31993R2120

No L 191 /50 Official Journal of the European Communities 31 . 7. 93

COMMISSION REGULATION (EEC) No 2120/93 of 30 July 1993 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the world market price for unginned cotton is determined periodically on the basis of the world prices recorded for ginned cotton and cotton seed, talking into Having regard to the Treaty establishing the European account the estimated yield of the Community harvest in Economic Community, cotton seed and in ginned cotton and also the net cost of ginning ;

Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton annexed thereto, as amended by Protocol 14 annexed to Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 of the Act of Accession of Spain and Portugal, and Commis­ sion Regulation (EEC) No 4006/87 ('), Regulation (EEC) No 2169/81 ;

Having regard to Council Regulation (EEC) No 2169/81 Whereas, if the world market price for unginned cotton of 27 July 1981 laying down the general rules for the cannot be determined as described above, this price shall system of aid for cotton (2), as last amended by Regulation be established on the basis of the most recent price deter­ (EEC) No 1554/93 ('), and in particular Article 5 ( 1 ) mined ; thereof,

Whereas, pursuant to Article 5 of Regulation (EEC) Whereas the world market price for unginned cotton is No 2169/81 , aid must be granted for unginned cotton equal to the sum of the values for ginned cotton seed harvested in the Community when the world market defined in Article 1 of Regulation (EEC) No 1201 /89 of price for unginned cotton is below the guide price ; 3 May 1989 laying down rules implementing the system of aid for cotton (9), as last amended by Regulation (EEC) No 2046/93 (l0), minus the cost of beginning ; Whereas the aid is equal to the difference between these two prices ;

Whereas the above values are established on the basis of Whereas the guide price for cotton is fixed for the the prices determined in accordance with Articles 2 and 3 of Regulation (EEC) No 1201 /89 ; whereas the world 1993/94 marketing year by Council Regulation (EEC) No 1555/93 (4) ; whereas this price was reduced by Regu­ market price is detrmined on the basis of the most favou­ rable offers and quotations recorded, excluding offers and lation (EEC) No 2044/93 (5) as a consequence of the monetary realignments ; quotations which cannot be regarded as representative of the real market trend ;

Whereas, pursuant to the second subparagraph of Article 2 (2) of Council Regulation (EEC) No 1964/87 of Whereas the necessary adjustments must be made in cases 2 July 1987 adjusting the system of aid for cotton (6), as where the offers and quotations recorded do not satisfy last amended by Regulation (EEC) No 1 553/93 f), the aid the requirements indicated above ; for cotton for the 1993/94 marketing year is reduced by ECU 5,140/ 100 kilograms as fixed by Commission Regu­ lation (EEC) No 251 1 /92 (8) and by the reduction fixed to take account of the expected overrun of the maximum Whereas, pursuant to Article 4 (4) of Regulation (EEC) guaranteed quantity fixed by the second subparagraph of No 2169/81 , if there are no suitable offers or quotations Article 2 ( 1 ) of Regulation (EEC) No 1964/87 ; whereas, in for determing the world market price for cotton seed, that these circumstances, the amount of the aid has been price shall be established on the basis of the most favou­ provisionally calculated on the basis of an overall reduc­ rable offers and quotations for cotton seed recorded on tion of ECU 20,359/ 100 kilograms ; 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 (') OJ No L 377, 31 . 12. 1987, p. 49. 0 OJ No L 211 , 31 . 7. 1981 , p. 2. Community, less the processing cost ; whereas this value 0 OJ No L 154, 25. 6 . 1993, p. 23. is determined in accordance with Article 4 of Regulation (4) OJ No L 154, 25. 6. 1993 , p. 24. (EEC) No 1201 /89 ; 0 OJ No L 185, 28 . 7. 1993, p. 16. (6) OJ No L 184, 3 . 7. 1987, p. 14. 0 OJ No L 154, 25. 6 . 1993 , p. 21 . (9) OJ No L 123, 4. 5. 1989 , p. 23 . (8) OJ No L 250, 29 . 8 . 1992, p. 14. H OJ No L 185, 28 . 7. 1993 , p. 19 .

31 . 7 . 93 Official Journal of the European Communities No L 191 / 51

HAS ADOPTED THIS REGULATION : Whereas the representative market rates defined in Article 1 of Council Regulation (EEC) No 3813/92 (!) are used to convert amounts expressed in third country Article 1 currencies and are used as the basis for determining the agricultural conversion rates of the Member States' curren­ 1 . The aid for unginned cotton provided for in cies ; whereas detailed rules on the application and deter­ Article 5 of Regulation (EEC) No 2169/81 shall be : mination of these conversions are laid down in Commis­ — ECU 63,419 per 100 kilograms. sion Regulation (EEC) No 1 068/93 (2) ; 2. However, the amount of the aid for 1993/94 shall be Whereas the aid must be fixed once a month , and in such confirmed or replaced with effect from 1 August 1993 to a way that it can be applied for the first day of the month take account of the consequences of the system of following the date of fixing ; whereas it may be altered maximum guaranteed quantities. between fixings ;

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 August 1 993.

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

Done at Brussels, 30 July 1993.

For the Commission Rene STEICHEN Member of the Commission

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