CELEX: 31990R2533
Language: en
Date: 1990-09-01 00:00:00
Title: Commission Regulation (EEC) No 2533/90 of 31 August 1990 fixing the aid for cotton

1 . 9. 90                                Official Journal of the European Communities                            No L 237/75
                                     COMMISSION REGULATION (EEC) No 2533/90
                                                                i
                                                        of 31 August 1990
                                                    fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         prices recorded for ginned cotton and cotton seed, taking
                                                                    into account the estimated yield of the Community
Having regard to the Treaty establishing the European               harvest in cotton seed and in ginned cotton and also the
Economic Community,                                                 net cost of ginning ;
Having regard to the Act of Accession of Spain and                 Whereas the world market price for ginned cotton and
Portugal,                                                           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
annexed thereto, as amended by Protocol 14 annexed to              Whereas, if the world market price for unginned cotton
the Act of Accession of Spain and of Portugal, and                  cannot be determined as described above, this price shall
                                                                    be established on the basis of the most recent price deter­
Commission Regulation (EEC) No 4006/87 ('),                         mined ;
Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the              Whereas the world market price for unginned cotton is
system of aid for cotton (2), as last amended by Regulation         equal to the sum of the values for ginned cotton and
(EEC) No 791 /89 (3), and in particular Article 5 (1 ) thereof,     cotton seed defined in Article 1 of Commission Regula­
                                                                    tion (EEC) No 1201 /89 of 3 May 1989 laying down rales
                                                                    implementing the system of aid for cotton (7), as last
Having regard to the opinion of the Monetary Committee,             amended by Regulation (EEC) No 2432/90 (8), minus the
                                                                    cost of ginning ;
Whereas,      pursuant to Article 5 of Regulation (EEC) No
2169/81 ,     aid must be granted for unginned cotton
harvested      in the Community when the world market               Whereas the above values are established on the basis of
price for     unginned cotton is below the guide price ;            the prices determined in accordance with Articles 2 and 3
                                                                    of Commission Regulation (EEC) No 1201 /89 ; whereas
                                                                    the world market price is determined on the basis of the
Whereas the aid is equal to the difference between these            most favourable offers and quotations recorded, excluding
two prices ;                                                        offers and quotations which cannot be regarded as repre­
                                                                    sentative of the real market trend ;
Whereas the guide price for 1990/90 marketing year was
fixed by Council Regulation (EEC) No 1355/90 (4)
                                                                    Whereas the necessary adjustments must be made in cases
                                                                    where the offers and quotations recorded do not satisfy
Whereas the prices fixed by the Council are to be reduced           the requirements indicated above ;
in accordance with Commission Regulation (EEC)
No 2219/90 of 30 July 1990 establishing the guide price '
fixed in ecus by the Council in the cotton sector and               Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
reduced as a result of the monetary realignment of 5                2169/81 , if there are no suitable offers or quotations for
January 1990 (*);                                                   determining the world market price for cotton seed, that
                                                                    price shall be established on the basis of the most
Whereas, under the system of maximum guaranteed                     favourable offers and quotations for cotton seed recorded
quantities, the amount of the aid is subject to the reduc­          on the Community market or, if those offers and quota­
tion provided for in Commission Regulation (EEC) No                 tions , cannot be established on the basis of the value of
251 1 /90 (6) as regards cotton seed ;                              the products obtained from processing the seed in the
            i                                                       Community, less the processing cost ; whereas this value
                                                                    is determined in accordance with Article 4 of Regulation
Whereas the world market price for unginned cotton is               (EEC) No 1201 /89 ;
determined periodically on the basis of the world market
(') 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 :
0   OJ  No L 85, 30 . 3. 1989, p. 7.
O   OJ  No L 134, 28. 5. 1990, p. 20.
O   OJ  No L 202, 31 . 7. 1990, p. 26.                              0 OJ No L 123, 4. 5. 1989, p. 23.
(6) See page 9 of this Official Journal.                            (8) OJ No L 228, 22. 8. 1990, p. 23.
 ---pagebreak--- No L 237/76                            Official Journal of the European Communities                              1 . 9 . 90
— in the case of currencies which are maintained in rela­        Whereas it follows from applying these provisions to the
    tion to each other at any given moment within a band         offers and quotations known to the Commission that the
    of 2,25 % , a rate of exchange based on their central        aid for cotton should be as set out in this Regulation,
    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        HAS ADOPTED THIS REGULATION :
    tion (EEC) No 2205/90 (2),
— for the other currencies, an exchange rate based on an                                 Article 1
    average of the ecu rates published in the Official
    Journal of the European Communities, C series, over          The aid for unginned cotton provided for in Article 5 of
    a period to be determined, multiplied by the coeffi­         Regulation (EEC) No 2169/81 shall be 45,422 ECU per
    cient referred to in the preceding indent ;                  100 kilograms.
Whereas the aid must be fixed once a month, and in such                                  Article 2
a way that it can be applied from the first day of the
month following the date of fixing ; whereas it may be           This Regulation shall enter into force on 1 September
altered between fixings ;                                        1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                  Done at Brussels, 31 August 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.