CELEX: 31992R2539
Language: en
Date: 1992-09-01 00:00:00
Title: Commission Regulation (EEC) No 2539/92 of 31 August 1992 fixing the aid for cotton

1 . 9. 92                                 Official Journal of the European Communities                                No L 254/47
                                       COMMISSION REGULATION (EEC) No 2539/92
                                                         of 31 August 1992
                                                     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 (*), as last
Having regard to the Act of Accession of Spain and                   amended by Regulation (EEC) No 2328/92 (*), minus the
Portugal,                                                            cost of ginning ;
Having regard to the Act of Accession of Greece, and in
                                                                     Whereas the above values are established on the basis of
particular paragraphs 3 and 10 of Protocol 4 on cotton
annexed thereto, as amended by Protocol 14 annexed to                the prices determined in accordance with Articles 2 and 3
the Act of Accession of Spain and of Portugal, and Regu­             of Commission Regulation (EEC) No 1201 /89 ; whereas
lation (EEC) No 4006/87 ('),                                         the world market price is determined on the basis of the
                                                                     most favourable offers and quotations recorded, excluding
 Having regard to Council Regulation (EEC) No 2169/81                offers and quotations which cannot be regarded as repre­
                                                                     sentative of the real market trend ;
 of 27 July 1981 laying down the general rules for the
 system of aid for cotton (2), as last amended by Regulation
 (EEC) No 2053/92 (3), and in particular Article 5 (1 )
 thereof,                                                            Whereas the necessary adjustments must be made in cases
                                                                     where the offers and quotations recorded do not satisfy
Whereas, pursuant to Article 5 of Regulation (EEC) No                 the requirements indicated above ;
 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, pursuant to Article 4 (4) of Regulation (EEC) No
                                                                      2169/81 , if there are no suitable offers or quotations for
 Whereas the aid is equal to the difference between these             determining the world market price for cotton seed, that
 two prices ;                                                         price shall be established on the basis of the most
                                                                      favourable offers and quotations for cotton seed recorded
 Whereas the guide price for cotton has been fixed by                 on the Community market or, if those offers and quota­
                                                                      tions cannot be established on the basis of the value of
 Council Regulation (EEC) No 2055/92 for the 1992/93
 marketing year (4) ;                                                 the products obtained from processing the seed in the
                                                                      Community, less the processing cost ; whereas this value
                                                                      is determined in accordance with Article 4 of Regulation
 Whereas the abatement of the subsidy which arises from               (EEC) No 1201 /89 ;
 the system of maximum guaranteed quantities for the
  1992/1993 marketing year, has been fixed and set at ECU
 15,419 per 100 kg ;
                                                                      Whereas, if the subsidy system is to operate normally,
                                                                      subsidies should be calculated on the following basis :
 Whereas the world market price for unginned cotton is
 determined periodically on the basis of the world market
 prices recorded for ginned cotton and cotton seed, taking            — in the case of currencies which are maintained in rela­
 into account the estimated yield of the Community
                                                                           tion to each other at any given moment within a band
 harvest in cotton seed and in ginned cotton and also the
                                                                           of 2,25 %, a rate of exchange based on their central
 net cost of ginning ;
                                                                           rate, multiplied by the corrective factor provided for in
                                                                            the last paragraph of Article 3 ( 1 ) of Council Regula­
 Whereas the world market price for ginned cotton and                       tion (EEC) No 1676/85 Q, as last amended by Regula­
 cotton seed is determined in accordance with Article 4 of
                                                                            tion (EEC) No 2205/90 (8),
  Regulation (EEC) No 2169/81 ;
                                                                      — for the other currencies, an exchange rate based on an
 Whereas, if the world market price for unginned cotton                     average of the ecu rates published in the Official
  cannot be determined as described above, this price shall                Journal of the European Communities, C series, over
  be established on the basis of the most recent price deter­               a period to be determined, multiplied by the coeffi­
  mined ;                                                                   cient referred to in the preceding indent ;
  (') OJ No  L 377,  31 . 12. 1987, p. 49.                             0   OJ  No  L  123,  4. 5. 1989, p. 23.
  0   OJ No  L 211 , 31 . 7. 1981 , p. 2.                              (6) OJ  No  L  223,  8. 8. 1992, p. 15.
  (3) OJ No  L 215,  30.  7. 1992, p. 12.                              o   OJ  No  L  164,  24. 6. 1985, p. 1 .
  (4  OJ No  L 215,  30.  7. 1992, p. 14.                              (8) OJ  No  L  201 , 31 . 7. 1990, p. 9 .
 ---pagebreak--- No L 254/48                        Official Journal of the European Communities                                1 . 9 . 92
Whereas the aid must be fixed once a month, and in such        HAS ADOPTED THIS REGULATION :
a way that it can be applied from the first day of the
month following the date of fixing ; whereas it may be                                Article 1
altered between fixings ;
                                                               The aid for unginned cotton provided for in Article 5 of
                                                               Regulation (EEC) No 2169/81 shall be ECU 75,036 per
                                                               100 kilograms.
                                                                                      Article 2
whereas it follows from applying these provisions to the
offers and quotations known to the Commission that the         This Regulation shall enter into force on 1 September
aid for cotton should be as set out in this Regulation,        1992.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 31 August 1992.
                                                                        For the Commission
                                                                         Ray MAC SHARRY
                                                                   Member of the Commission