Commission Regulation (EC) No 1188/2002 of 2 July 2002 fixing for the 2001/2002 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: 2002-07-02
Institutions: European Commission
Subjects: exchange rate, marketing, minimum price, monetary union, sugar beet, sugar levy

3.7.2002

EN

Official Journal of the European Communities

L 173/7

COMMISSION REGULATION (EC) No 1188/2002

of 2 July 2002

fixing for the 2001/2002 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 Commu-
nity,

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 1509/2001 (2), and in parti-
cular Article 1(3) thereof,

(3)

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.

the 2001/2002 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,

Whereas:

(1)

Article 1(1) of Regulation (EEC) No 1713/93 specifies
that the minimum sugarbeet prices referred to in Article
4 of Council Regulation (EC) No 1260/2001 of 19 June
2001 on the common organisation of the market in the
sugar sector (3), as amended by Commission Regulation
(EC) No 680/2002 (4), and the production levy and addi-
tional levy referred to Articles 15 and 16 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 ques-
tion.

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 4 of Regula-
tion (EC) No 1260/2001 and the production levy and, where
appropriate, the additional levy referred to in Articles 15 and
16 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 2001/2002 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 3 July 2002.

It shall apply from 1 July 2001.

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

Done at Brussels, 2 July 2002.

For the Commission

J. M. SILVA RODRÍGUEZ

Agriculture Director-General

(1) OJ L 159, 1.7.1993, p. 94.
(2) OJ L 200, 25.7.2001, p. 19.
(3) OJ L 178, 30.6.2001, p. 1.
(4) OJ L 104, 20.4.2002, p. 26.
(5) OJ L 349, 24.12.1998, p. 1.

L 173/8

EN

Official Journal of the European Communities

3.7.2002

to Commission Regulation (EC) No 1188/2002 of 2 July 2002 fixing for the 2001/2002 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 =

7,43790
9,30071
0,620647

Danish kroner
Swedish kronor
Pounds sterling