No L 132/68 Official Journal of the European Communities 29. 5. 93 COMMISSION REGULA’i'ION (EEC) No 1313/93 of 28 May 1993 fixing the aid for cotton THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Act of Accession of Spain and Portugal, 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- sion Regulation (EEC) No 4006/87 ('), 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 (), as'last amended by Regulation (EEC) No 2053/92(%), and in particular Article 5 (1) thereof, 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 the aid is equal to the difference between these two prices ; Whereas the second sentence of Article 7 (1) of Commis- sion Regulation (EEC) No 1201/89 of 3 May 1989 laying down.rules implementing the system of aid for cotton (%), as last amended by Regulation (EEC) No 2328/92 (%), stipulates that aid applications may be lodged during May and July 1993 for both the 1992/93 and 1993/94 marke- ting years ; whereas the aid valid for the two marketing years in question should therefore be fixed during those months ; Whereas in the absence of a guide price for cotton valid for the 1993/94 marketing year, the amount of aid to be granted where it is fixed in advance for that marketing year can be fixed only provisionally on the basis of the Commission’s most recent price proposals to the Council for the 1993/94 marketing year, taking account of the reduction provided for in Commission Regulation (EEC) No 3824/92 of 28 December 1992 amending the prices and amounts fixed in ecus as a result of the monetary realignment of September and November 1992 (€), as last amended by Regulation (EEC) No 784/93 () ; whereas this () OJ No L 377, 31. 12. 1987, p. 49. () O] No L 211, 31. 7. 1981, p. 2. () OJ No L 215, 30. 7. 1992, p. 12. () OJ No L 123, 4. 5. 1989, p. 23. % OJ No L 223, 8. 8. 1992, p. 15. (9 OJ No L 387, 31. 12. 1992, p. 39. ()-OJ No L 79, 1. 4. 1993, p. 54. amount must therefore be applied provisionally only, and must be confirmed or replaced as soon as the price for the 1992/94 marketing year is known ; Whereas, pursuant to the second subparagraph of Atticle 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 2052/92 (°), the aid for cotton for the 1993/94 marketing year is reduced by ECU 5,140/100 kilograms as fixed by Commission Regu- lation (EEC) No 2511/92 (*) and by the reduction fixed to take account of the expected overrun of the maximum guaranteed quantity fixed by the second subparagraph of Article 2 (1) of Regulation (EEC) No 1964/87 ; whereas, in these circumstances, the amount of the aid has been provisionally calculated on the basis of an overall reduc- tion of ECU 20,359/100 kilograms ; 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 account the estimated yield of the Community harvest in cotton seed and in ginned cotton and also the net cost of ginning ; Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 of Regulation (EEC) No 2169/81; Whereas, if the world market price for unginned cotton cannot be determined as described above, this price shall be established on the basis of the most recent price deter- mined ; Whereas the world market price for unginned cotton is equal to the sum of the values for ginned cotton seed defined in Article 1 of Regulation (EEC) No 1201/89, minus the cost of beginning; 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 market price is detrmined on the basis of the most favou- rable offers and quotations recorded, excluding offers and quotations which cannot be regarded as representative of the real market trend; Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy the requirements indicated above ; () OJ No L 184, 3. 7. 1987, p. 14. () OJ No L 215, 30. 7. 1992, p. 10. (% OJ No L 250, 29. 8. 1992, p. 14.