31994R2141

1 . 9 . 94 Official Journal of the European Communities No L 228/ 11

COMMISSION REGULATION (EC) No 2141 /94 of 31 August 1994 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 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 Whereas the world market price for ginned cotton and annexed thereto, as amended by Protocol 14 annexed to cotton seed is determined in accordance with Article 4 of the Act of Accession of Spain and Portugal, and Commis­ Regulation (EEC) No 2169/81 ; sion Regulation (EEC) No 4006/87 ('),

Whereas, if the world market price for unginned cotton Having regard to Council Regulation (EEC) No 2169/81 cannot be determined as described above, this price shall of 27 July 1981 laying down the general rules for the be established on the basis of the most recent price deter­ system of aid for cotton (2), as last amended by Regulation mined ; (EEC) No 1554/93 (3), and in particular Article 5 ( 1 ) thereof,

Whereas the world market price for unginned cotton is equal to the sum of the values for ginned cotton seed Whereas, pursuant to Article 5 of Regulation (EEC) No defined in Article 1 of Commission Regulation (EEC) No 2169/81 , aid must be granted for unginned cotton 1201 /89 of 3 May 1989, laying down rules implementing harvested in the Community when the world market the system of aid cotton Q, as last amended by Regulation price for unginned cotton is below the guide price ; (EEC) No 2046/93 (8), minus the cost of ginning ;

Whereas the aid is equal to the difference between these Whereas the above values are established on the basis of two prices ; the prices determined in accordance with Articles 2 and 3 of Regulation (EEC) No 1201 /89 ; whereas the world market price is determined on the basis of the most Whereas the guide price for unginned cotton has been favourable offers and quotations recorded, excluding offers fixed for the 1994/95 marketing year by Council Regula­ and quotations which cannot be regarded as representa­ tion (EC) No 1 876/94 (4); tive of the real market trend :

Whereas the reduction in the amount of the aid resulting Whereas the necessary adjustments must be made in cases from the maximum guaranteed quantity system for the where the offers and quotations recorded do not satisfy 1994/ 1995 marketing year has been fixed provisionally at ECU 25,365 per 100 kilograms, pursuant to the second the requirements indicated above ; subparagraph of Article 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July 1987 adjusting the system of aid for cotton (*), as last amended by Regulation (EEC) No Whereas, pursuant to Article 4 (4) of Regulation (EEC) No 1 553/93 (^ ; whereas the Council has recently undertaken 2169/81 , if there are no suitable offers or quotations for to reduce the maximum percentage aid reduction laid determing the world market price for cotton seed, that down in Regulation (EEC) No 1964/87 ; whereas, pending price shall be established on the basis of the most favou­ formal amendment of the maximum percentage aid rable offers and quotations for cotton seed recorded on reduction, the reduction for 1994/ 1995 should be fixed the Community market or, if those offers and quotations provisionally on the basis of the existing maximum cannot be established, on the basis of the value of the percentage reduction ; products obtained from processing the seed in the Community, less the processing cost ; whereas this value (») OJ No L 377, 31 . 12. 1987, p. 49 . is determined in accordance with Article 4 of Regulation 0 OJ No L 211 , 31 . 7. 1981 , p. 2. (EEC) No 1201 /89 ; (3) OJ No L 154, 25. 6. 1993, p. 23 . (4) OJ No L 197, 30 . 7. 1994, p. 17. 0 OJ No L 184, 3 . 7. 1987, p. 14. 0 OJ No L 123 , 4. 5. 1989, p. 23. 4 OJ No L 154, 25. 6. 1993, p. 21 . (8) OJ No L 185, 28 . 7. 1993, p. 19.

No L 228/ 12 Official Journal of the European Communities 1 . 9 . 94

Whereas the representative market rates defined , in Article HAS ADOPTED THIS REGULATION : 1 of Council Regulation (EEC) No 3813/92 ('), as amended by Regulation (EC) No 3528/93 (2), are used to Article 1 convert amounts expressed in third country currencies and are used as the basis for determining the agricultural 1 . The aid for unginned cotton provided for in Article conversion rates of the Member States' currencies ; 5 of Regulation (EEC) No 2169/81 shall be ECU 50,274 whereas detailed rules on the application and determina­ tion of these conversions are laid down in Commission per 100 kilograms. Regulation (EEC) No 1068/93 (3), as amended by Regula­ 2. However, the amount of the aid will be replaced tion (EC) No 547/94 (4) ; with effect from 1 September 1994 to take account of the Whereas the aid must be fixed once a month, and in such amendments to be made to the maximum guaranteed a way that it can be applied for the first day of the month quantity system . 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, 1994.

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

Done at Brussels, 31 August 1994.

For the Commission Rene STEICHEN Member of the Commission

(') OJ No L 387, 31 . 12. 1992, p . 1 . (2) OJ No L 320, 22. 12. 1993, p . 32. 0 OJ No L 108 , 1 . 5. 1993, p . 106. 0 OJ No L 69, 12. 3. 1994, p. 1 .