CELEX: 31991R2880
Language: en
Date: 1991-10-01 00:00:00
Title: Commission Regulation (EEC) No 2880/91 of 30 September 1991 fixing the aid for cotton

No L 274/48                             Official Journal of the European Communities                                  1 . 10 . 91
                                         COMMISSION REGULATION (EEC) No 2880/91
                                                       of 30 September 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                 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 (6), as last
  annexed thereto, as amended by Protocol 14 annexed to              amended by Regulation (EEC) No 2756/91 (7), 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                the prices determined in accordance with Articles 2 and 3
 of 27 July 1981 laying down the general rules for the               of Commission Regulation (EEC) No 1201 /89 ; whereas
 system of aid for cotton (2), as last amended by Regulation         the world market price is determined on the basis of the
 (EEC) No 791 /89 (3), and in particular Article 5 (1 ) thereof,     most favourable offers and quotations recorded, excluding
                                                                     offers and quotations which cannot be regarded as repre­
 Having regard to the opinion of the Monetary Committee,             sentative of the real market trend :
 Whereas,    pursuant to Article 5 of Regulation (EEC) No
 2169/81 ,   aid must be granted for unginned cotton                 Whereas the necessary adjustments must be made in cases
 harvested    in the Community when the world market                 where the offers and quotations recorded do not satisfy
 price for   unginned cotton is below the guide price ;              the requirements indicated above ;
 Whereas the aid is equal to the difference between these            Whereas, pursuant to Article 4 (4) of Regulation (EEC) No
 two prices ;                                                        2169/81 , if there are no suitable offers or quotations for
                                                                     determining the world market price for cotton seed, that
 Whereas the guide price for cotton has been fixed by                price shall be established on the basis of the most
 Council Regulation (EEC) No 1730/91 (4) for the 1991 /92            favourable offers and quotations for cotton seed recorded
 marketing year ;                                                    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
                                                                     Community, less the processing cost ; whereas this value
 appropriate, from the system of maximum guaranteed                  is determined in accordance with Article 4 of Regulation
 quantities for the 1991 /92 marketing year, has been fixed
                                                                     (EEC) No 1201 /89 ;
 by Commission Regulation (EEC) No 2606/91 (*);
Whereas the world market price for unginned cotton is               Whereas, if the subsidy system is to operate normally,
determined periodically on the basis of the world market             subsidies should be calculated on the following basis :
 prices recorded for ginned cotton and cotton seed, taking
 into account the estimated yield of the Community
 harvest in cotton seed and in ginned cotton and also the           — in the case of currencies which are maintained in rela­
 net cost of ginning ;                                                   tion to each other at any given moment within a band
                                                                         of 2,25 % , a rate of exchange based on their central
Whereas the world market price for ginned cotton and                     rate, multiplied by the corrective factor provided for in
cotton seed is determined in accordance with Article 4 of                the last paragraph of Article 3 (1 ) of Council Regula­
Regulation (EEC) No 2169/81 ;                                            tion (EEC) No 1676/85 (8), as last amended by Regula­
                                                                         tion (EEC) No 2205/90 (9),
0    OJ  No L 377, 31 . 12. 1987, p. 49.
0    OJ  No L 211 , 31 . 7. 1981 , p. 2.                            (6) OJ  No   L 123,  4. 5. 1989, p. 23.
0    OJ  No L 85, 30. 3. 1989, p. 7.                                0   OJ  No   L 264,  20. 9. 1991 , p. 21 .
(4)  OJ  No L 163, 26. 6. 1991 , p. 1 .                             (8) OJ  No   L 164,  24. 6. 1985, p. 1 .
(*)  See page 53 of this Official Journal.                          ('  OJ  No   L 201 , 31 . 7. 1990, p. 9 .
 ---pagebreak---  1 . 10 . 91                          Official Journal of the European Communities                           No L 274/49
— for the other currencies, an exchange rate based on an         whereas it follows from applying these provisions to the
      average of the ecu rates published in the Official         offers and quotations known to the Commission that the
     Journal of the European Communities, C series, over         aid for cotton should be as set out in this Regulation,
     a period to be determined, multiplied by the coeffi­
     cient referred to in the preceding indent ;
                                                                 HAS ADOPTED THIS REGULATION :
                                                                                         Article 1
                                                                 The aid for unginned cotton provided for in Article 5 of
                                                                 Regulation (EEC) No 2169/81 shall be ECU 65,860 per
                                                                 1 00 kilograms.
Whereas the aid must be fixed once a month, and in such
a way that it can be applied from the first day of the                                   Article 2
month following the date of fixing ; whereas it may be
altered between fixings ;                                        This Regulation shall enter into force on 1 October 1991 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 30 September 1991 .
                                                                          For the Commission
                                                                           Ray MAC SHARRY
                                                                      Member of the Commission