CELEX: 31992R2207
Language: en
Date: 1992-08-01 00:00:00
Title: Commission Regulation (EEC) No 2207/92 of 31 July 1992 fixing the aid for cotton

1 . 8 . 92                              Official Journal of the European Communities                               No L 218/39
                                    COMMISSION REGULATION (EEC) No 2207/92
                                                        of 31 July 1992
                                                   fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       Whereas, if the world market price for unginned cotton
                                                                  cannot be determined as described above, this price shall
Having regard to the Treaty establishing the European             be established on the basis of the most recent price deter­
Economic Community,                                               mined ;
Having regard to the Act of Accession of Spain and                Whereas the world market price for unginned cotton is
Portugal,                                                         equal to the sum of the values for ginned cotton and
                                                                  cotton seed defined in Article 1 of Commission Regula­
Having regard to the Act of Accession of Greece, and in            tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
particular paragraphs 3 and 10 of Protocol 4 on cotton            implementing the system of aid for cotton ^, as last
annexed thereto, as amended by Protocol 14 annexed to             amended by Regulation (EEC) No 2756/91 (*), minus the
the Act of Accession of Spain and of Portugal, and Regu­          cost of ginning ;
lation (EEC) No 4006/87 ('),
                                                                  Whereas the above values are established on the basis of
Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the              the prices determined in accordance with Articles 2 and 3
system of aid for cotton (2), as last amended by Regulation        of Commission Regulation (EEC) No 1201 /89 ; whereas
(EEC) No 2053/92 (3), and in particular Article 5 (1 )             the world market price is determined on the basis of the
thereof,                                                           most favourable offers and quotations recorded, excluding
                                                                  offers and quotations which cannot be regarded as repre­
                                                                   sentative of the real market trend ;
Whereas,   pursuant to Article 5 of Regulation (EEC) No
2169/81 ,  aid must be granted for unginned cotton
harvested   in the Community when the world market                Whereas the necessary adjustments must be made in cases
price for  unginned cotton is below the guide price ;             where the offers and quotations recorded do not satisfy
                                                                   the requirements indicated above ;
Whereas the aid is equal to the difference between these
two prices ;
                                                                  Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
Whereas the guide price for cotton has been fixed by               2169/81 , if there are no suitable offers or quotations for
Council Regulation (EEC) No 2055/92 for the 1992/93                determining the world market price for cotton seed, that
marketing year (4);                                                price shall be established on the basis of the most
                                                                   favourable offers and quotations for cotton seed recorded
Whereas the abatement of the subsidy which arises, where           on the Community market or, if those offers and quota­
                                                                   tions cannot be established on the basis of the value of
appropriate, from the system of maximum guaranteed
quantities for the 1992/ 1993 marketing year, has not, to          the products obtained from processing the seed in the
date, been fixed ; whereas the amount of the subsidy for           Community, less the processing cost ; whereas this value
the 1992/1993 marketing year has been provisionally                is determined in accordance with Article 4 of Regulation
calculated on the basis of an abatement of ECU 15,419             (EEC) No 1201 /89 ;
per 100 kilograms ;
                                                                   Whereas, if the subsidy system is to operate normally,
Whereas the world market price for unginned cotton is              subsidies should be calculated on the following basis :
determined periodically on the basis of the world market
prices recorded for ginned cotton and cotton seed, taking
into account the estimated yield of the Community                 — in the case of currencies which are maintained in rela­
harvest in cotton seed and in ginned cotton and also the                tion to each other at any given moment within a band
net cost of ginning ;                                                   of 2,25 %, a rate of exchange based on their central
                                                                        rate, multiplied by the corrective factor provided for in
Whereas the world market price for ginned cotton and                    the last paragraph of Article 3 (1 ) of Council Regula­
cotton seed is determined in accordance with Article 4 of               tion (EEC) No 1676/85 Q, as last amended by Regula­
Regulation (EEC) No 2169/81 ;                                           tion (EEC) No 2205/90 (8),
(') OJ No L 377, 31 . 12. 1987, p. 49.                             0   OJ  No  L  123,  4. 5. 1989, p. 23.
(2) OJ No L 211 , 31 . 7. 1981 , p. 2.                             O   OJ  No  L  264,  20. 9. 1991 , p. 21 .
0 OJ No L 215, 30. 7. 1992, p. 12.                                 f)  OJ  No  L  164,  24. 6. 1985, p. 1 .
h OJ No L 215, 30. 7. 1992, p. 14.                                 (*) OJ  No  L  201 , 31 . 7. 1990, p. 9.
 ---pagebreak--- No L 218/40                         Official Journal of the European Communities                                  1 . 8 . 92
— for the other currencies, an exchange rate based on an        HAS ADOPTED THIS REGULATION :
    average of the ecu rates published in the Official
    Journal of the European Communities, C series, over                                  Article 1
    a period to be determined, multiplied by the coeffi­
    cient referred to in the preceding indent ;                 1 . The aid for unginned cotton provided for in Article
                                                                5 of Regulation (EEC) No 2169/81 shall be ECU 72,666
Whereas the aid must be fixed once a month, and in such         per 100 kilograms.
a way that it can be applied from the first day of the          2.   However, the amount of the aid will be confirmed or
month following the date of fixing ; whereas it may be          replaced with effect from 1 August 1992, which appear to
altered between fixings ;                                       have been offered in the largest 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 1992.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 31 July 1992.
                                                                         For the Commission
                                                                          Ray MAC SHARRY
                                                                     Member of the Commission