
Article 1 
The minimum selling prices of butter from intervention stocks and processing securities applying for the 154th individual invitation to tender, under the standing invitation to tender provided for in Regulation (EC) No 2571/97, shall be fixed as indicated in the Annex hereto.
Article 2 
This Regulation shall enter into force on 18 December 2004.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 17 December 2004.
For the Commission
Mariann FISCHER BOEL
Member of the Commission
ANNEX

(EUR/100 kg)
Formula A B
Incorporation procedure With tracers Without tracers With tracers Without tracers
Minimum selling price Butter ≥ 82 % Unaltered 211,1 214,25 — 215,1
Concentrated 208,5 — — —
Processing security Unaltered 73 73 — 73
Concentrated 73 — — —