Commission Regulation (EC) No 1291/2004 of 14 July 2004 fixing for the 2003/2004 marketing year the specific agricultural conversion 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: 2004-07-14
Institutions: European Commission
Subjects: minimum price, representative rate, sugar beet, sugar levy

15.7.2004

EN

Official Journal of the European Union

L 243/21

COMMISSION REGULATION (EC) No 1291/2004

of 14 July 2004

fixing for the 2003/2004 marketing year the specific agricultural conversion 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 markets in the
sugar sector (1),

(3)

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), and in
particular Article 1(3) thereof,

Whereas:

(1)

Pursuant to Article 1(1) of Regulation (EEC) No 1713/93,
the minimum sugarbeet prices referred to in Article 4 of
Council Regulation (EC) No 1260/2001 and the
production levy and additional levy referred to, respec-
tively, in Articles 15 and 16 of that Regulation are to be
converted into national currency using a specific agri-
cultural conversion rate equal to the average, calculated
pro rata temporis, of
the agricultural conversion rates
applicable during the marketing year in question.

(2)

Since 1 January 1999, pursuant to Council Regulation
(EC) No 2799/98 of 15 December 1998 establishing
agrimonetary arrangements for the euro (3),
the fixing

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

specific

agricultural

conversion rate

The
the
minimum sugarbeet prices and the production levy and
levy for the 2003/2004 marketing year
the additional
should therefore be
fixed in the various national
currencies,

for

HAS ADOPTED THIS REGULATION:

Article 1

The specific agricultural conversion rate to be used for the
conversion of the minimum sugarbeet prices as referred to in
the
Article 4 of Regulation (EC) No 1260/2001, and of
production levy and, where appropriate,
levy
the additional
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
2003/2004 marketing year, as set out in the Annex hereto.

Article 2

This Regulation shall enter into force on 15 July 2004.

It shall apply from 1 July 2003.

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

Done at Brussels, 14 July 2004.

For the Commission

J. M. SILVA RODRÍGUEZ
Director-General for Agriculture

(1) OJ L 178, 30.6.2001, p. 1. Regulation as

last amended by
Commission Regulation (EC) No 39/2004 (OJ L 6, 10.1.2004,
p. 16).

(2) OJ L 159, 1.7.1993, p. 94. Regulation as last amended by Regu-

lation (EC) No 1509/2001 (OJ L 200, 25.7.2001, p. 19).

(3) OJ L 349, 24.12.1998, p. 1.

L 243/22

EN

Official Journal of the European Union

15.7.2004

to the Commission Regulation of 14 July 2004 fixing for the 2003/2004 marketing year the specific agricultural
conversion 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 =

7,43899
9,12552
0,686010

Danish kroner
Swedish kronor
Pounds sterling