31990R1096

1 . 5 . 90 Official Journal of the European Communities No L 111 /27

COMMISSION REGULATION (EEC) No 1096/90 of 30 April 1990 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 of Regulation (EEC) No 2169/81 ; Having regard to the Treaty establishing the European Economic Community, Whereas, if the world market price for unginned cotton cannot be determined as described above, this price shall Having regard to the Act of Accession of Spain and be established on the basis of the most recent price deter­ Portugal, mined ;

Having regard to the Act of Accession of Greece, and in Whereas the world market price for unginned cotton is particular paragraphs 3 and 10 of Protocol 4 on cotton equal to the sum of the values for ginned cotton and annexed thereto, as amended by Protocol 14 annexed to cotton seed defined in Article 1 of Commission Regula­ the Act of Accession of Spain and of Portugal, and Regu­ tion (EEC) No 1201 /89 of 3 May 1989 laying down rules lation (EEC) No 4006/87 (l), implementing the system of aid for cotton (4), as amended by Regulation (EEC) No 2733/89 (s), minus the cost of ginning ; 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 (2), as last amended by Regulation Whereas the above values are established on the basis of (EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof, the prices determined in accordance with Articles 2 and 3 of Commission Regulation (EEC) No 1201 /89 ; whereas the world market price is determined on the basis of the Having regard to the opinion of the Monetary Committee, most favourable offers and quotations recorded, excluding offers and quotations which cannot be regarded as repre­ Whereas, pursuant to Article 5 of Regulation (EEC) No sentative of the real market trend ; 2169/81 , aid must be granted for unginned cotton harvested in the Community when the world market Whereas the necessary adjustments must be made in cases price for unginned cotton is below the guide price ; where the offers and quotations recorded do not satisfy the requirements indicated above ; Whereas the aid is equal to the difference between these two prices ; Whereas, pursuant to 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, that Whereas in the absence of the guide price for cotton price shall be established on the basis of the most applicable during the 1990/91 marketing year, the aid amount has been fixed on the basis of the Commission's favourable offers and quotations for cotton seed recorded on the Community market or, if those offers and quota­ latest proposals to the Council ; whereas this amount tions cannot be established on the basis of the value of must be provisionally applied and confirmed or altered the products obtained from processing the seed in the when the 1990/91 marketing year prices are known ; Community, less the processing cost ; whereas this value is determined in accordance with Article 4 of Regulation Whereas the abatement of the subsidy which arises, where (EEC) No 1201 /89 ; appropriate, from the system of maximum guaranteed quantities for the 1990/91 year, has not, to date, been Whereas, if the subsidy system is to operate normally, fixed ; whereas the amount of the subsidy for the 1990/91 subsidies should be calculated on the following basis : year has been provisionally calculated on the basis of an abatement of ECU 24,005 per 100 kilograms ; — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Whereas the world market price for unginned cotton is of 2,25 %, a rate of exchange based on their central determined periodically on the basis of the world market rate, multiplied by the corrective factor provided for in prices recorded for ginned cotton and cotton seed, taking the last paragraph of Article 3 (1 ) of Council Regula­ into account the estimated yield of the Community tion (EEC) No 1676/85 (6), as last amended by Regula­ harvest in cotton seed and in ginned cotton and also the tion (EEC) No 1636/87 0, net cost of ginning ; (4) OJ No L 123, 4. 5. 1989, p. 23. (') OJ No L 377, 31 . 12. 1987, p. 49. O OJ No L 263, 9 . 9 . 1989, p. 15 . (2) OJ No L 211 , 31 . 7. 1981 , p. 2. (*) OJ No L 164, 24. 6. 1985, p. 1 . (3) OJ No L 85, 30 . 3 . 1989, p. 7. 0 OJ No L 153, 13 . 6 . 1987, p. 1 .

No L 111 /28 Official Journal of the European Communities 1 . 5 . 90

— for other currencies, an exchange rate based on the HAS ADOPTED THIS REGULATION : 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 21 69/8 1 shall be 44,501 ECU per 1 00 kilograms. Whereas the aid must be fixed once a month, and in such 2. However, the amount of the aid will be confirmed or a way that it can be applied from the first day of the replaced with effect from 1 May 1990 to take account of month following the date of fixing ; whereas it may be the guide price of cotton adopted in respect of the altered between fixings ; 1990/91 marketing year and, as the case may be, which appear to have been offered in the largest quantities.

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 May 1990.

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

Done at Brussels, 30 April 1990.

For the Commission Ray MAC SHARRY Member of the Commission