Commission Regulation (EC) No 1708/2000 of 31 July 2000 fixing for the 1999/2000 marketing year the specific exchange rate applicable to the minimum sugarbeet prices and the production levy and additional levy in the sugar sector for the currencies of those Member States which have not adopted the single currency
Date: 2000-07-31
Institutions: European Commission
Subjects: exchange rate, minimum price, monetary union, prices policy, sugar, sugar beet

L 195/34

EN

Official Journal of the European Communities

1.8.2000

COMMISSION REGULATION (EC) No 1708/2000

of 31 July 2000

fixing for the 1999/2000 marketing year the specific exchange rate applicable to the minimum
sugarbeet prices and the production levy and additional levy in the sugar sector for the currencies
of those Member States which have not adopted the single currency

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Commission Regulation (EEC) No 1713/93 of
30 June 1993 establishing special detailed rules for applying
the agricultural conversion rate in the sugar sector (1), as last
amended by Regulation (EC) No 1642/1999 (2), and in partic-
ular Article 1(3) thereof,

Whereas:

the fixing of conversion rates should be restricted to the
specific exchange rates between the euro and the
national currencies of those Member States which have
not adopted the single currency.

(3)

the 1999/2000 marketing year, of

The application of these provisions results in the fixing,
the specific
for
exchange rate for the minimum sugarbeet prices and the
production levy and, where appropriate, the additional
levy in the various national currencies, as set out in the
Annex to this Regulation,

(1)

Article 1(1) of Regulation (EEC) No 1713/93 specifies
that the minimum sugarbeet prices referred to in Article
5 of Council Regulation (EC) No 2038/1999 of 13
September 1999 on the common organisation of the
market in the sugar sector (3) as amended by Commis-
sion Regulation (EC) No 1527/2000 (4), and the produc-
tion levy and additional levy referred to Articles 33 and
34 respectively of that Regulation are to be converted
into national currency using a specific exchange rate
equal to the average, calculated pro rata temporis, of the
exchange rates applicable during the marketing year in
question. That specific exchange rate must be fixed
during the month following the end of the marketing
year in question.

HAS ADOPTED THIS REGULATION:

Article 1

The specific exchange rate to be used for the conversion of the
minimum sugarbeet prices as referred to in Article 5 of Regula-
tion (EC) No 2038/1999 and the production levy and, where
appropriate, the additional levy referred to in Articles 33 and
34 respectively of that Regulation, into each of the national
currencies of the Member States which have not adopted the
single currency, shall be fixed, for the 1999/2000 marketing
year, as set out in the Annex hereto.

(2)

The system of specific agricultural conversion rates was
amended from 1 January 1999 by Council Regulation
(EC) No 2799/98 of 15 December 1998 establishing
agrimonetary arrangements for the euro (5). As a result,

Article 2

This Regulation shall enter into force on 1 August 2000.

It shall apply from 1 July 1999.

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

Done at Brussels, 31 July 2000.

For the Commission

Pedro SOLBES MIRA

Member of the Commission

(1) OJ L 159, 1.7.1993, p. 94.
(2) OJ L 195, 28.7.1999, p. 3.
(3) OJ L 252, 25.9.1999, p. 1.
(4) OJ L 175, 14.7.2000, p. 59.
(5) OJ L 349, 24.12.1998, p. 1.

1.8.2000

EN

Official Journal of the European Communities

L 195/35

to Regulation (EC) No 1708/2000 fixing for the 1999/2000 marketing year the specific exchange rate applicable
to the minimum sugarbeet prices and the production levy and additional levy in the sugar sector for the
currencies of those Member States which have not adopted the single currency

ANNEX

Specific exchange rate

EUR 1 =

7,44373

330,993

8,53381
0,628793

Danish kroner
Greek drachmas
Swedish kronor
Pounds sterling