31990R1479

1 . 6 . 90 No L 140/75 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1479/90 of 31 May 1990 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the world market price for unginned cotton is determined periodically on the basis of the world market prices recorded for ginned cotton and cotton seed, taking Having regard to the Treaty establishing the European into account the estimated yield of the Community Economic Community, harvest in cotton seed and in ginned cotton and also the net cost of ginning ; Having regard to the Act of Accession of Spain and ■ Portugal, Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 of Having regard to the Act of Accession of Greece, and in Regulation (EEC) No 2169/81 ; particular paragraphs 3 and 10 of Protocol 4 on cotton annexed thereto, as amended by Protocol 14 annexed to the Act of Accession of Spain and of Portugal, and Regu­ Whereas, if the world market price for unginned cotton lation (EEC) No 4006/87 ('), cannot be determined as described above, this price shall be established on the basis of the most recent price deter­ Having regard to Council Regulation (EEC) No 2169/81 mined ; of 27 July 1981 laying down the general rules for the system of aid for cotton (2), as last amended by Regulation Whereas the world market price for unginned cotton is (EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof, equal to the sum of the values for ginned cotton and cotton seed defined in Article 1 of Commission Regula­ Having regard to the opinion of the Monetary Committee, tion (EEC) No 1201 /89 of 3 May 1989 laying down rules implementing the system of aid for cotton Q, as amended Whereas, pursuant to Article 5 of Regulation (EEC) No by Regulation (EEC) No 2733/89 (8), minus the cost of 2169/81 , aid must be granted for unginned cotton ginning ; harvested in the Community when the world market price for unginned cotton is below the guide price ; Whereas the above values are established on the basis of the prices determined in accordance with Articles 2 and 3 Whereas the aid is equal to the difference between these of Commission Regulation (EEC) No 1201 /89 ; whereas two prices ; the world market price is determined on the basis of the most favourable offers and quotations recorded, excluding Whereas the guide price for 1989/90 marketing year was offers and quotations which cannot be regarded as repre­ fixed by Council Regulation (EEC) No 1241 /89 (4) and for sentative of the real market trend ; the 1990/91 marketing year by Council Regulation (EEC) No 1355/90 (*) ; Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy Whereas the guide price fixed by the Council is to be the requirements indicated above ; reduced in accordance with Article 2 of Commission Regulation (EEC) No 784/90 of 29 March 1990 fixing the reducing coefficient for agricultural prices in the 1990/91 Whereas, pursuant to Article 4 (4) of Regulation (EEC) No marketing year as a result of the monetary realignment of 2169/81 , if there are no suitable offers or quotations for 5 January 1990 and amending the prices and amounts determining the world market price for cotton seed, that fixed in ecus for that marketing year (6) ; price shall be established on the basis of the most favourable offers and quotations for cotton seed recorded on the Community market or, if those offers and quota­ Whereas the abatement of the subsidy which arises, where tions cannot be established on the basis of the value of appropriate, from the system of maximum guaranteed the products obtained from processing the seed in the quantities for the 1990/91 year, has not, to date, been Community, less the processing cost ; whereas this value fixed ; whereas the amount of the subsidy for the 1990/91 is determined in accordance with Article 4 of Regulation year has been provisionally calculated on the basis of an (EEC) No 1201 /89 ; abatement of ECU 24,005 per 1 00 kilograms ;

(') OJ No L 377, 31 . 12. 1987, p. 49, Whereas, if the subsidy system is to operate normally, (2) OJ No L 211 , 31 . 7. 1981 , p. 2. subsidies should be calculated on the following basis : (3) OJ No L 85, 30. 3. 1989, p. 7. (4) OJ No L 129, 11 . 5. 1989, p. 1 . O OJ No L 134, 28 . 5. 1990, p. 20 . 0 OJ No L 123, 4. 5. 1989, p. 23. (6) OJ No L 83, 30. 3 . 1990, p. 102. (8) OJ No L 263, 9. 9 . 1989, p. 15.

No L 140/76 Official Journal of the European Communities 1 . 6 . 90

— in the case of currencies which are maintained in rela­ HAS ADOPTED THIS REGULATION : tion to each other at any given moment within a band of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in Article 1 the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85 ('), as last amended by Regula­ tion (EEC) No 1636/87 (2), 1 . The aid for unginned cotton provided for in Article — for other currencies, an exchange rate based on the 5 of Regulation (EEC) No 2169/81 shall be 43,453 ECU arithmetic mean of the spot market rates of each of per 100 kilograms. these currencies recorded over a given period in rela­ tion to the Community currencies referred to in the 2. However, the amount of the aid will be confirmed or previous indent, and the aforesaid coefficient ; replaced with effect from 1 June 1990 to take account of Whereas the aid must be fixed once a month, and in such tthe application of maximum guaranteed quantities. a way that it can be applied from the first day of the month following the date of fixing ; whereas it may be altered between fixings ; Article 2 Whereas it follows from applying these provisions to the 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 June 1990.

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

Done at Brussels, 31 May 1990 .

For the Commission Ray MAC SHARRY Member of the Commission

(>) OJ No L 164, 24. 6. 1985, p. 1 . 2 OJ No L 153, 13. 6. 1987, p. 1 .