31993R1699

1 . 7. 93 Official Journal of the European Communities No L 159/51

COMMISSION REGULATION (EEC) No 1699/93 of 30 June 1993 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, whereas, pursuant to the second subparagraph of Article 2 (2) of Council Regulation (EEC) No 1964/87 of Having regard to the Treaty establishing the European 2 July 1987 adjusting the system of aid for cotton ("), as Economic Community, last amended by Regulation (EEC) No 1553/93 (I2), the aid for cotton for the 1993/94 marketing year is reduced by Having regard to the Act of Accession of Greece, and in ECU 5,140/ 100 kilograms as fixed by Commission Regu­ particular paragraphs 3 and 10 of Protocol 4 on cotton lation (EEC) No 251 1 /92 (13) and by the reduction fixed to annexed thereto, as amended by Protocol 14 annexed to take account of the expected overrun of the maximum the Act of Accession of Spain and Portugal, and Commis­ guaranteed quantity fixed by the second subparagraph of sion Regulation (EEC) No 4006/87 ('), Article 2 ( 1 ) of Regulation (EEC) No 1964/87 ; whereas, in Having regard to Council Regulation (EEC) No 2169/81 these circumstances, the amount of the aid has been of 27 July 1981 laying down the general rules for the provisionally calculated on the basis of an overall reduc­ system of aid for cotton (2), as last amended by Regulation tion of ECU 20,359/ 100 kilograms ; (EEC) No 1554/93 (3), and in particular Article 5 ( 1 ) thereof, Whereas the world market price for unginned cotton is Whereas, pursuant to Article 5 of Regulation (EEC) determined periodically on the basis of the world prices No 2169/81 , aid must be granted for unginned cotton recorded for ginned cotton and cotton seed, talking into harvested in the Community when the world market account the estimated yield of the Community harvest in price for unginned cotton is below the guide price ; cotton seed and in ginned cotton and also the net cost of Whereas the aid is equal to the difference between these ginning ; two prices ;

Whereas the second sentence of Article 7 ( 1 ) of Commis­ Whereas the world market price for ginned cotton and sion Regulation (EEC) No 1201 /89 of 3 May 1989 laying cotton seed is determined in accordance with Article 4 of down rules implementing the system of aid for cotton (4), Regulation (EEC) No 2169/81 ; as last amended by Regulation (EEC) No 2328/92 (5), stipulates that aid applications may be lodged during June and July 1993 for both the 1992/93 and 1993/94 marketing years ; whereas the aid valid for the Whereas, if the world market price for unginned cotton two marketing years in question should therefore be fixed cannot be determined as described above, this price shall during those months ; be established on the basis of the most recent price deter­ mined ; Whereas the guide price for cotton is fixed for the 1993/94 marketing year by Council Regulation (EEC) No 1 555/93 C) ; Whereas the world market price for unginned cotton is Whereas Commission Regulation (EEC) No 3824/92 (7), equal to the sum of the values for ginned cotton seed as last amended by Regulation (EEC) No 1663/93 (8), lays defined in Article 1 of Regulation (EEC) No 1201 /89, down the list of prices and amounts fixed in ecus to be minus the cost of beginning ; amended as a result of the monetary alignments and which are reduced from the beginning of the 1993/94 marketing year by a factor fixed by Commission Regula­ Whereas the above values are established on the basis of tion (EEC) No 537/93 (9), as amended by Regulation the prices determined in accordance with Articles 2 and 3 (EEC) No 1331 /93 (10), as part of the automatic disman­ of Regulation (EEC) No 1201 /89 ; whereas the world tling system of the negative monetary gaps ; whereas this market price is detrmined on the basis of the most favou­ factor must be taken into account when calculating the rable offers and quotations recorded, excluding offers and aid from the beginning of the aforementioned marketing quotations which cannot be regarded as representative of year ; the real market trend ;

(') OJ No L 377, 31 . 12. 1987, p. 49 . (j OJ No L 211 , 31 . 7. 1981 , p. 2. Whereas the necessary adjustments must be made in cases (') OJ No L 154, 25. 6. 1993 , p. 23 . (4) OJ No L 123, 4. 5. 1989, p. 23. where the offers and quotations recorded do not satisfy 0 OJ No L 223, 8 . 8 . 1992, p. 15. the requirements indicated above ; fo OJ No L 154, 25. 6. 1993, p. 24. 0 OJ No L 387, 31 . 12. 1992, p . 29 . (8) OJ No L 158 , 30. 6. 1993 , p. 18 . (") OJ No L 184, 3. 7. 1987, p. 14. 0 OJ No L 57, 10 . 3 . 1993, p. 18 . (I2) OJ No L 154, 25. 6. 1993, p. 21 . H OJ No L 132, 29. 5. 1993, p. 114 . (") OJ No L 250, 29 . 8 . 1992, p. 14.

No L 159/52 Official Journal of the European Communities 1 . 7. 93

Whereas, pursuant to Article 4 (4) of Regulation (EEC) Whereas it follows from applying these provisions to the No 2169/81 , if there are no suitable offers or quotations offers and quotations known to the Commission that the for determing the world market price for cotton seed, that aid for cotton should be as set out in this Regulation, price shall be established on the basis of the most favou­ rable offers and quotations for cotton seed recorded on HAS ADOPTED THIS REGULATION : the Community market or, if those offers and quotations cannot be established, on the basis of the value of the products obtained from processing the seed in the Article 1 Community, less the processing cost ; whereas this value 1 . The aid for unginned cotton provided for in is determined in accordance with Article 4 of Regulation Article 5 of Regulation (EEC) No 2169/81 shall be : (EEC) No 1201 /89 ; — ECU 71,180 per 100 kilograms for the 1992/93 Whereas the representative market rates defined in marketing year, Article 1 of Council Regulation (EEC) No 38 1 3/92 (') are — ECU 65,253 per 100 kilograms for the 1993/94 used to convert amounts expressed in third country marketing year. currencies and are used as the basis for determining the agricultural conversion rates of the Member States' curren­ 2. However, the amount of the aid for 1993/94 shall be cies ; whereas detailed rules on the application and deter­ confirmed or replaced with effect from 1 July 1993 to mination of these conversions are laid down in Commis­ take account of the guide price for cotton for that marke­ sion Regulation (EEC) No 1068/93 (2) ; ting year and the consequences of the system of maximum guaranteed quantities. Whereas the aid must be fixed once a month, and in such a way that it can be applied for the first day of the month Article 2 following the date of fixing ; whereas it may be altered between fixings ; This Regulation shall enter into force 1 July 1993.

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

Done at Brussels, 30 June 1993 .

For the Commission Rene STEICHEN Member of the Commission

(') OJ No L 387, 31 . 12. 1992, p . 1 . (2) OJ No L 108 , 1 . 5. 1993, p. 106.