CELEX: 31989R1353
Language: en
Date: 1989-05-19 00:00:00
Title: Commission Regulation (EEC) No 1353/89 of 18 May 1989 fixing the aid for cotton

19 . 5 . 89                               Official Journal of the European Communities                              No L 135/ 13
                                       COMMISSION REGULATION (EEC) No 1353/89
                                                          of 18 May 1989
                                                     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 (*), minus the
Having regard to the Act of Accession of Spain and                   cost of ginning ;
Portugal,
                                                                     Whereas the above values are established on the basis of
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 on cotton               the prices determined in accordance with Articles 2 and 3
annexed thereto, as amended by Protocol 14 annexed to                of Commission Regulation (EEC) No 1201 /89 ; whereas
the Act of Accession of Spain and of Portugal, and Regu­             the world market price is determined on the basis of the
lation (CEE) No 4006/87 ('),                                         most favourable offers and quotations recorded, excluding
                                                                     offers and quotations which cannot be regarded as repre­
Having regard to Council Regulation (EEC) No 2169/81                 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          Whereas the necessary adjustments must be made in cases
(EEC) No 791 /89 (3), and in particular Article 5.(1 ) thereof,      where the offers and quotations recorded do not satisfy
                                                                     the requirements indicated above ;
Having regard to the opinion of the Monetary Committee,
Whereas,     under Article 5 of Regulation (EEC) No                  Whereas, under Article 4 (4) of Regulation (EEC) No
2169/81 ,   aid must be granted for unginned cotton                  2169/81 , if there are no suitable offers or quotations for
harvested    in the Community when the world market                  determining the world market price for cotton seed, that
price for   unginned cotton is below the guide price ;               price shall be established on the basis of the most
                                                                     favourable offers and quotations for cotton seed recorded
Whereas the aid is equal to the difference between these             on the Community market or, if those offers and quota­
two prices ;                                                         tions cannot be established on the basis of the value of
                                                                     the products obtained from processing the seed in the
Whereas the guide price for the 1989/90 marketing year               Community, less the processing cost ; whereas this value
was fixed by Council Regulation (EEC) No 1241 /89 (4) ;              is determined in accordance with Article 4 of Regulation
                                                                     (EEC) No 1201 /89 ;
Whereas the abatement of the subsidy which arises, where
appropriate, from the system of maximum guaranteed                   Whereas, if the subsidy system is to operate normally,
quantities for the 1989/90 year, has not, to date, been              subsidies should be calculated on the following basis :
fixed ; whereas the amount of the subsidy for the 1989/90
year has been provisionally calculated on the basis of an
abatement of 24,005 ECU per 100 kilograms ;                          — in the case of currencies which are maintained in rela­
                                                                          tion to each other at any given moment within a band
Whereas the world market price for unginned cotton is                     of 2,25 %, a rate of exchange based on their central
determined periodically on the basis of the world market                  rate, multiplied by the corrective factor provided for in
prices recorded for ginned cotton and cotton seed, taking                 the last paragraph of Article 3 (1 ) of Council Regula­
into account the estimated yield of the Community                         tion (EEC) No 1676/85 (6), as last amended by Regula­
harvest in cotton seed and in ginned cotton and also the                  tion (EEC) No 1636/87 0,
net cost of ginning ;                                                — for other currencies, an exchange rate based on the .
                                                                          arithmetic mean of the spot market rates of each of
Whereas the world market price for ginned cotton and                      these currencies recorded over a given period in rela­
cotton seed is determined in accordance with Article 4 of
                                                                          tion to the Community currencies referred to in the
Regulation (EEC) No 2169/81 ;                                             previous indent, and the aforesaid coefficient ;
Whereas, if the world market price for unginned cotton
cannot be determined as described above, this price shall            Whereas the aid must be fixed once a month, and in such
be established on the basis of the most recent price deter­          a way that it can be applied from the first day of the
mined ;                                                              month following the date of fixing ; whereas it may be
                                                                     altered between fixings ;
(') OJ   No L  377, 31 . 12. 1987, p. 48.
0   OJ   No L  211 , 31 . 7. 1981 , p. 2.                            0 OJ No L 123, 4. 5. 1989, p. 23.
(3) OJ   No L  85, 30. 3. 1989, p. 7.                                (6) OJ No L 164, 24. 6. 1985, p. 1 .
(<) OJ   No L  129, 11 . 5. 1989, p. 1 .                             O OJ No L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- No L . 135/ 14                     Official Journal of the European Communities                                19 . 5. 89
Whereas it follows from applying these provisions to the       2.    However, the amounts of the aid will be confirmed
offers and quotations known to the Commission that the         or replaced with effect from 19 May 1989 to take account
aid for cotton should be as set out in this Regulation,        of the 1989/90 marketing year, as the case may be, which
                                                               appear to have been offered in the largest quantities.
HAS ADOPTED THIS REGULATION :
                        Article 1
                                                                                        Article 2
1 . The aid for unginned cotton provided for in Article
5 of Regulation (EEC) No 2169/81 shall be 38,743 ECU
per 100 kilograms.                                             This Regulation shall enter into force on 19 May 1989.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 18 May 1989 .
                                                                        For the Commission
                                                                         Ray MAC SHARRY
                                                                    Member of the Commission