CELEX: 31993R2120
Language: en
Date: 1993-07-31 00:00:00
Title: Commission Regulation (EEC) No 2120/93 of 30 July 1993 fixing the aid for cotton

No L 191 /50                              Official Journal of the European Communities                                 31 . 7. 93
                                         COMMISSION REGULATION (EEC) No 2120/93
                                                            of 30 July 1993
                                                       fixing the aid for cotton
  THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          Whereas the world market price for unginned cotton is
                                                                       determined periodically on the basis of the world prices
                                                                       recorded for ginned cotton and cotton seed, talking into
  Having regard to the Treaty establishing the European                account the estimated yield of the Community harvest in
  Economic Community,                                                  cotton seed and in ginned cotton and also the net cost of
                                                                       ginning ;
  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 the world market price for ginned cotton and
 the Act of Accession of Spain and Portugal, and Commis­               cotton seed is determined in accordance with Article 4 of
 sion Regulation (EEC) No 4006/87 ('),                                 Regulation (EEC) No 2169/81 ;
 Having regard to Council Regulation (EEC) No 2169/81                  Whereas, if the world market price for unginned cotton
 of 27 July 1981 laying down the general rules for the                 cannot be determined as described above, this price shall
 system of aid for cotton (2), as last amended by Regulation           be established on the basis of the most recent price deter­
 (EEC) No 1554/93 ('), and in particular Article 5 ( 1 )               mined ;
 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                  equal to the sum of the values for ginned cotton seed
 harvested in the Community when the world market                      defined in Article 1 of Regulation (EEC) No 1201 /89 of
 price for unginned cotton is below the guide price ;                  3 May 1989 laying down rules implementing the system
                                                                       of aid for cotton (9), as last amended by Regulation (EEC)
                                                                       No 2046/93 (l0), minus the cost of beginning ;
 Whereas the aid is equal to the difference between these
 two prices ;
                                                                      Whereas the above values are established on the basis of
 Whereas the guide price for cotton is fixed for the                   the prices determined in accordance with Articles 2 and 3
  1993/94 marketing year by Council Regulation (EEC)                   of Regulation (EEC) No 1201 /89 ; whereas the world
 No 1555/93 (4) ; whereas this price was reduced by Regu­              market price is detrmined on the basis of the most favou­
 lation (EEC) No 2044/93 (5) as a consequence of the                   rable offers and quotations recorded, excluding offers and
 monetary realignments ;                                               quotations which cannot be regarded as representative of
                                                                       the real market trend ;
Whereas, pursuant to the second subparagraph of
 Article 2 (2) of Council Regulation (EEC) No 1964/87 of              Whereas the necessary adjustments must be made in cases
 2 July 1987 adjusting the system of aid for cotton (6), as           where the offers and quotations recorded do not satisfy
 last amended by Regulation (EEC) No 1 553/93 f), the aid             the requirements indicated above ;
 for cotton for the 1993/94 marketing year is reduced by
 ECU 5,140/ 100 kilograms as fixed by Commission Regu­
 lation (EEC) No 251 1 /92 (8) and by the reduction fixed to
take account of the expected overrun of the maximum                   Whereas, pursuant to Article 4 (4) of Regulation (EEC)
guaranteed quantity fixed by the second subparagraph of               No 2169/81 , if there are no suitable offers or quotations
Article 2 ( 1 ) of Regulation (EEC) No 1964/87 ; whereas, in          for determing the world market price for cotton seed, that
 these circumstances, the amount of the aid has been                  price shall be established on the basis of the most favou­
 provisionally calculated on the basis of an overall reduc­           rable offers and quotations for cotton seed recorded on
tion of ECU 20,359/ 100 kilograms ;                                   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
(') OJ  No  L   377,  31 . 12. 1987, p. 49.
0   OJ  No  L   211 , 31 . 7. 1981 , p. 2.                            Community, less the processing cost ; whereas this value
0   OJ  No  L   154,  25. 6. 1993, p. 23.                             is determined in accordance with Article 4 of Regulation
(4) OJ  No  L   154,  25. 6. 1993, p. 24.                             (EEC) No 1201 /89 ;
0   OJ  No  L   185,  28 . 7. 1993, p. 16.
(6) OJ  No  L   184,  3 . 7. 1987, p. 14.
0   OJ  No  L   154,  25. 6. 1993, p. 21 .                            (9) OJ No L 123, 4. 5. 1989, p. 23 .
(8) OJ  No  L   250,  29. 8 . 1992, p. 14.                            H OJ No L 185, 28. 7. 1993, p. 19 .
 ---pagebreak---  31 . 7. 93                            Official Journal of the European Communities                           No L 191 / 51
 Whereas the representative market rates defined in              HAS ADOPTED THIS REGULATION :
 Article 1 of Council Regulation (EEC) No 3813/92 (!) are
 used to convert amounts expressed in third country                                      Article 1
 currencies and are used as the basis for determining the
 agricultural conversion rates of the Member States' curren­     1 . The aid for unginned cotton provided for in
 cies ; whereas detailed rules on the application and deter­     Article 5 of Regulation (EEC) No 2169/81 shall be :
 mination of these conversions are laid down in Commis­
 sion Regulation (EEC) No 1 068/93 (2) ;                         — ECU 63,419 per 100 kilograms.
Whereas the aid must be fixed once a month, and in such          2.    However, the amount of the aid for 1993/94 shall be
 a way that it can be applied for the first day of the month     confirmed or replaced with effect from 1 August 1993 to
 following the date of fixing ; whereas it may be altered        take account of the consequences of the system of
 between fixings ;                                               maximum guaranteed quantities.
Whereas it follows from applying these provisions to the                                 Article 2
 offers and quotations known to the Commission that the
aid for cotton should be as set out in this Regulation,          This Regulation shall enter into force on 1 August 1 993.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 30 July 1993.
                                                                          For the Commission
                                                                            Rene STEICHEN
                                                                      Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
O OJ No L 108, 1 . 5. 1993, p. 106.