CELEX: 31995R1234
Language: en
Date: 1995-05-31 00:00:00
Title: COMMISSION REGULATION (EC) No 1234/95 of 31 May 1995 fixing the aid for cotton

1 . 6. 95             EN                   Official Journal of the European Communities                            No L 121 /21
                                       COMMISSION REGULATION (EC) No 1234/95
                                                           of 31 May 1995
                                                      fixing the aid for cotton
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           1987 adjusting the system of aid for cotton (6), as last
                                                                      amended by Regulation (EC) No 2760/94 (7), the aid for
                                                                      cotton for the 1995/96 makerting year is reduced by ECU
Having regard to the Treaty establishing the European                 7,102/ 100 kilograms as fixed by Commission Regulation
Community,                                                            (EC) No 2150/94 (8), as amended by Regulation (EC) No
                                                                      3012/94 (9), and by the reduction fixed to take account of
Having regard to the Act of Accession of Greece, and in               the expected overrun of the maximum guaranteed quan­
particular paragraphs 3 and 10 of Protocol 4 on cotton                tity fixed by the second subparagraph of Article 2 ( 1 ) of
annexed thereto, as amended by Protocol 14 annexed to                 Regulation (EEC) No 1964/87 ; whereas, in these circum­
the Act of Accession of Spain and Portugal, and Commis­               stances, the amount of the aid has been provisionally
sion Regulation (EEC) No 4006/87 ('),                                 calculated on the basis of an overall provisional reduction
                                                                      of ECU 33,078/ 100 kilograms ;
Having regard to Council Regulation (EEC) No 2169/81
of 27 July 1981 laying down the general rules for the                 Whereas the world market price for unginned cotton is
system of aid for cotton (2), as last amended by Regulation           determined periodically on the basis of the world prices
(EEC) No 1554/93 (3), and in particular Article 5 ( 1 )               recorded for ginned cotton and cotton seed, talking into
thereof,                                                              account the estimated yield of the Community harvest in
                                                                      cotton seed and in ginned cotton and also the net cost of
Whereas, pursuant to Article 5 of Regulation (EEC) No                 ginning ;
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 world market price for ginned cotton and
                                                                      cotton seed is determined in accordance with Article 4 of
                                                                      Regulation (EEC) No 2169/81 ;
Whereas the aid is equal to the difference between these
two prices ;
                                                                      Whereas, if the world market price for unginned cotton
Whereas the third sentence of Article 7 ( 1 ) of Commis­               cannot be determined as described above, this price shall
sion Regulation (EEC) No 1201 /89 of 3 May 1989 laying                be established on the basis of the most recent price deter­
down rules implementing the system of aid for cotton (4),              mined ;
as last amended by Regulation (EEC) No 2046/93 (5),
stipulates that aid applications may be lodged during
June and July 1995 for both the 1994/95 and 1995/96                    Whereas the world market price for unginned cotton is
 marketing years ; whereas the aid valid for the two marke­            equal to the sum of the values for ginned cotton seed
 ting years in question should therefore be fixed during               defined in Article 1 of Commission Regulation (EEC) No
 those months ;
                                                                       1201 /89 minus the cost of ginning ;
Whereas in the absence of a guide price for cotton valid
 for the 1995/96 marketing year, the amount of aid to be               Whereas the above values are established on the basis of
 granted where it is fixed in advance for that marketing               the prices determined in accordance with Articles 2 and 3
 year can be fixed only provisionally on the basis of the              of Regulation (EEC) No 1201 /89 ; whereas the world
 Commission's most recent price proposals to the Council               market price is determined on the basis of the most
 for the 1995/96 marketing year ; whereas this amount                  favourable offers and quotations recorded, excluding offers
 must therefore be applied provisionally only, and must be             and quotations which cannot be regarded as representa­
 confirmed or replaced as soon as the price for 1995/96                tive of the real market trend ;
 marketing year is known ;
 Whereas, pursuant to the second subparagraph of Article               Whereas the necessary adjustments must be made in cases
 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July                where the offers and quotations recorded do not satisfy
                                                                       the requirements indicated above ;
 (') OJ No  L 377,  31 . 12. 1987, p. 49 .
 (2) OJ No  L 211 , 31 . 7. 1981 , p. 2.                               («) OJ No  L 184,  3. 7. 1987, p.   14.
 0   OJ No  L 154,  25. 6. 1993, p. 23.                                0   OJ No  L 294,  15. 11 . 1994,  p. 1 .
 (4) OJ No  L 123,  4. 5. 1989, p. 23.                                 (8) OJ No  L 228,  1 . 9. 1994, p.  31 .
 0   OJ No  L 185,  28. 7. 1993, p. 19.                                0   OJ No  L 320,  13. 12. 1994,   p. 9.
 ---pagebreak--- No L 121 /22       I EN I                Official Journal of the European Communities                                  1 . 6. 95
Whereas, pursuant to Article 4 (4) of Regulation (EEC) No          the proposal provides in particular for amendments to the
2169/81 , if there are no suitable offers or quotations for        method for determining the world market price for
determining the world market price for cotton seed, that           unginned cotton and to the stabilizer system and fixes a
price shall be established on the basis of the most favou­         guide price for the 1995/96 marketing year ; whereas,
rable offers and quotations for cotton seed recorded on            should the proposal be adopted by the Council and apply
the Community market or, if those offers and quotations            to the 1995/96 marketing year, the aid will have to be
cannot be established, on the basis of the value of the            replaced by an amount calculated in accordance with the
products obtained from processing the seed in the                  new provisions applicable,
Community, less the processing cost ; whereas this value
is determined in accordance with Article 4 of Regulation
(EEC) No 1201 /89 ;                                                HAS ADOPTED THIS REGULATION :
Whereas the representative market rates defined in Article
1 of Council Regulation (EEC) No 381 3/92 ('), as last                                      Article 1
amended by Regulation (EC) No 1 50/95 (2), are used to
convert amounts expressed in third country currencies               1 . The aid for unginned cotton provided for in Article
and are used as the basis for determining the agricultural         5 of Regulation (EEC) No 2169/81 shall be :
conversion rates of the Member States' currencies ;
whereas detailed rules on the application and determina­           — ECU 45,049 per 100 kilograms for the 1994/95
tion of these conversions are laid down in Commission                   marketing year,
Regulation (EEC) No 1 068/93 (3), as last amended by               — ECU 54,766 per 100 kilograms for the 1995/96
Regulation (EC) No 1053/95 (4);                                         marketing year.
Whereas the aid must be fixed once a month, and in such
a way that it can be applied for the first day of the month        2.    However, the amount of the aid for 1995/96 shall be
following the date of fixing ; whereas it may be altered           confirmed or replaced with effect from 1 June 1995 to
between fixings ;                                                  take account of the guide price for cotton for that mar­
                                                                    keting year, the consequences of the stabilizer system and
Whereas it follows from applying these provisions to the            any adaptations to the arrangements.
offers and quotations known to the Commission that the
aid for cotton should be as set out in this Regulation ;
                                                                                            Article 2
Whereas the Commission has presented a proposal to the
Council to adapt the system of aid for cotton ; whereas            This Regulation shall enter into force on 1 June 1995.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 31 May 1995.
                                                                             For the Commission
                                                                                Franz FISCHLER
                                                                         Member of the Commission
(') OJ No   L 387, 31 . 12. 1992, p. 1 .
(2) OJ No   L 22, 31 . 1 . 1995, p. 1 .
0   OJ No   L 108, 1 . 5. 1993, p. 106.
(4) OJ No   L 107, 12. 5. 1995, p. 4.