Commission Regulation (EC) No 959/2002 of 5 June 2002 fixing, for May 2002, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector
Date: 2002-06-05
Institutions: European Commission
Subjects: exchange rate, financial equalisation, storage, storage cost, sugar

6.6.2002

EN

Official Journal of the European Communities

L 148/13

COMMISSION REGULATION (EC) No 959/2002

of 5 June 2002

fixing, for May 2002, the specific exchange rate for the amount of the reimbursement of storage
costs in the sugar sector

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 2799/98 of 15
December 1998 establishing agrimonetary arrangements for
the euro (1),

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 (2), as last
amended by Regulation (EC) No 1509/2001 (3), and in parti-
cular Article 1(3) thereof,

Whereas:

(1)

(2)

Article 1 of Commission Regulation (EC) No 1878/2001
of 26 September 2001 laying down transitional
measures in connection with the compensation system
for storage costs for sugar (4), lays down that Article 8 of
Council Regulation (EC) No 2038/1999 of 13 September
1999 on the common organisation of the markets in the
sugar sector (5), as amended by Commission Regulation
(EC) No 1527/2000 (6), will continue to apply to sugars
carried forward from the 2000/01 marketing year to the
2001/02 marketing year.

Article 1(2) of Regulation (EEC) No 1713/93 provides
that the amount of the reimbursement of storage costs
referred to in Article 8 of Regulation (EC) No 2038/
1999 is to be converted into national currency using a
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conversion
rates applicable during the month of storage. That

specific rate must be fixed each month for the previous
the reimbursable
in the case of
month. However,
amounts applying from 1 January 1999, as a result of
the introduction of the agrimonetary arrangements for
the euro from that date, the fixing of the conversion rate
should be
rates
prevailing between the euro and the national currencies
of the Member States that have not adopted the single
currency.

limited to the

exchange

specific

(3)

Application of these provisions will lead to the fixing,
for May 2002, of the specific exchange rate for the
amount of the reimbursement of storage costs in the
various national currencies as indicated in the Annex to
this Regulation,

HAS ADOPTED THIS REGULATION:

Article 1

The specific exchange rate to be used for converting the
amount of the reimbursement of the storage costs referred to in
Article 8 of Regulation (EC) No 2038/1999 into national
currency for May 2002 shall be as indicated in the Annex
hereto.

Article 2

This Regulation shall enter into force on 6 June 2002.

It shall apply with effect from 1 May 2002.

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

Done at Brussels, 5 June 2002.

For the Commission

J. M. SILVA RODRÍGUEZ

Agriculture Director-General

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 159, 1.7.1993, p. 94.
(3) OJ L 200, 25.7.2001, p. 19.
(4) OJ L 258, 27.9.2001, p. 9.
(5) OJ L 252, 25.9.1999, p. 1.
(6) OJ L 175, 14.7.2000, p. 59.

L 148/14

EN

Official Journal of the European Communities

6.6.2002

to the Commission Regulation of 5 June 2002 fixing, for May 2002, the specific exchange rate for the amount of
the reimbursement of storage costs in the sugar sector

ANNEX

Specific exchange rate

EUR 1 =

7,43568
9,22779
0,626629

Danish kroner
Swedish kroner
Pound sterling