31990R2533

1 . 9 . 90 Official Journal of the European Communities No L 237/75

COMMISSION REGULATION (EEC) No 2533/90 i of 31 August 1990 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, 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 Having regard to the Treaty establishing the European net cost of ginning ; Economic Community,

Having regard to the Act of Accession of Spain and Whereas the world market price for ginned cotton and Portugal, 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, and be established on the basis of the most recent price deter­ Commission Regulation (EEC) No 4006/87 ('), mined ;

Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the Whereas the world market price for unginned cotton is system of aid for cotton (2), as last amended by Regulation equal to the sum of the values for ginned cotton and (EEC) No 791 /89 (3), and in particular Article 5 ( 1 ) thereof, cotton seed defined in Article 1 of Commission Regula­ tion (EEC) No 1201 /89 of 3 May 1989 laying down rales implementing the system of aid for cotton (7), as last Having regard to the opinion of the Monetary Committee, amended by Regulation (EEC) No 2432/90 (8), minus the cost of ginning ; Whereas, pursuant to Article 5 of Regulation (EEC) No 2169/81 , aid must be granted for unginned cotton Whereas the above values are established on the basis of harvested in the Community when the world market price for unginned cotton is below the guide price ; 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 Whereas the aid is equal to the difference between these most favourable offers and quotations recorded, excluding two prices ; offers and quotations which cannot be regarded as repre­ sentative of the real market trend ; Whereas the guide price for 1990/90 marketing year was fixed by Council Regulation (EEC) No 1355/90 (4) Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy Whereas the prices fixed by the Council are to be reduced the requirements indicated above ; in accordance with Commission Regulation (EEC) No 2219/90 of 30 July 1990 establishing the guide price ' fixed in ecus by the Council in the cotton sector and Whereas, pursuant to Article 4 (4) of Regulation (EEC) No reduced as a result of the monetary realignment of 5 2169/81 , if there are no suitable offers or quotations for January 1990 (*); determining the world market price for cotton seed, that price shall be established on the basis of the most Whereas, under the system of maximum guaranteed favourable offers and quotations for cotton seed recorded quantities, the amount of the aid is subject to the reduc­ on the Community market or, if those offers and quota­ tions , cannot be established on the basis of the value of tion provided for in Commission Regulation (EEC) No the products obtained from processing the seed in the 251 1 /90 (6) as regards cotton seed ; i Community, less the processing cost ; whereas this value is determined in accordance with Article 4 of Regulation Whereas the world market price for unginned cotton is (EEC) No 1201 /89 ; determined periodically on the basis of the world market

(') 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 : 0 OJ No L 85, 30 . 3. 1989, p. 7. O OJ No L 134, 28. 5. 1990, p. 20. O OJ No L 202, 31 . 7. 1990, p. 26. 0 OJ No L 123, 4. 5. 1989, p. 23. (6) See page 9 of this Official Journal. (8) OJ No L 228, 22. 8. 1990, p. 23.

No L 237/76 Official Journal of the European Communities 1 . 9 . 90

— in the case of currencies which are maintained in rela­ Whereas it follows from applying these provisions to the tion to each other at any given moment within a band offers and quotations known to the Commission that the of 2,25 % , a rate of exchange based on their central aid for cotton should be as set out in this Regulation, rate, multiplied by the corrective factor provided for in the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85 ('), as last amended by Regula­ HAS ADOPTED THIS REGULATION : tion (EEC) No 2205/90 (2), — for the other currencies, an exchange rate based on an Article 1 average of the ecu rates published in the Official The aid for unginned cotton provided for in Article 5 of Journal of the European Communities, C series, over Regulation (EEC) No 2169/81 shall be 45,422 ECU per a period to be determined, multiplied by the coeffi­ 100 kilograms. cient referred to in the preceding indent ;

Whereas the aid must be fixed once a month, and in such Article 2 a way that it can be applied from the first day of the month following the date of fixing ; whereas it may be This Regulation shall enter into force on 1 September altered between fixings ; 1990 .

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

Done at Brussels, 31 August 1990.

For the Commission Ray MAC SHARRY Member of the Commission

(') OJ No L 164, 24. 6. 1985, p. 1 . (2) OJ No L 201 , 31 . 7. 1990, p. 9.