CELEX: 31993R1699
Language: en
Date: 1993-07-01 00:00:00
Title: Commission Regulation (EEC) No 1699/93 of 30 June 1993 fixing the aid for cotton

1 . 7. 93                                Official Journal of the European Communities                             No L 159/51
                                     COMMISSION REGULATION (EEC) No 1699/93
                                                          of 30 June 1993
                                                     fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          whereas, pursuant to the second subparagraph of
                                                                     Article 2 (2) of Council Regulation (EEC) No 1964/87 of
Having regard to the Treaty establishing the European                2 July 1987 adjusting the system of aid for cotton ("), as
Economic Community,                                                  last amended by Regulation (EEC) No 1553/93 (I2), the aid
Having regard to the Act of Accession of Greece, and in              for cotton for the 1993/94 marketing year is reduced by
particular paragraphs 3 and 10 of Protocol 4 on cotton               ECU 5,140/ 100 kilograms as fixed by Commission Regu­
annexed thereto, as amended by Protocol 14 annexed to                lation (EEC) No 251 1 /92 (13) and by the reduction fixed to
the Act of Accession of Spain and Portugal, and Commis­              take account of the expected overrun of the maximum
sion Regulation (EEC) No 4006/87 ('),                                guaranteed quantity fixed by the second subparagraph of
                                                                     Article 2 ( 1 ) of Regulation (EEC) No 1964/87 ; whereas, in
Having regard to Council Regulation (EEC) No 2169/81                 these circumstances, the amount of the aid has been
of 27 July 1981 laying down the general rules for the                provisionally calculated on the basis of an overall reduc­
system of aid for cotton (2), as last amended by Regulation          tion of ECU 20,359/ 100 kilograms ;
(EEC) No 1554/93 (3), and in particular Article 5 ( 1 )
thereof,
Whereas, pursuant to Article 5 of Regulation (EEC)                  Whereas the world market price for unginned cotton is
No 2169/81 , aid must be granted for unginned cotton                 determined periodically on the basis of the world prices
harvested in the Community when the world market                     recorded for ginned cotton and cotton seed, talking into
price for unginned cotton is below the guide price ;                account the estimated yield of the Community harvest in
                                                                    cotton seed and in ginned cotton and also the net cost of
Whereas the aid is equal to the difference between these            ginning ;
two prices ;
Whereas the second sentence of Article 7 ( 1 ) of Commis­
sion Regulation (EEC) No 1201 /89 of 3 May 1989 laying              Whereas the world market price for ginned cotton and
                                                                    cotton seed is determined in accordance with Article 4 of
down rules implementing the system of aid for cotton (4),
as last amended by Regulation (EEC) No 2328/92 (5),                 Regulation (EEC) No 2169/81 ;
stipulates that aid applications may be lodged
during June and July 1993 for both the 1992/93 and
1993/94 marketing years ; whereas the aid valid for the             Whereas, if the world market price for unginned cotton
two marketing years in question should therefore be fixed           cannot be determined as described above, this price shall
during those months ;                                               be established on the basis of the most recent price deter­
                                                                    mined ;
Whereas the guide price for cotton is fixed for the
1993/94 marketing year by Council Regulation (EEC)
No 1 555/93 C) ;
                                                                    Whereas the world market price for unginned cotton is
Whereas Commission Regulation (EEC) No 3824/92 (7),                 equal to the sum of the values for ginned cotton seed
as last amended by Regulation (EEC) No 1663/93 (8), lays            defined in Article 1 of Regulation (EEC) No 1201 /89,
down the list of prices and amounts fixed in ecus to be             minus the cost of beginning ;
amended as a result of the monetary alignments and
which are reduced from the beginning of the 1993/94
marketing year by a factor fixed by Commission Regula­              Whereas the above values are established on the basis of
tion (EEC) No 537/93 (9), as amended by Regulation                  the prices determined in accordance with Articles 2 and 3
(EEC) No 1331 /93 (10), as part of the automatic disman­            of Regulation (EEC) No 1201 /89 ; whereas the world
tling system of the negative monetary gaps ; whereas this           market price is detrmined on the basis of the most favou­
factor must be taken into account when calculating the              rable offers and quotations recorded, excluding offers and
aid from the beginning of the aforementioned marketing              quotations which cannot be regarded as representative of
year ;                                                              the real market trend ;
(') OJ No L 377, 31 . 12. 1987, p. 49 .
(j OJ No L 211 , 31 . 7. 1981 , p. 2.                               Whereas the necessary adjustments must be made in cases
(') OJ No L 154, 25. 6. 1993, p. 23.
(4) OJ No L 123, 4. 5. 1989, p. 23.                                 where the offers and quotations recorded do not satisfy
0 OJ No L 223, 8 . 8 . 1992, p. 15.                                 the requirements indicated above ;
fo OJ No L 154, 25. 6. 1993, p. 24.
0 OJ    No L 387, 31 . 12. 1992, p . 29 .
(8) OJ   No L 158, 30. 6. 1993, p. 18.                              (") OJ No L 184, 3. 7. 1987, p. 14.
0 OJ    No L 57, 10 . 3 . 1993, p. 18 .                             (I2) OJ No L 154, 25. 6. 1993, p. 21 .
H OJ     No L 132, 29. 5. 1993, p. 114.                             (") OJ No L 250, 29. 8. 1992, p. 14.
 ---pagebreak---  No L 159/52                           Official Journal of the European Communities                                 1 . 7. 93
 Whereas, pursuant to Article 4 (4) of Regulation (EEC)          Whereas it follows from applying these provisions to the
 No 2169/81 , if there are no suitable offers or quotations      offers and quotations known to the Commission that the
 for determing the world market price for cotton seed, that      aid for cotton should be as set out in this Regulation,
 price shall be established on the basis of the most favou­
 rable offers and quotations for cotton seed recorded on
                                                                 HAS ADOPTED THIS REGULATION :
 the Community market or, if those offers and quotations
 cannot be established, on the basis of the value of the
 products obtained from processing the seed in the                                       Article 1
 Community, less the processing cost ; whereas this value
 is determined in accordance with Article 4 of Regulation        1 . The aid for unginned cotton provided for in
 (EEC) No 1201 /89 ;                                             Article 5 of Regulation (EEC) No 2169/81 shall be :
                                                                 — ECU 71,180 per 100 kilograms for the 1992/93
 Whereas the representative market rates defined in                  marketing year,
 Article 1 of Council Regulation (EEC) No 38 1 3/92 (') are      — ECU 65,253 per 100 kilograms for the 1993/94
 used to convert amounts expressed in third country                  marketing year.
 currencies and are used as the basis for determining the
 agricultural conversion rates of the Member States' curren­     2.    However, the amount of the aid for 1993/94 shall be
 cies ; whereas detailed rules on the application and deter­     confirmed or replaced with effect from 1 July 1993 to
 mination of these conversions are laid down in Commis­          take account of the guide price for cotton for that marke­
 sion Regulation (EEC) No 1068/93 (2) ;                          ting year and the consequences of the system of
                                                                 maximum guaranteed quantities.
 Whereas the aid must be fixed once a month, and in such
 a way that it can be applied for the first day of the month                             Article 2
 following the date of fixing ; whereas it may be altered
 between fixings ;                                               This Regulation shall enter into force 1 July 1993.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 30 June 1993.
                                                                          For the Commission
                                                                            Rene STEICHEN
                                                                      Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
(2) OJ No L 108 , 1 . 5. 1993, p. 106.