31991R1100

1 . 5 . 91 Official Journal of the European Communities No L 110/35

COMMISSION REGULATION (EEC) No 1100/91 of 30 April 1991 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas, if the world market price for unginned cotton cannot be determined as described above, this price shall Having regard to the Treaty establishing the European be established on the basis of the most recent price deter­ Economic Community, mined ;

Having regard to the Act of Accession of Spain and Portugal, Whereas the world market price for unginned cotton is equal to the sum of the values for ginned cotton and Having regard to the Act of Accession of Greece, and in cotton seed defined in Article 1 of Commission Regula­ particular paragraphs 3 and 10 of Protocol 4 on cotton tion (EEC) No 1201 /89 of 3 May 1989 laying down rules annexed thereto, as amended by Protocol 14 annexed to implementing the system of aid for cotton (4), as last the Act of Accession of Spain and of Portugal, and Regu­ amended by Regulation (EEC) No 2432/90 (% minus the lation (EEC) No 4006/87 (■), cost of ginning ;

Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the Whereas the above values are established on the basis of system of aid for cotton (2), as last amended by Regulation the prices determined in accordance with Articles 2 and 3 (EEC) No 791 /89 (J), and in particular Article 5 (1 ) thereof, 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 price for unginned cotton is below the guide price ; Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy Whereas the aid is equal to the difference between these the requirements indicated above ; two prices ;

Whereas in the absence of the guide price for cotton Whereas, pursuant to Article 4 (4) of Regulation (EEC) No applicable during the 1991 /92 marketing year, the aid 2169/81 , if there are no suitable offers or quotations for amount has been fixed conforming to the Commission's determining the world market price for cotton seed, that latest proposals to the Council ; whereas this amount price shall be established on the basis of the most must be provisionally applied and confirmed or altered favourable offers and quotations for cotton seed recorded when the 1991 /92 marketing year prices are known ; on the Community market or, if those offers and quota­ tions cannot be established on the basis of the value of Whereas the abatement of the subsidy which arises, where the products obtained from processing the seed in the appropriate, from the system of maximum guaranteed Community, less the processing cost ; whereas this value quantities for the 1991 /92 marketing year, has not, to is determined in accordance with Article 4 of Regulation date, been fixed ; whereas the amount of the subsidy for (EEC) No 1201 /89 ; the 1991 /92 marketing year has been provisionally calcu­ lated on the basis of an abatement of ECU 14,379 per 100 kilograms ; Whereas, if the subsidy system is to operate normally, subsidies should be calculated on the following basis : 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 — in the case of currencies which are maintained in rela­ into account the estimated yield of the Community tion to each other at any given moment within a band harvest in cotton seed and in ginned cotton and also the of 2,25 % , a rate of exchange based on their central net cost of ginning ; rate, multiplied by the corrective factor provided for in the last paragraph of Article 3 (1 ) of Council Regula­ Whereas the world market price for ginned cotton and tion (EEC) No 1676/85 (6), as last amended by Regula­ cotton seed is determined in accordance with Article 4 of tion (EEC) No 2205/90 (7), Regulation (EEC) No 2169/81 ;

(4) OJ No L 123 , 4. 5. 1989, p. 23 . (') OJ No L 377, 31 . 12. 1987, p. 49 . O OJ No L 228 , 22. 8 . 1990 , p. 23 . (2) OJ No L 211 , 31 . 7. 1981 , p . 2 . (6) OJ No L 164, 24. 6. 1985, p. 1 . (■') OJ No L 85, 30 . 3 . 1989, p. 7. O OJ No L 201 , 31 . 7. 1990 , p. 9 .

No L 110/36 Official Journal of the European Communities 1 . 5 . 91

HAS ADOPTED THIS REGULATION : — for the other currencies, an exchange rate based on an average of the ecu rates published in the Official Journal of the European Communities, C series, over Article 1 a period to be determined, multiplied by the coeffi­ 1 . The aid for unginned cotton provided for in Article cient referred to in the preceding indent ; 5 of Regulation (EEC) No 2169/81 shall be 51,436 ECU per 100 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 1991 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 ; 1991 /92 marketing year and 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 1991 .

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

Done at Brussels, 30 April 1991 .

For the Commission Ray MAC SHARRY Member of the Commission