CELEX: 31982R2116
Language: en
Date: 1982-07-31
Title: Commission Regulation (EEC) No 2116/82 of 30 July 1982 fixing the aid for cotton

No L 223/40                            Official Journal of the European Communities                             31 . 7. 82
                                 COMMISSION REGULATION (EEC) No 2116/82
                                                       of 30 July 1982
                                                  fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN                                   system of aid for cotton (4), as amended by Regulation
COMMUNITIES,                                                     (EEC) No 2066/82 (*) ; whereas the world market price
                                                                 is determined on the basis of the most favourable
Having regard to the Treaty establishing the European            offers and quotations recorded, excluding offers and
Economic Community,                                              quotations which cannot be regarded as representative
                                                                 of the real market trend ;
Having regard to the Act of Accession of Greece, and
in particular paragraphs 3 and 10 of Protocol 4 thereto,         Whereas for the 1982/83 marketing year the offers and
                                                                 quotations are increased by those customs duties
Having regard to Council Regulation (EEC) No                     applied in Greece when importing from other Member
2169/81 of 27 July 1981 laying down the general rules            States ;
for the system of aid for cotton ('), as amended by
Regulation (EEC) No 1982/82 (2), and in particular
Article 5 ( 1 ) thereof,                                         Whereas the necessary adjustments must be made in
                                                                 cases where the offers and quotations recorded do not
Having regard to the opinion of the Monetary                     satisfy the requirements indicated above ;
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
2169/ 81 , aid must be granted for unginned cotton               for -determining the world market price for cotton
harvested in the Community when the world market                 seed, this price is to be established on the basis of the
price for unginned cotton is below the guide price ;             value of the products obtained from the processing of
                                                                 those seeds, less the cost of crushing ; whereas this
Whereas the aid is equal to the difference between               value is determined in accordance with Article 4 of
these two prices ;                                               Regulation (EEC) No 2183/81 ;
Whereas the guide price for the 1982/83 marketing                Whereas, if the subsidy system is to operate normally,
year was fixed by Regulation (EEC) No 1428 /82 (3) ;             subsidies should be calculated on the following basis :
Whereas the world market price for unginned cotton               — in the case of currencies which are maintained in
is determined periodically on the basis of the world                  relation to each other at any given moment within
market prices recorded for ginned cotton and cotton                   a band of 2-25 % , a rate of exchange based on
seed, taking into account the estimated yield of the                  their central rate,
Community harvest in cotton seed and in ginned
cotton and also the net cost of ginning ;                        — for other currencies, an exchange rate based on the
                                                                      arithmetic mean of the spot market rates of each of
Whereas the world market price for ginned cotton and                  these currencies recorded for a given period in
cotton seed is determined in accordance with Article 4                relation to the Community currencies referred to
of Regulation (EEC) No 2169/81 ;                                      in the previous indent ;
Whereas, if the world market price for unginned                  Whereas the aid must be fixed once a month, and in
cotton cannot be determined as described above, this             such a way that it can be applied from the first day of
price shall be established on the basis of the most              the month following the date of fixing ; whereas it
recent price determined ;                                        may be altered between fixings ;
Whereas the above values are established on the basis
of the prices determined in accordance with Articles 2,          Whereas it follows from applying these provisions to
3 and 4 of Commission Regulation (EEC) No 2183/81                the offers and quotations known to the Commission
                                                                 that the aid for cotton should be as set out in this
of 30 July 1981 laying down rules implementing the
                                                                 Regulation,
(') OJ No L 211 , 31 . 7. 1981 , p. 2.
(2) OJ No L 215, 23 . 7. 1982, p. 5 .                            (4) OJ No L 211 , 31 . 7. 1981 , p . 35.
P) OJ No L 162, 12. 6 . 1982, p . 25 .                           O OJ No L 220, 29 . 7 . 1982, p . 22
 ---pagebreak--- 31 . 7. 82                       Official Journal of the European Communities                      No L 223/41
HAS ADOPTED THIS REGULATION :                                                     Article 2
                      Article 1
The aid for unginned cotton referred to in Article 5 of
Regulation (EEC) No 2169/81 shall be 33-360 ECU             This Regulation shall enter into force on 1 August
per 100 kilograms.                                          1982.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 30 July 1982.
                                                                    For the Commission
                                                                      Poul DALSAGER
                                                                Member of the Commission