L 344/56 Official Journal of the European Union 20.12.2008 COMMISSION REGULATION (EC) No 1312/2008 of 19 December 2008 fixing the conversion rates, the processing costs and the value of the by-products for the various stages of rice processing (Codified version) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1234/2007 of 22 October 2007 on the common organisation of agricultural markets and on specific provisions for certain agricultural products (Single CMO Regulation) (!), and in particular Article 5, third paragraph, in conjunction with Article 4 thereof, Whereas: (1) Regulation (EEC) No 467/67 of the Commission of 21 August 1967 fixing the conversion rates, the processing costs and the value of the by-products for the various stages of rice processing (?) has been substan- tially amended several times (%). In the interests of clarity and rationality the said Regulation should be codified. (2)  Article 5, third paragraph, of Regulation (EC) No 1234/2007 provides that the Commission may fix the conversion rates, the processing costs and the value of the by-products to be taken into consideration, when applying the said Regulation, for the purpose of converting values or quantities relating to the various stages of the processing of rice (paddy, husked, semi- milled or milled). (3)  To that end, account should be taken of the information obtained from the best equipped industries of the Community. (4)  The measures provided for in this Regulation are in accordance with the Opinion of the Management Committee for the Common Organisation of Agricultural Markets, () OJ L 299, 16.11.2007, p. 1. () O] 204, 24.8.1967, p. 1. (®) See Annex I. HAS ADOPTED THIS REGULATION: Article 1 1. The conversion rate between husked rice and paddy rice shall be as follows: Husked rice Paddy rice 1 1,25 2. The conversion rate between husked rice and milled rice shall be as follows: Husked rice Milled rice Round-grained rice 1 0,775 Medium-grained or long-grained 1 0,69 rice 3.  The conversion rate between milled rice and semi-milled rice shall be as follows: Milled rice Semi-milled rice Round-grained rice 1 1,065 Medium-grained or long-grained 1 1,072 rice Atrticle 2 1. The processing costs to be taken into consideration when paddy rice is converted into husked rice shall be EUR 47,13 per tonne of paddy rice. 2. The processing costs to be taken into consideration when husked rice is converted into milled rice shall be EUR 47,13 per tonne of husked rice. 3. The processing costs for converting semi-milled rice into milled rice shall not be taken into consideration. Atrticle 3 1. The value of the by-products obtained from processing paddy rice into husked rice shall be considered to be nil.