
                                                                     Whereas the world market price for ginned cotton and
Having Having regard to the Act of Accession of Greece,              cotton seed is determined in accordance with Article 4 of
                                                                     Regulation (EEC) No 2169/81 ;
and in particular paragraphs 3 and 10 of Protocol 4 on
cotton annexed thereto, as amended by Protocol 14                    Whereas, if the world market price for unginned cotton
annexed to the Act of Accession of Spain and of Portugal,            cannot be determined as described above, this price shall
and Commission Regulation (EEC) No 4006/87 ('),                      be established on the basis of the most recent price deter­
                                                                     mined ;
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 world market price for unginned cotton is
(EEC) No 791 /89 (3), and in particular Article 5 (1) thereof,       equal to the sum of the values - for ginned cotton and
                                                                     cotton seed defined in Article 1 of Commission Regula­
                                                                      tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
 Having regard to the opinion of the Monetary Committee,              implementing the system of aid for cotton 0, as last
                                                                      amended by Regulation (EEC) No 2432/90 (8), minus the
Whereas,    pursuant to Article 5 of Regulation (EEC) No              cost of ginning ;
 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 above values are established on the basis of
                                                                      the prices determined in accordance with Articles 2 and 3
                                                                      of Commission Regulation (EEC) No 1201 /89 ; whereas
Whereas the aid is equal to the difference between these              the world market price is determined on the basis of the
 two prices ;                                                         most favourable offers and quotations recorded, excluding
                                                                      offers and quotations which cannot be regarded as repre­
Whereas the guide price for 1990/90 marketing year was                sentative of the real market trend ;
 fixed by Council Regulation (EEC) No 1355/90 (4)
                                                                      Whereas the necessary adjustments must be made in cases
Whereas the prices fixed by the Council are to be reduced             where the offers and quotations recorded do not satisfy
 in accordance with Commission Regulation (EEC)                       the requirements indicated above ;
 No 2219/90 of 30 July 1990 establishing the guide price
 fixed in ecus by the Council in the cotton sector and
 reduced as a result of the monetary realignment of 5                 Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
 January 1990 0 ;                                                     2169/81 , if there are no suitable offers or quotations for
                                                                      determining the world market price for cotton seed, that
 Whereas, under the system of maximum guaranteed                      price shall be established on the basis of the most
 quantities, the amount of the aid is subject to the reduc­           favourable offers and quotations for cotton seed recorded
 tion provided for in Commission Regulation (EEC) No                  on the Community market or, if those offers and quota­
                                                                      tions cannot be established on the basis of the value of
 251 1 /90 0 as regards cotton seed ;
                                                                      the products obtained from processing the seed in the
                                                                      Community, less the processing cost ; whereas this value
 Whereas the world market price for unginned cotton is                is determined in accordance with Article 4 of Regulation
 determined periodically on the basis of the world market             (EEC) No 1201 /89 ;
 prices recorded for ginned cotton and cotton seed, taking
  (>) 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.
  (♦) OJ No  L 134, 28. 5. 1990, p. 20 .
  0   OJ No  L 202, 31 . 7. 1990, p. 26.                              0 OJ No L 123 , 4. 5. 1989, p. 23.
  (<) OJ No  L 237, 1 . 9 . 1990, p. 9.                               (8) OJ No L 228 , 22. 8 . 1990, p. 23 .
 ---pagebreak--- No L 367/90                             Official Journal of the European Communities                             29 . 12. 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
     tion (EEC) No 1676/85 ('), as last amended by Regula­                                Article 1
     tion (EEC) No 2205/90 (2),
— for the other currencies, an exchange rate based on an
     average of the ecu rates published in the Official           The aid for unginned cotton provided for in Article 5 of
     Journal of the European Communities, C series, over          Regulation (EEC) No 2169/81 shall be 44,277 ECU per
     a period to be determined, multiplied by the coeffi­          100 kilograms.
     cient referred to in the preceding indent ;
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
 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 January 1991 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 28 December 1990 .
                                                                           For the Commission
                                                                            Ray MAC SHARRY
                                                                       Member of the Commission
(') OJ No L 164, 24. 6. 1985, p. 1 .
(2) OJ No L 201 , 31 . 7. 1990, p. 9 .