Commission Regulation (EC) No 1262/2003 of 16 July 2003 fixing for the 2002/2003 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: 2003-07-16
Institutions: European Commission
Subjects: euro, exchange rate, marketing, national currency, non-participating country (euro area), price of agricultural produce, root vegetable, sugar

17.7.2003

EN

Official Journal of the European Union

L 178/3

COMMISSION REGULATION (EC) No 1262/2003

of 16 July 2003

fixing for the 2002/2003 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 Council Regulation (EC) No 1260/2001 of 19
June 2001 on the common organisation of the market in the
sugar sector (1), as amended by Commission Regulation (EC)
No 680/2002 (2),

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 (3), as last
amended by Regulation (EC) No 1509/2001 (4), and in parti-
cular Article 1(3) thereof,

Whereas:

(1)

(2)

Article 1(1) of Regulation (EEC) No 1713/93 specifies
that the minimum sugarbeet prices referred to in Article
4 of Regulation (EC) No 1260/2001 and the production
levy and additional levy referred to in 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.

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,
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 2002/2003 marketing year, of

The application of these provisions results in the fixing,
for
the specific
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,

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
into each of the national
16 respectively of that Regulation,
currencies of the Member States which have not adopted the
single currency, shall be fixed, for the 2002/2003 marketing
year, as set out in the Annex hereto.

Article 2

This Regulation shall enter into force on 17 July 2003.

It shall apply from 1 July 2002.

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

Done at Brussels, 16 July 2003.

For the Commission

J. M. SILVA RODRÍGUEZ

Agriculture Director-General

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

L 178/4

EN

Official Journal of the European Union

17.7.2003

to the Commission Regulation of 16 July 2003 fixing for the 2002/2003 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

EUR 1 =

Specific exchange rate

7,42790

9,16257

Danish kroner

Swedish kronor

0,660269

Pounds sterling