CELEX: 31985R2468
Language: en
Date: 1985-08-31 00:00:00
Title: Commission Regulation (EEC) No 2468/85 of 30 August 1985 fixing the aid for cotton

No L 234/40                             Official Journal of the European Communities                              31 . 8 . 85
                                     COMMISSION REGULATION (EEC) No 2468/85
                                                         of 30 August 1985
                                                     fixing the aid for cotton
 THE COMMISSION OF THE EUROPEAN                                      last amended by Regulation (EEC) No 2428/85 (*),
  COMMUNITIES,                                                       minus the cost of ginning ;
  Having regard to the Treaty establishing the European              Whereas the above values are established on the basis
  Economic Community,                                                of the prices determined in accordance with Articles 2
                                                                     and 3 of Commission Regulation (EEC) No 2183/81 ;
  Having regard to the Act of Accession of Greece, and               whereas the world market price is determined on the
 in particular paragraphs 3 and 10 of Protocol 4 thereto,            basis of the most favourable offers and quotations
                                                                     recorded, excluding offers and quotations which
 Having regard to Council Regulation (EEC) No                        cannot be regarded as representative of the real market
 2169/81 of 27 July 1981 laying down the general rules               trend ; whereas, with regard to cotton seed, account
 for the system of aid for cotton ('), as last amended by            must be taken of the offers and quotations recorded on
 Regulation (EEC) No 1976/85 (2), and in particular                  the principal markets in Greece ;
 Article 5 (1 ) thereof,
                                                                     Whereas the necessary adjustments must be made in
 Having regard to the opinion of the Monetary                        cases where the offers and quotations recorded do not
 Committee,                                                          satisfy the requirements indicated above ;
                                                                    Whereas, under Article 4 (4) of Regulation (EEC) No
 Whereas, under Article 5 of Regulation (EEC) No                     2169/81 , if there are no suitable offers or quotations
 2169/81 , aid must be granted for unginned cotton                   for determining the world "market price for cotton
 harvested in the Community when the world market                    seed, this price is to be established on the basis of the
 price for unginned cotton is below the guide price ;
                                                                    value of the products obtained from the processing of
                                                                    those seeds, less the cost of crushing ; whereas this
 Whereas the aid is equal to the difference between                 value is determined in accordance with Article 4 of
 these two prices ;
                                                                    Regulation (EEC) No 2183/81 ;
 Whereas the guide price for the 1985/86 marketing                  Whereas, if the subsidy system is to operate normally,
 year was fixed by Council Regulation (EEC) No                      subsidies should be calculated on the following basis :
 1500/85 of 23 May 1985 (3) ;
                                                                    — in the case of currencies which are maintained in
 Whereas the world market price for unginned cotton                      relation to each other at any given moment within
 is determined periodically on the basis of the world                    a band of 2,25 % , a rate of exchange based on
 market prices recorded for ginned cotton and cotton                     their central rate, multiplied by the coefficient
 seed, taking into account the estimated yield of the                    provided for in Article 2b (2) of Regulation (EEC)
 Community harvest in cotton seed and in ginned                          No 974/71 (*), as last amended by Regulation (EEC)
 cotton and also the net cost of ginning ;                               No 855/84 0,
                                                                    — for other currencies, an exchange rate based on the
 Whereas the world market price for ginned cotton and                    arithmetic mean of the spot market rates of each of
 cotton seed is determined in accordance with Article 4
                                                                         these currencies recorded over a given period in
 of Regulation (EEC) No 2169/81 ;                                        relation to the Community currencies referred to
                                                                         in the previous indent, and the aforesaid coeffi­
Whereas, if the world market price for unginned                          cient ;
 cotton cannot be determined as described above, this
 price shall be established on the basis of the most                Whereas the aid must be fixed once a month, and in
 recent price determined ;                                          such a way that it can be applied from the first day of
                                                                    the month following the date of fixing ; whereas it
Whereas the world market price for unginned cotton                  may be altered between - fixings ;
is equal to the sum of the values for ginned cotton and
cotton seed defined in Article 1 of Commission Regu­                Whereas it follows from applying these provisions to
lation (EEC) No 2183/81 of 30 July 1981 laying down                 the offers and quotations known to the Commission
                                                                    that the aid for cotton should be as set out in this
rules implementing the system of aid for cotton (4), as
                                                                    Regulation,
(') OJ  No  L 211 ,  31 . 7. 1981 , p. 2.
(2) OJ  No  L  186,  19 . 7. 1985,  p. 1.                           0 OJ No L 230, 29 . 8 . 1985, p. 12.
(3) OJ  No  L  151 , 10 . 6. 1985,  p. 25.                          (j OJ No L 106, 12. 5. 1971 , p. 1 .
(4) OJ  No  L 211 ,  31 . 7. 1981 , p. 35.                          O OJ No L 90, 1 . 4. 1984, p. 1 .
 ---pagebreak--- 31 . 8 . 85                      Official Journal of the European Communities                        No L 234/41
HAS ADOPTED THIS REGULATION :                                                     Article 2
                      Article 1
The aid for unginned cotton referred to in Article 5 of
Regulation (EEC) No 2169/81 shall be 55,833 ECU             This Regulation shall enter into force on 1 September
per 100 kilograms.                                          1985.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 30 August 1985.
                                                                    For the Commission
                                                                     Frans ANDRIESSEN
                                                                        Vice-President