CELEX: 31989R1176
Language: en
Date: 1989-04-29 00:00:00
Title: Commission Regulation (EEC) No 1176/89 of 28 April 1989 fixing the aid for cotton

29 . 4 . 89                             Official Journal of the European Communities                                No L 121 /49
                                    COMMISSION REGULATION (EEC) No 1176/89
                                                         of 28 April 1989
                                                   fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         be established on the basis of the most recent price deter­
                                                                     mined ;
Having regard to the Treaty establishing the European
Economic Community,                                                 Whereas the world market price for unginned cotton is
                                                                    equal to the sum of the values for ginned cotton and
Having regard to the Act of Accession of Spain and                  cotton seed defined in Article 1 of Commission Regula­
Portugal,                                                            tion (EEC) No 2183/81 of 30 July 1981 laying down rules
                                                                    implementing the system of aid for cotton (4), as last
Having regard to the Act of Accession of Greece, and in             amended by Regulation (EEC) No 2993/88 (*), minus the
particular paragraphs 3 and 10 of Protocol 4 on cotton               cost of ginning ;
annexed thereto, as amended by Protocol 14 annexed to
the Act of Accession of Spain and of Portugal, and Regu­            Whereas the above values are established on the basis of
lation (CEE) No 4006/87 ('),                                         the prices determined in accordance with Articles 2 and 3
                                                                    of Commission Regulation (EEC) No 2183/81 ; whereas
Having regard to Council Regulation (EEC) No 2169/81                the world market price is determined on the basis of the
of 27 July 1981 laying down the general rules for the                most favourable offers and quotations recorded, excluding
system of aid for cotton (2), as last amended by Regulation         offers and quotations which cannot be regarded as repre­
(EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof,    sentative of the real market trend ;
Having regard to the opinion of the Monetary Committee,             Whereas the necessary adjustments must be made in cases
                                                                    where the offers and quotations recorded do not satisfy
Whereas,     under Article 5 of Regulation (EEC) No                  the requirements indicated above ;
2169/81 ,   aid must be granted for unginned cotton
harvested    in the Community when the world market                 Whereas, under Article 4 (4) of Regulation (EEC) No
price for   unginned cotton is below the guide price ;               2169/81 , if there are no suitable offers or quotations for
                                                                    determining the world market price for cotton seed, that
Whereas the aid is equal to the difference between these            price shall be established on the basis of the most
two prices ;                                                        favourable offers and quotations for cotton seed recorded
                                                                    on the Community market or, if those offers and quota­
Whereas in the absence of the guide price for cotton                 tions cannot be established on the basis of the value of
applicable during the 1989/90 marketing year, the aid                the products obtained from processing the seed in the
amount have been fixed on the basis of the Commission's
                                                                     Community, less the processing cost ; whereas this value
latest proposals to the Council ; whereas this amount                is determined in accordance with Article 4 of Regulation
must be provisionally applied and confirmed or altered              (EEC) No 2183/81 ;
when the 1989/90 marketing year prices are known ;
                                                                    Whereas, if the subsidy system is to operate normally,
Whereas the abatement of the subsidy which arises, where            subsidies should be calculated on the following basis :
appropriate, from the system of maximum guaranteed
quantities for the 1989/90 year, has not, to date, been             — in the case of currencies which are maintained in rela­
fixed ; whereas the amount of the subsidy for the 1 989/90               tion to each other at any given moment within a band
year has been provisionally calculated on the basis of an                of 2,25 % , a rate of exchange based on their central
abatement of 24,005 ECU per 100 kilograms ;                              rate, multiplied by the corrective factor provided for in
                                                                         the last paragraph of Article 3 ( 1 ) of Council Regula­
Whereas the world market price for unginned cotton is                    tion (EEC) No 1676/85 (6), as last amended by Regula­
determined periodically on the basis of the world market                 tion (EEC) No 1 636/87 0,
prices recorded for ginned cotton and cotton seed, taking           — for other currencies, an exchange rate based on the
into account the estimated yield of the Community                        arithmetic mean of the spot market rates of each of
harvest in cotton seed and in ginned cotton and also the                 these currencies recorded over a given period in rela­
net cost of ginning ;                                                    tion to the Community currencies referred to in the
                                                                         previous indent, and the aforesaid coefficient ;
Whereas the world market price for ginned cotton and
cotton seed is determined in accordance with Article 4 of           Whereas the aid must be fixed once a month, and in such
Regulation (EEC) No 2169/81 ;                                       a way that it can be applied from the first day of the
                                                                    month following the date of fixing ; whereas it may be
Whereas, if the world market price for unginned cotton              altered between fixings ;
cannot be determined as described above, this price shall
                                                                    (4) OJ  No  L  211 , 31 . 7. 1981 , p. 35.
(') OJ No L 377, 31 . 12. 1987, p. 48.                              0   OJ  No  L  270, 30 . 9 . 1988, p. 61 .
0 OJ No L 211 , 31 . 7. 1981 , p. 2.                                («) OJ  No  L  164, 24. 6. 1985, p. 1 .
0 OJ No L 85, 30. 3. 1989, p. 7.                                    O   OJ  No  L  153, 13. 6. 1987, p. 1 .
 ---pagebreak--- No L 121 /50                       Official Journal of the European Communities                              29 . 4. 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 1 May 1989 to take account
aid for cotton should be as set out in this Regulation,        of the guide price of cotton adopted in respect of the
                                                               1989/90 marketing year and, as the case may be, which
                                                               appear to have been offered in the largest quantities.
HAS ADOPTED THIS REGULATION :
                                                                                        Article 2
                        Article 1                              This Regulation shall enter into force on the day of its
                                                               publication in the Official Journal of the European
1 . The aid for unginned cotton provided for in Article        Communities.
5 of Regulation (EEC) No 2169/81 shall be 40,833 ECU
per 100 kilograms.                                             It shall apply with effect from 1 May 1989 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 28 April 1989.
                                                                        For the Commission
                                                                         Ray MAC SHARRY
                                                                    Member of the Commission