CELEX: 31985R3750
Language: en
Date: 1985-12-31 00:00:00
Title: Commission Regulation (EEC) No 3750/85 of 30 December 1985 fixing the aid for cotton

No L 356/40                             Official Journal of the European Communities                                   31 . 12. 85
                                    COMMISSION REGULATION (EEC) No 3750/85
                                                     of 30 December 1985
                                                   fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       cotton seed defined in Article 1 of Commission Regula­
                                                                  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 Treaty establishing the European             amended by Regulation (EEC) No 2428/85 (*), minus the
Economic Community,                                               cost of ginning ;
Having regard to the Act of Accession of Greece, and in
particular paragraphs 3 and 10 of Protocol 4 thereto,             Whereas the above values are established on the basis of
                                                                  the prices determined in accordance with Articles 2 and 3
Having regard to Council Regulation (EEC) No 2169/81              of Commission Regulation (EEC) No 2183/81 ; whereas
of 27 July 1981 laying down the general rules for the             the world market price is determined on the basis of the
system of aid for cotton ('), as last amended by Regulation       most favourable offers and quotations recorded, excluding
(EEC) No 1 976/85 (2), and in particular Article 5 ( 1 )          offers and quotations which cannot be regarded as repre­
thereof,                                                          sentative of the real market trend ; whereas, with regard to
                                                                  cotton seed, account must be taken of the offers and
                                                                  quotations recorded on the principal markets in Greece ;
Having regard to the opinion of the Monetary Committee,
Whereas,    under Article 5 of Regulation (EEC) No                Whereas the necessary adjustments must be made in cases
2169/81 ,  aid must be granted for unginned cotton                where the offers and quotations recorded do not satisfy
harvested   in the Community when the world market                the requirements indicated above ;
price for  unginned cotton is below the guide price ;
Whereas the aid is equal to the difference between these
two prices ;                                                      Whereas, under Article 4 (4) of Regulation (EEC) No
                                                                   2169/81 , if there are no suitable offers or quotations for
                                                                   determining the world market price for cotton seed, this
Whereas the guide price for the 1985/86 marketing year             price is to be established on the basis of the value of the
was fixed by Council Regulation (EEC) No 1500/ 85 of 23            products obtained from the processing of those seeds, less
May 1985 (3) ;                                                     the cost of crushing ; whereas this value is determined in
                                                                   accordance with Article 4 of Regulation (EEC) No
                                                                   2183 / 81 ;
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
into account the estimated yield of the Community                  Whereas, if the subsidy system is to operate normally,
harvest in cotton seed and in ginned cotton and also the           subsidies should be calculated on the following basis :
net cost of ginning ;
Whereas the world market price for ginned cotton and               — in the case of currencies which are maintained in rela­
cotton seed is determined in accordance with Article 4 of
                                                                       tion to each other at any given moment within a band
Regulation (EEC) No 2169/81 ;                                          of 2,25 % , a rate of exchange based on their central
                                                                        rate, multiplied by the corrective factor provided for in
Whereas, if the world market price for unginned cotton                  the last paragraph of Article 3 ( 1 ) of Regulation (EEC)
cannot be determined as described above, this price shall               No 1676/85 (6),
be established on the basis of the most recent price deter­
mined ;                                                            — for other currencies, an exchange rate based on the
                                                                        arithmetic mean of the spot market rates of each of
                                                                        these currencies recorded over a given period in rela­
Whereas the world market price for unginned cotton is                   tion to the Community currencies referred to in the
equal to the sum of the values for ginned cotton and                    previous indent, and the aforesaid coefficient ;
(') OJ No L 211 , 31 . 7. 1981 , p. 2.                             (4) OJ No L 211 , 31 . 7. 1981 , p . 35 .
(2) OJ No L 186, 19 . 7. 1985, p. 1 .                              0 OJ No L 230 , 29 . 8 . 1985, p . 12.
0 OJ No L 151 , 10 . 6. 1985, p. 25 .                               6 OJ No L 164, 24. 6 . 1985, p . 1 .
 ---pagebreak--- 31 . 12. 85                        Official Journal of the European Communities                             No L 356 /41
Whereas the aid must be fixed once a month, and in such        HAS ADOPTED THIS REGULATION :
a way that it can be applied from the first day of the
month following the date of fixing ; whereas it may be                                 Article 1
altered between fixings ;
                                                               The aid for unginned cotton referred to in Article 5 of
                                                               Regulation (EEC) No 2169/81 shall be 66,740 ECU per
                                                               100 kilograms.
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 January 1986.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 30 December 1985 .
                                                                        For the Commission
                                                                         Frans ANDRIESSEN
                                                                            Vice-President