31992R2539

1 . 9 . 92 Official Journal of the European Communities No L 254/47

COMMISSION REGULATION (EEC) No 2539/92 of 31 August 1992 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the world market price for unginned cotton is equal to the sum of the values for ginned cotton and Having regard to the Treaty establishing the European cotton seed defined in Article 1 of Commission Regula­ Economic Community, tion (EEC) No 1201 /89 of 3 May 1989 laying down rules implementing the system of aid for cotton (*), as last Having regard to the Act of Accession of Spain and amended by Regulation (EEC) No 2328/92 (*), minus the Portugal, cost of ginning ;

Having regard to the Act of Accession of Greece, and in Whereas the above values are established on the basis of particular paragraphs 3 and 10 of Protocol 4 on cotton annexed thereto, as amended by Protocol 14 annexed to the prices determined in accordance with Articles 2 and 3 the Act of Accession of Spain and of Portugal, and Regu­ of Commission Regulation (EEC) No 1201 /89 ; whereas lation (EEC) No 4006/87 ('), the world market price is determined on the basis of the most favourable offers and quotations recorded, excluding offers and quotations which cannot be regarded as repre­ Having regard to Council Regulation (EEC) No 2169/81 sentative of the real market trend ; of 27 July 1981 laying down the general rules for the system of aid for cotton (2), as last amended by Regulation (EEC) No 2053/92 (3), and in particular Article 5 (1 ) thereof, Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy the requirements indicated above ; Whereas, pursuant to Article 5 of Regulation (EEC) No 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, 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 the aid is equal to the difference between these price shall be established on the basis of the most two prices ; favourable offers and quotations for cotton seed recorded on the Community market or, if those offers and quota­ Whereas the guide price for cotton has been fixed by tions cannot be established on the basis of the value of Council Regulation (EEC) No 2055/92 for the 1992/93 the products obtained from processing the seed in the marketing year (4) ; 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 from (EEC) No 1201 /89 ; the system of maximum guaranteed quantities for the 1992/1993 marketing year, has been fixed and set at ECU 15,419 per 100 kg ; 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 Q, as last amended by Regula­ cotton seed is determined in accordance with Article 4 of tion (EEC) No 2205/90 (8), Regulation (EEC) No 2169/81 ; — for the other currencies, an exchange rate based on an Whereas, if the world market price for unginned cotton average of the ecu rates published in the Official cannot be determined as described above, this price shall Journal of the European Communities, C series, over be established on the basis of the most recent price deter­ a period to be determined, multiplied by the coeffi­ mined ; cient referred to in the preceding indent ;

(') OJ No L 377, 31 . 12. 1987, p. 49. 0 OJ No L 123, 4. 5. 1989, p. 23 . 0 OJ No L 211 , 31 . 7. 1981 , p. 2. (6) OJ No L 223, 8 . 8. 1992, p. 15. (3) OJ No L 215, 30. 7. 1992, p. 12. o OJ No L 164, 24. 6. 1985, p. 1 . (4 OJ No L 215, 30. 7. 1992, p. 14. (8) OJ No L 201 , 31 . 7. 1990, p. 9 .

No L 254/48 Official Journal of the European Communities 1 . 9 . 92

Whereas the aid must be fixed once a month, and in such HAS ADOPTED THIS REGULATION : a way that it can be applied from the first day of the month following the date of fixing ; whereas it may be Article 1 altered between fixings ; The aid for unginned cotton provided for in Article 5 of Regulation (EEC) No 2169/81 shall be ECU 75,036 per 100 kilograms.

Article 2 whereas it follows from applying these provisions to the offers and quotations known to the Commission that the This Regulation shall enter into force on 1 September aid for cotton should be as set out in this Regulation, 1992.

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

Done at Brussels, 31 August 1992.

For the Commission Ray MAC SHARRY Member of the Commission