
Article 1 
The specific agricultural conversion rate to be used for the conversion of the minimum sugarbeet prices as referred to in Article 4 of Regulation (EC) No 1260/2001, and of 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 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
ANNEX

Specific exchange rate
EUR 1 = 7,43899 Danish kroner
9,12552 Swedish kronor
0,68601 Pounds sterling