31993R2419

1 . 9 . 93 Official Journal of the European Communities No L 222/35

COMMISSION REGULATION (EEC) No 2419/93 of 31 August 1993 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, account the estimated yield of the Community harvest in cotton seed and in ginned cotton and also the net cost of ginning ;

Having regard to the Treaty establishing the European Economic Community, Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 of Regulation (EEC) No 2169/81 ; 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 the Act of Accession of Spain and Portugal, and Commis­ Whereas, if the world market price for unginned cotton sion Regulation (EEC) No 4006/87 ('), cannot be determined as described above, this price shall be established on the basis of the most recent price deter­ mined ; Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the system of aid for cotton (2), as last amended by Regulation (EEC) No 1554/93 (3), and in particular Article 5 ( 1 ) Whereas the world market price for unginned cotton is thereof, equal to the sum of the values for ginned cotton seed defined in Article 1 of Regulation (EEC) No 1201 /89 of 3 May 1989 laying down rules implementing the system of aid for cotton (6), as last amended by Regulation (EEC) Whereas, pursuant to Article 5 of Regulation (EEC) No 2046/93 Q, minus the cost of beginning ; 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 the above values are established on the basis of the prices determined in accordance with Articles 2 and 3 of Regulation (EEC) No 1201 /89 ; whereas the world Whereas the aid is equal to the difference between these market price is detrmined on the basis of the most favour two prices ; rable offers and quotations recorded, excluding offers and quotations which cannot be regarded as representative of the real market trend ; Whereas the guide price for cotton is fixed for the 1993/94 marketing year by Council Regulation (EEC) No 1 555/93 (4) ; whereas this price was reduced by Regu­ lation (EEC) No 2044/93 (5) as a consequence of the Whereas the necessary adjustments must be made in cases monetary realignments ; where the offers and quotations recorded do not satisfy the requirements indicated above ;

Whereas the abatement of the subsidy which arises from the system of maximum guaranteed quantities for the Whereas, pursuant to Article 4 (4) of Regulation (EEC) 1993/94 year, has been fixed at ECU 20,293 per 100 kilo­ No 2169/81 , if there are no suitable offers or quotations grams ; for determing the world market price for cotton seed, that price shall be established on the basis of the most favou­ rable offers and quotations for cotton seed recorded on the Community market or, if those offers and quotations Whereas the world market price for unginned cotton is cannot be established, on the basis of the value of the determined periodically on the basis of the world prices products obtained from processing the seed in the recorded for ginned cotton and cotton seed, talking into Community, less the processing cost ; whereas this value is determined in accordance with Article 4 of Regulation (') OJ No L 377, 31 . 12. 1987, p. 49 . (EEC) No 1201 /89 ; 0 OJ No L 211 , 31 . 7. 1981 , p. 2. 0 OJ No L 154, 25. 6. 1993, p. 23 . (4) OJ No L 154, 25. 6. 1993, p. 24. (6) OJ No L 123, 4. 5. 1989, p. 23. 0 OJ No L 185, 28 . 7. 1993, p. 16. (7) OJ No L 185, 28 . 7. 1993, p. 19.

No L 222/36 Official Journal of the European Communities 1 . 9 . 93

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 currencies and are used as the basis for determining the Article 1 agricultural conversion rates of the Member States' curren­ cies ; whereas detailed rules on the application and deter­ mination of these conversions are laid down in Commis­ The aid for unginned cotton provided for in Article 5 of Regulation (EEC) No 2169/81 shall be : sion Regulation (EEC) No 1068/93 (2) ; Whereas the aid must be fixed once a month, and in such — ECU 63,648 per 100 kilograms. a way that it can be applied for the first day of the month following the date of fixing ; whereas it may be altered between fixings ; 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, 1993 .

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

Done at Brussels, 31 August 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.