COMMISSION REGULATION (EEC) No 2420/93 of 31 August 1993 fixing, for unginned cotton, the actual production for the 1992/93 marketing year, the estimated production and the reduction in the aid for the 1993/94 marketing year and the amount by  which the guide price is to be reduced for the 1994/95 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Greece, and in particular Protocol 4 on cotton, as amended by the Act of Accession of Spain and Portugal, and in particular Protocol 14 annexed thereto,
Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the system of aid for cotton (1), as last amended by Regulation (EEC) No 1554/93 (2), and in particular Article 11 thereof,
Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (3), and in particular Article 9 (1) thereof,
Whereas Article 7 (1) of Regulation (EEC) No 2169/81 provides that the actual production in each marketing year is to be determined each year, taking account in particular of the quantities for which the aid has been applied for; whereas the application  of that criterion gives the actual production for the 1992/93 marketing year indicated below;
Whereas Article 8 of Regulation (EEC) No 2169/81 provides that the estimated production of cotton must be established before the beginning of each marketing year; whereas, on the basis of the figures available, the estimated production for the 1993/94  marketing year should be fixed at the figure given below;
Whereas, pursuant to Article 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July 1987 adjusting the system of aid for cotton introduced by Protocol 4 annexed to the Act of Accession of Greece (4), as last amended by Regulation (EEC) No 1553/93 (5),  where the maximum guaranteed quantity is exceeded by the estimated production, the aid should be reduced in accordance with the criteria laid down in that paragraph; however, the reduction in aid for the 1993/94 marketing year is limited to 15 % of the  guide price but any reduction exceeding that limit is deducted from the guide price of the following marketing year up to a maximum of 5 %; whereas the application of the abovementioned provisions leads to the fixing of a reduction in the aid for the  1993/94 marketing year and a reduction of the guide price for 1994/95 for those indicated below;
Whereas this Regulation is in accordance with the opinion of the Management Committee for Flax and Hemp,
1. For the 1992/93 marketing year, actual production of unginned cotton is hereby determined at 984 617 tonnes.
2. For the 1993/94 marketing year:
- the estimated production is hereby fixed at 1 067 433 tonnes,
- the reduction in the amount of the aid is hereby fixed at ECU 20,293 per 100 kg.
3. For the 1994/95 marketing year, the guide price shall be reduced by ECU 5,073 per 100 kg.
This Regulation shall enter into force on 1 September 1993.
This Regulation shall be binding in its entirety and directly applicable in all Member States.