CELEX: 31994R3088
Language: en
Date: 1994-12-17 00:00:00
Title: Commission Regulation (EC) No 3088/94 of 16 December 1994 fixing the aid for cotton

No L 325/50                              Official Journal of the European Communities                               17. 12. 94
                                      COMMISSION REGULATION (EC) No 3088/94
                                                      of 16 December 1994
                                                    fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        cotton seed and in ginned cotton and also the net cost of
                                                                   ginning ;
Having regard to the Treaty establishing the European
Community,
                                                                   Whereas the world market price for ginned cotton and
                                                                   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
the Act of Accession of Spain and Portugal, and Commis­            Whereas, if the world market price for unginned cotton
sion Regulation (EEC) No 4006/87 ('),                               cannot be determined as described above, this price shall
                                                                   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
(EEC) No 1554/93 (3), and in particular Article 5 (1 )             Whereas the world market price for unginned cotton is
thereof,                                                            equal to the sum of the values for ginned cotton seed
                                                                    defined in Article 1 of Commission Regulation (EEC) No
                                                                    1201 /89 of 3 May 1989, laying down rules implementing
Whereas, pursuant to Article 5 of Regulation (EEC) No               the system of aid cotton Q, as last amended by Regulation
2169/81 , aid must be granted for unginned cotton                   (EEC) No 2046/93 (8), minus the cost of ginning ;
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
Whereas the aid is equal to the difference between these            of Regulation (EEC) No 1201 /89 ; whereas the world
two prices ;                                                        market price is determined on the basis of the most
                                                                    favourable offers and quotations recorded, excluding offers
                                                                    and quotations which cannot be regarded as representa­
Whereas the guide price for unginned cotton has been                tive of the real market trend ;
fixed for the 1994/95 marketing year by Council Regula­
tion (EC) No 1876/94 (4);
                                                                    Whereas the necessary adjustments must be made in cases
Whereas the abatement of the subsidy which arises from              where the offers and quotations recorded do not satisfy
the system of maximum guaranteed quantities for the                 the requirements indicated above ;
1994/1 995 marketing year, has been fixed by Commission
Regulation (EC) No 2150/94 (*), as amended by Regula­
tion (EC) No 3012/94 (6) and set at ECU 23,843 per 100
kg ;                                                                Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
                                                                    2169/81 , if there are no suitable offers or quotations for
                                                                    determing the world market price for cotton seed, that
                                                                    price shall be established on the basis of the most favou­
Whereas the world market         price for unginned cotton is       rable offers and quotations for cotton seed recorded on
determined periodically on       the basis of the world prices      the Community market or, if those offers and quotations
recorded for ginned cotton       and cotton seed, talking into      cannot be established, on the basis of the value of the
account the estimated yield      of the Community harvest in        products obtained from processing the seed in the
                                                                    Community, less the processing cost ; whereas this value
(') OJ No  L 377,  31 . 12. 1987, p. 49.                            is determined in accordance with Article 4 of Regulation
(2) OJ No  L 211 , 31 . 7. 1981 , p. 2.                             (EEC) No 1201 /89 ;
(3) OJ No  L 154,  25. 6. 1993, p. 23 .
(4) OJ No  L 197,  30. 7. 1994, p. 17.
H   OJ No  L 228,  1 . 9. 1994, p. 31 .                             0 OJ No L 123, 4. 5. 1989, p. 23.
(6) OJ No  L 320,  13. 12. 1994, p. 9.                              (8) OJ No L 185, 28. 7. 1993, p. 19.
 ---pagebreak---  17. 12. 94                              Official Journal of the European Communities                        No L 325/51
Whereas the representative market rates defined in Article         HAS ADOPTED THIS REGULATION :
1 of Council Regulation (EEC) No 3813/92 ('), as
amended by Regulation (EC) No 3528/93 (2), are used to
convert amounts expressed in third country currencies
and are used as the basis for determining the agricultural                                Article 1
conversion rates of the Member States' currencies ;
whereas detailed rules on the application and determina­
tion of these conversions are laid down in Commission              The aid for unginned cotton provided for in Article 5 of
Regulation (EEC) No 1068/93 (3), as amended by Regula­             Regulation (EEC) No 2169/81 shall be ECU 46,730 per
tion (EC) No 547/94 (4);                                           100 kilograms.
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
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             This Regulation shall enter into force on 17 December
aid for cotton should be as set out in this Regulation,            1994.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 16 December 1994.
                                                                            For the Commission
                                                                              Rene STEICHEN
                                                                        Member of the Commission
(') OJ No  L  387, 31 . 12. 1992, p. 1 .
(2) OJ No  L  320, 22. 12. 1993, p. 32.
O   OJ No  L  108, 1 . 5. 1993, p. 106.
(<) OJ No  L  69, 12. 3. 1994, p. 1 .