CELEX: 31991R1100
Language: en
Date: 1991-05-01 00:00:00
Title: Commission Regulation (EEC) No 1100/91 of 30 April 1991 fixing the aid for cotton

1 . 5 . 91                               Official Journal of the European Communities                               No L 110/35
                                      COMMISSION REGULATION (EEC) No 1100/91
                                                         of 30 April 1991
                                                    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
Portugal,                                                           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 Greece, and in            cotton seed defined in Article 1 of Commission Regula­
particular paragraphs 3 and 10 of Protocol 4 on cotton              tion (EEC) No 1201 /89 of 3 May 1989 laying down rules
annexed thereto, as amended by Protocol 14 annexed to               implementing the system of aid for cotton (4), as last
the Act of Accession of Spain and of Portugal, and Regu­            amended by Regulation (EEC) No 2432/90 (% minus the
lation (EEC) No 4006/87 (■),                                        cost of ginning ;
 Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the               Whereas the above values are established on the basis of
system of aid for cotton (2), as last amended by Regulation         the prices determined in accordance with Articles 2 and 3
(EEC) No 791 /89 (J), and in particular Article 5 (1 ) thereof,     of Commission Regulation (EEC) No 1201 /89 ; whereas
                                                                    the world market price is determined on the basis of the
Having regard to the opinion of the Monetary Committee,             most favourable offers and quotations recorded, excluding
                                                                    offers and quotations which cannot be regarded as repre­
Whereas,   pursuant to Article 5 of Regulation (EEC) No             sentative of the real market trend :
2169/81 ,  aid must be granted for unginned cotton
harvested   in the Community when the world market
price for  unginned cotton is below the guide price ;               Whereas the necessary adjustments must be made in cases
                                                                    where the offers and quotations recorded do not satisfy
Whereas the aid is equal to the difference between these            the requirements indicated above ;
two prices ;
Whereas in the absence of the guide price for cotton                Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
applicable during the 1991 /92 marketing year, the aid              2169/81 , if there are no suitable offers or quotations for
amount has been fixed conforming to the Commission's                determining the world market price for cotton seed, that
latest proposals to the Council ; whereas this amount               price shall be established on the basis of the most
must be provisionally applied and confirmed or altered              favourable offers and quotations for cotton seed recorded
when the 1991 /92 marketing year prices are known ;                 on the Community market or, if those offers and quota­
                                                                    tions cannot be established on the basis of the value of
Whereas the abatement of the subsidy which arises, where            the products obtained from processing the seed in the
appropriate, from the system of maximum guaranteed                  Community, less the processing cost ; whereas this value
quantities for the 1991 /92 marketing year, has not, to             is determined in accordance with Article 4 of Regulation
date, been fixed ; whereas the amount of the subsidy for            (EEC) No 1201 /89 ;
the 1991 /92 marketing year has been provisionally calcu­
lated on the basis of an abatement of ECU 14,379 per 100
kilograms ;                                                         Whereas, if the subsidy system is to operate normally,
                                                                    subsidies should be calculated on the following basis :
Whereas the world market price for unginned cotton is
determined periodically on the basis of the world market
prices recorded for ginned cotton and cotton seed, taking           — in the case of currencies which are maintained in rela­
into account the estimated yield of the Community                        tion to each other at any given moment within a band
harvest in cotton seed and in ginned cotton and also the                 of 2,25 % , a rate of exchange based on their central
net cost of ginning ;                                                    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 ginned cotton and                     tion (EEC) No 1676/85 (6), as last amended by Regula­
cotton seed is determined in accordance with Article 4 of
                                                                         tion (EEC) No 2205/90 (7),
Regulation (EEC) No 2169/81 ;
                                                                    (4) OJ  No  L  123 , 4. 5. 1989, p. 23 .
(') OJ No L 377, 31 . 12. 1987, p. 49 .                             O   OJ  No  L  228 , 22. 8 . 1990 , p. 23 .
(2) OJ No L 211 , 31 . 7. 1981 , p . 2 .                            (6) OJ  No  L  164,  24. 6. 1985, p. 1 .
(■') OJ No L 85, 30 . 3 . 1989, p. 7.                               O   OJ  No  L  201 , 31 . 7. 1990 , p. 9 .
 ---pagebreak--- No L 110/36                         Official Journal of the European Communities                                  1 . 5. 91
— 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 51,436 ECU
                                                                per 100 kilograms.
Whereas the aid must be fixed once a month, and in such         2.    However, the amount of the aid will be confirmed or
a way that it can be applied from the first day of the          replaced with effect from 1 May 1991 to take account of
month following the date of fixing ; whereas it may be          the guide price of cotton adopted in respect of the
altered between fixings ;                                       1991 /92 marketing year and which appear to 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 May 1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 30 April 1991 .
                                                                         For the Commission
                                                                          Ray MAC SHARRY
                                                                     Member of the Commission