31992R2452

25 . 8 . 92 Official Journal of the European Communities No L 243/25

COMMISSION REGULATION (EEC) No 2452/92

of 24 August 1992

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 Having regard to the Treaty establishing the European Regulation (EEC) No 2169/81 ;

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 Portugal, be established on the basis of the most recent price deter­ mined ;

Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton Whereas the world market price for unginned cotton is annexed thereto, as amended by Protocol 14 annexed to equal to the sum of the values for ginned cotton and the Act of Accession of Spain and of Portugal, and Regu­ cotton seed defined in Article 1 of Commission Regula­ lation (EEC) No 4006/87 ('), tion (EEC) No 1201 /89 of 3 May 1989 laying down rules implementing the system of aid for cotton Q, as last amended by Regulation (EEC) No 2756/91 (8), minus the Having regard to Council Regulation (EEC) No 2169/81 cost of ginning ; 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 2053/92 (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 Whereas, pursuant to Article 5 of Regulation (EEC) No most favourable offers and quotations recorded, excluding 2169/81 , aid must be granted for unginned cotton offers and quotations which cannot be regarded as repre­ harvested in the Community when the world market sentative of the real market trend ; price for unginned cotton is below the guide price ;

Whereas the necessary adjustments must be made in cases Whereas the aid is equal to the difference between these where the offers and quotations recorded do not satisfy two prices ; the requirements indicated above ;

Whereas the guide price for cotton has been fixed by Whereas, pursuant to Article 4 (4) of Regulation (EEC) No Council Regulation (EEC) No 2055/92 for the 1992/93 2169/81 , if there are no suitable offers or quotations for marketing year (4) ; determining the world market price for cotton seed, that price shall be established on the basis of the most Whereas the abatement of the subsidy which arises, where favourable offers and quotations for cotton seed recorded appropriate, from the system of maximum guaranteed on the Community market or, if those offers and quota­ quantities for the 1992/ 1993 marketing year, has not, to tions cannot be established on the basis of the value of date, been fixed ; whereas this provisional abatement the products obtained from processing the seed in the should be fixed taking account of the 15 % limit referred Community, less the processing cost ; whereas this value to in the first subparagraph of Article 3 (2) of Council is determined in accordance with Article 4 of Regulation Regulation (EEC) No 1964/87 (*), as last amended by (EEC) No 1201 /89 ; Regulation (EEC) No 2052/92 (6), and the harvest fore­ casts ; whereas the abatement should therefore be set at Whereas, if the subsidy system is to operate normally, ECU 15 419 per 100 kg ; subsidies should be calculated on the following basis :

Whereas the world market price for unginned cotton is — in the case of currencies which are maintained in rela­ determined periodically on the basis of the world market tion to each other at any given moment within a band prices recorded for ginned cotton and cotton seed, taking of 2,25 %, a rate of exchange based on their central into account the estimated yield of the Community rate, multiplied by the corrective factor provided for in harvest in cotton seed and in ginned cotton and also the the last paragraph of Article 3 ( 1 ) of Council Regula­ net cost of ginning ; tion (EEC) No 1676/85 (9), as last amended by Regula­ tion (EEC) No 2205/90 ( 10), (') OJ No L 377, 31 . 12. 1987, p. 49. (2) OJ No L 211 , 31 . 7. 1981 , p. 2. 0 OJ No L 215, 30. 7. 1992, p. 12. O OJ No L 123, 4. 5. 1989, p. 23. 0 OJ No L 215, 30. 7. 1992, p. 14. (8) OJ No L 264, 20. 9. 1991 , p. 21 . 0 OJ No L 184, 3. 7. 1987, p. 14. 0 OJ No L 164, 24. 6. 1985, p. 1 . M OJ No L 215, 30. 7. 1992, p. 10. H OJ No L 201 , 31 . 7. 1990, p. 9.

No L 243/26 Official Journal of the European Communities 25 . 8 . 92

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 ECU 74,183 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 month following the date of fixing ; whereas it may be replaced with effect from 25 August 1992, to take into altered between fixings ; account the effects of the application of maximum guaranteed 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 25 August 1992.

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

Done at Brussels, 24 August 1992.

For the Commission

Ray MAC SHARRY

Member of the Commission