Can you explain how ASF affects market access?

Yes.

So regionalization has really become one of the key issues that market participants are monitoring literally on a daily basis.

So in practice, what it determines is whether an exporter can continue shipping product from unaffected regions like in their country or whether the access to an entire market is suddenly lost overnight.

So for Spanish exporters, that uncertainty creates a very difficult commercial environment.

Even before official restrictions are implemented, buyers often start to behave in a more cautious way.

Contracts can take longer to negotiate and exporters may spend like a lot more time reassuring their customers that there will be supply continuity.

And from conversations with producers,