31986R0530

1 . 3 . 86 Official Journal of the European Communities No L 55/7

COMMISSION REGULATION (EEC) No 530/86 of 28 February 1986 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, harvest in cotton seed and in ginned cotton and also the net cost of ginning ;

Having regard to the Treaty establishing the European Whereas the world market price for ginned cotton and Economic Community, cotton seed is determined in accordance with Article 4 of Regulation (EEC) No 2169/81 ; Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton Whereas, if the world market price for unginned cotton annexed thereto, as amended by Protocol 14 annexed to cannot be determined as described above, this price shall the Act of Accession of Spain and of Portugal, be established on the basis of the most recent price deter­ mined ;

Having regard to Council Regulation (EEC) No 2169/81 Whereas the world market price for unginned cotton is of 27 July 1981 laying down the general rules for the equal to the sum of the values for ginned cotton and system of aid for cotton ('), as last amended by Regulation cotton seed defined in Article 1 of Commission Regula­ (EEC) No 1976/85 (2), and in particular Article 5 ( 1 ) tion (EEC) No 2183/81 of 30 July 1981 laying down rules thereof, implementing the system of aid for cotton (*), as last amended by Regulation (EEC) No 2428/85 Q, minus the cost of ginning ; Having regard to the opinion of the Monetary Committee, Whereas the above values are established on the basis of the prices determined in accordance with Articles 2 and 3 Whereas, under Article 5 of Regulation (EEC) No of Commission Regulation (EEC) No 2183/81 ; whereas 2169/81 , aid must be granted for unginned cotton the world market price is determined on the basis of the harvested in the Community when the world market most favourable offers and quotations recorded, excluding price for unginned cotton is below the guide price ; offers and quotations which cannot be regarded as repre­ sentative of the real market trend ; whereas, with regard to cotton seed, account must be taken of the offers and Whereas the aid is equal to the difference between these quotations recorded on the principal markets in Greece ; two prices ;

Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy Whereas the guide price for the 1985/86 marketing year the requirements indicated above ; was fixed by Council Regulation (EEC) No 1 500/85 (3) ; whereas for Spain this price was fixed by Council Regula­ tion (EEC) No 459/86 (4) ; 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 Article 1 of Council Regulation (EEC) No price is to be established on the basis of the value of the 486/86 of 25 February 1986 making special arrangements products obtained from the processing of those seeds, less for the granting of the cotton production aid in Spain the cost of crushing ; whereas this value is determined in during the period 1 March to 31 August 1986 (^ states accordance with Article 4 of Regulation (EEC) No that the rules of implementation for the cotton produc­ 2183/81 ; tion aid that are in force in Spain for the 1985/86 marketing year are to remain applicable for the period 1 Whereas, if the subsidy system is to operate normally, March to 31 August 1986 ; subsidies should be calculated on the following basis :

— in the case of currencies which are maintained in rela­ Whereas the world market price for unginned cotton is tion to each other at any given moment within a band determined periodically on the basis of the world market of 2,25 % , a rate of exchange based on their central prices recorded for ginned cotton and cotton seed, taking rate, multiplied by the corrective factor provided for in into account the estimated yield of the Community the last paragraph of Article 3 ( 1 ) of Regulation (EEC) No 1676/ 85 (8), (■) OJ No L 211 , 31 . 7. 1981 , p. 2. (2) OJ No L 186, 19 . 7. 1985, p. 1 . (3) OJ No L 151 , 10 . 6. 1985, p. 25. 0 OJ No L 211 , 31 . 7. 1981 , p. 35. (4) OJ No L 53, 1 . 3 . 1986. (?) OJ No L 230 , 29 . 8 . 1985, p. 12. (*) OJ No L 54, 1 . 3 . 1986. M OJ No L 164, 24. 6. 1985, p. 1 .

No L 55 / 8 Official Journal of the European Communities 1 . 3 . 86

HAS ADOPTED THIS REGULATION : — 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 Article 1 tion to the Community currencies referred to in the previous indent, and the aforesaid coefficient ; 1 . The aid for unginned cotton provided for in Article 5 of Regulation (EEC) No 2169/81 shall be ECU Whereas the aid must be fixed once a month, and in such per 100 kilograms. a way that it can be applied from the first day of the 2. The aid in Spain for cotton produced in that country month following the date of fixing ; whereas it may be shall however be that granted under the national arrange­ altered between fixings ; ments .

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 March 1986.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 28 February 1986 . For the Commission Frans ANDRIESSEN Vice-President