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French fashion school offers scholarships

ISTITUTOMARANGONI.COM/EN

ISTITUTO Marangoni’s Paris School of Fashion is offering 15 scholarships to young talents for its 15th anniversary, with applications accepted until July 23.

SoFA Design Institute is Istituto Marangoni’s official affiliate in the Philippines, serves as an information and application hub, which facilitates all inquiries, requirement processing and applications for Istituto Marangoni. SoFA Design Institute founders, Amina Aranaz-Alunan and Loralee Baron-Soong are both graduates of Istituto Marangoni.

The Paris school will award 15 scholarships to young talents starting their studies in the Intensive courses (styling, fashion business, digital marketing), first year of the BA Hons Degree or the Cycles de Spécialisation (Fashion Design; Buying and Merchandising; Styling, Creative Direction, and Digital Content; Luxury Brand Management; Fashion Communication and Digital Media) in the academic year 2021/2022.

Participation in the Initiative is free: each candidate can submit only one application by uploading the required documents on the scholarship platform. Documents for intensive courses application include a high school diploma, high school grades certificate, passport scan or ID, a signed personal statement serving as a letter of motivation explaining why one wishes to join and one’s career goals, and six creative ideas (sketches, photographs, and the like). All items must be submitted in A4 or A3 format, in .pdf,.tiff, .jpg, .zip.

The Three-year Courses and the school’s BA offerings also add a language certificate to the requirements. The Cycles De Spécialisation programs require a university transcript of records and diploma, two letters of reference, a CV, and a portfolio with 10-12 items; in addition to the requirements for BA applications.

Istituto Marangoni was founded in Milan in 1935. It has branches in Florence, London, Paris, Miami, Mumbai, and Shanghai.

Global names attached to the institute include Moschino founder Franco Moschino, Alessandra Facchinetti (formerly of Prada, Gucci, Valentino, and Tod’s), and Domenico Dolce (of Dolce & Gabbana — though he did only stay for a few months).

DAR cuts requirements for transfer of private agricultural land

THE DEPARTMENT of Agrarian Reform (DAR) said it has streamlined the process of obtaining clearances for the transfer of private agricultural land.  

Agrarian Reform Secretary John R. Castriciones said DAR Administrative Order No. 4 was issued streamlines the process for land transactions involving private agricultural land whose owners have not been issued a notice of coverage.   

“We have reduced the number of processing days in compliance with certain provisions of the government which require the revision of existing rules and guidelines on the transfer of agricultural lands and also to adjust to the new normal brought about by the coronavirus disease 2019 (COVID-19) pandemic,” Mr. Castriciones said in a statement over the weekend.

According to Mr. Castriciones, the administrative order is authorized by Republic Act (RA) No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act, Proclamation No. 922, which declared a state of public emergency throughout the Philippines, Proclamation No. 929, which declared a state of calamity throughout the Philippines due to COVID-19, and RA No. 11494 or the Bayanihan to Recover as One Act.

“The issuance of the land transfer clearance (LTC) on this administrative order excludes agricultural lands covered under any other agrarian reform program, under Presidential Decree No. 27, RA No. 6657, as amended, and land transactions with exemption/exclusion/conversion orders issued by the DAR,” Mr. Castriciones said.   

“The applicant-transferor and transferee, or the duly authorized representative shall file a written application or request for the issuance of LTC before the DAR provincial office where the property is registered with the Register of Deeds,” he added.

Mr. Castriciones said DAR will not accept written applications or requests sent through e-mail or filed personally unless proof of payment and all documentary requirements are attached and submitted.

He added that electronic copies of all applications or requests and their annexes will be accepted, but DAR will also require the submission of printed copies through mail or personal submission, in order to check the authenticity of the documents.

“Applicants may also store the files, applications, or requests and documentary requirements, in a portable storage device … which should be properly labeled as to their contents and submit the same to the DAR provincial office in a sealed envelope through the postal office or by any other accredited couriers,” Mr. Castriciones said.

“A filing fee P2,000 for every land transaction shall be collected by the issuing DAR provincial office through its cashier or through online banking, and deposited to the Bureau of Treasury local accounts,” he added. — Revin Mikhael D. Ochave  

Ayala Land unit eyes geothermal power for green energy option – DoE

AYALA Land, Inc. subsidiary DirectPower Services, Inc. will be largely sourcing 360 megawatts (MW) of clean power from geothermal facilities for the government’s green energy option program (GEOP), the Energy department said last week.

The Department of Energy’s Renewable Energy Management Bureau (DoE-REMB) told BusinessWorld in an e-mail on July 16 that based on submitted documents, Tiwi and Makban geothermal plants have available capacity to supply to the GEOP customers of DirectPower.

The bureau said the main source of the Ayala Land unit for the required capacity for the program will be AP Renewables, Inc. — at 130 MW from Tiwi and 230 MW from Makban geothermal plants.

AP Renewables is a subsidiary of listed holdings firm Aboitiz Power Corp.

The Tiwi facility has a total capacity of 234 MW, while the Makban plant has 448.8 MW.

The DoE earlier announced that DirectPower is the latest firm to join the government’s GEOP.

DirectPower, a retail electricity supplier (RES), currently supplies the requirements of 45 contestable customers or those whose consumption is big enough to allow them the choice of power providers.

According to the DoE-REMB, the wholly owned Ayala Land unit received its operating permit, which was approved and signed by the Energy secretary, on June 18.

Launched in 2018, GEOP is a voluntary policy mechanism that allows consumers using at least 100 kilowatts of power to source renewable energy supply from a qualified RES.

The Energy department believes that it is an opportunity for end users to “contribute to the development and use of renewables in a least-cost and sustainable manner.”

At present, the DoE-REMB is evaluating the applications of two retail electricity suppliers and one power generation company for the program.

DirectPower’s entry into the GEOP brings the number of eligible power firms to 13 as of June.

The other entities are Shell Energy Philippines, Inc.; Green Core Geothermal, Inc.; Citicore Energy Solutions, Inc.; Aboitiz Energy Solutions, Inc.; Prism Energy, Inc.; Adventenergy, Inc.; Bacman Geothermal, Inc.; First Gen Energy Solutions, Inc.; SN Aboitiz Power-Magat, Inc.; SN Aboitiz Power-Res, Inc.; AC Energy Philippines, Inc.; and the Sparc-Solar Powered Agri-Rural Communities Corp.

In April last year, the DoE issued the rules for suppliers who wanted to participate in the program.

Approved renewable energy suppliers must ensure that the total power dispatched from their facilities are greater or equal to the total kilowatt per hour sold to their consumers. They must also register in the spot market before supplying power to end users. — Angelica Y. Yang

Tow the stars

PHOTO FROM VIRGIN GALACTIC AND LAND ROVER

The Landy gets involved in a heavenly mission

WE’VE LIVED through the electronic revolution, the rise of microtechnology, the dawn of the internet, and now, the beginning of mankind’s first commercial space flights. Frankly, I can’t get over it. What a time to be alive!

Surely, you must have heard about Virgin Galactic founder and billionaire Richard Branson’s fairly recent flight to the bounds of outer space. He, alongside three other crewmates and two pilots, took off from Virgin Galactic’s Spaceport America in New Mexico in the United States, and shot up 90 kilometers (approximately 295,000 feet) through the sky to achieve weightlessness in that blurry area between the earth’s atmosphere and outer space. The mission was aboard the sub-orbital vehicle “Unity” and took a total of 90 minutes to complete.

It was the company’s fourth space flight to carry a full crew. Richard Branson decided to join this one because he said he wanted to evaluate the experience before they actually started boarding customers by sometime next year.

But did you know that Land Rover has been a long-time supporter of Virgin Galactic’s journey to realizing commercial space flights? As a matter of fact, Land Rovers have been towing Virgin Galactic space vehicles — transporting their astronauts around the field, and in many other ways supporting their day-to-day operations — since 2014.

Having said that, Richard Branson arrived in the very special Range Rover Astronaut Edition (which was first unveiled by Jaguar Land Rover’s Chief Creative officer, Prof. Gerry McGovern, together with Branson back in 2019), prior to boarding the “Unity 22” for their highly publicized mission. And upon their safe return, their spacecraft was towed back by an ever-dependable Land Rover defender 110.

Moreover, when Virgin Galactic starts boarding their 600 lined-up, paying customers beginning next year, these explorers will likewise all be transported to the spacecraft in Land Rover vehicles.

“It was completely fitting that these capable luxurious and iconic vehicles played a central part in this historic event,” shared Virgin Galactic’s Chief Customer Officer Stephen Attenborough. He added, “As we look ahead to the start of a full commercial service, we couldn’t be more delighted to know that Land Rover will be going above and beyond, as together we open space to change the world for good.”

The very special Range Rover Astronaut Edition was created by Land Rover SV Bespoke and is offered exclusively to Virgin Galactic’s “future astronaut” customers.

In the Philippines, Coventry Motors Corp. President Chris Ward shared his thoughts regarding the Virgin Galactic partnership: “Land Rover’s significant participation in this revolutionary event is such a remarkable move for the brand! For years, the brand has worked on evolving on its research and technology, partnering with brands and efforts that would challenge its passion for adventure and technological advancement. In line with its global plan, “Reimagine,” Land Rover only proves to fulfill its promise to explore and conquer challenges not most are willing to take.”

Yields on gov’t debt end flat after Fitch move

YIELDS ON government securities (GS) traded in the secondary market ended flat last week following the Fitch Ratings’ outlook revision for the Philippines.

GS yields, which move opposite to prices, rose by an average of 0.88 basis point (bp) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of July 16 published on the Philippine Dealing System’s website.

Yields on Treasury bills (T-bills) were mixed last week. The rates of the 182- and 364-day papers inched up by 0.08 bp and 1 bp, respectively, to 1.4131% and 1.6122%. On the other hand, the yield on the 91-day T-bills fell by 1.60 bps to 1.1615%.

A similar trend was seen in the belly of the curve as yields on the three-, four-, five-, and seven-year Treasury bonds (T-bonds) increased by 0.28 bp (to 2.3385%), 2.67 bps (2.6810%), 4.95 bps (2.9996%), and 7.27 bps (3.5012%), respectively. Meanwhile, the rate of the two-year T-bonds went down 1.62 bps to 1.9643%.

At the long end of the curve, the 10-year debt paper saw its yield pick up by 5.84 bps week-on-week to close at 3.9097%, while the rates of the 20- and 25-year tenors fell by 5.66 bps (4.9099%) and 3.48 bp (4.931%), respectively.

Philippine Bank of Communications Senior Trader Justin Robert G. Ladaban said in an e-mail that Fitch’s outlook revision for the country to “negative” from “stable” affected yield movements last week.

“This brought some defensiveness initially and heading into the 20-year auction last Tuesday,” Mr. Ladaban said. “However, following a relatively tame bond auction and with global yields staying largely range bound, we eventually saw some bargain hunting which generated some buying interest towards the end of the week, particularly in the short end of the curve.

Fitch last week revised its outlook for the Philippines to “negative” from “stable,” while keeping its “BBB” credit rating for the country.

The “negative” outlook means Fitch may downgrade the Philippines’ credit rating if it reverses reforms or departs from the prudent macroeconomic policy framework that leads to continued higher fiscal deficits. A weaker macroeconomic outlook over the medium-term and “diminishing policy credibility” may also lead to a downgrade.

Fitch has kept the Philippines’ rating at “BBB,” which is one notch above the minimum investment grade, since December 2017.

Meanwhile, the Bureau of the Treasury (BTr) raised P16.799 billion via its offer of fresh 20-year T-bonds on Tuesday, less than half of the programmed P35 billion, after yields increased following Fitch’s move. Total bids for the bonds reached P63.069 billion, making the offering nearly twice oversubscribed.

The 20-year notes fetched a coupon of 5.125%, higher by 15.7 bps against the 20-year tenor’s 4.968% rate at the secondary market prior to the auction.

On the other hand, a bond trader attributed the yield movements last week to Federal Reserve Chairman Jerome Powell’s semi-annual testimony to the US House of Representatives last week.

“Yields were actually higher until Mr. Powell’s dovish statement, which then put a cap on yields. Most benchmark bonds are mostly unchanged from last week’s levels,” the bond trader said in a Viber message.

Mr. Powell said the US economy “is still a ways off” from the levels the central bank’s expectations before narrowing its support to the economy, Reuters reported.

In testimony, Mr. Powell also said he is confident higher inflation was connected with the country’s post-pandemic reopening and will ease in the coming months. Data showed that consumer prices increased by the most in 13 years in June while producer prices accelerated to the largest annual increase in more than a decade.

The bond trader expects yields this week to move “sideways with a downward bias.”

“We shall monitor the presence of Delta variant [of the coronavirus] and its effect on phase of reopening,” the trader said.

“[This] week, market players will likely look towards the results of the 10-year auction for some direction although I expect yields to stay generally range bound,” Mr. Ladaban added.

The Treasury will offer P35 billion in fresh 10-year bonds on July 21. — Lourdes O. Pilar

Lexus Design Award 2022 is now open for entries

“Algorithmic Lace,” a 3D printing technology that works in conjunction with handmade elements to create, among other groundbreaking things, a bra for breast cancer survivors.

THE LEXUS Design Award — an international design competition targeting the next generation of innovators around the world — is now open for entries to the 2022 edition. Entries can be submitted online at LexusDesignAward.com from now until Oct. 10.

The Lexus Design Award provides “an opportunity for innovators to work with a world-famous designer as a mentor to create prototypes of their designs,” according to a recent release. The international design competition was launched in 2013.

“Entrants need to demonstrate how their creative ideas express three key principles of the Lexus brand: Anticipate, Innovate and Captivate,” said the release. “Their design should anticipate global challenges facing future society and imagine engaging and innovative ways to contribute to a sustainable and happy future for all. Lexus is looking for captivating designs that intersect with thoughtful solutions and can truly make a brighter future for people and societies in diverse circumstances.”

Among the past winners of the award are Algorithmic Lace, a 3D printing technology that works in conjunction with handmade elements to create, among other groundbreaking things, a bra for breast cancer survivors; Ooho!, an edible capsule-shaped packaging made from seaweed as an alternative to the plastic bottle; and a Portable Solar Distiller which makes clean drinking water from polluted water or sea water, using sunlight.

Six finalists will be announced in early 2022. They will work with four internationally renowned creators who will be their mentors and who “will help the finalists to build prototypes that bring out the potential of their ideas.”

Lexus will fund each of the finalists’ prototype development with a budget of £20,000 (roughly P1.4 million). The final prototypes will be presented to judges in mid-2022. One Grand Prix winner will be chosen.

To learn more, visit the Lexus website at lexus.com.ph or visit its social media pages on Facebook and Instagram @lexusmanila.

Brazil states seek int’l funds to fight deforestation

REUTERS

BRASILIA — Nine Brazilian states that are wholly or partially in the Amazon rainforest are negotiating with international organizations for aid to combat deforestation, circumventing the federal government, their governors said on Friday.

Flávio Dino, the leftist governor of Maranhao state who is often floated as a potential presidential candidate for elections in 2022, presented the project, known as Plano de Recuperação Verde, or Green Renewal Plan, at a press conference in Brasilia.

Among the goals of the group is eliminating illegal deforestation by 2030, generating employment and aiding the region’s transition to a greener economy.

“The world is moving and Brazil can’t stay still due to domestic political reasons. The price for the country could be very high,” Dino said.

Deforestation has surged since right-wing President Jair Bolsonaro took office in January 2019, drawing international outcry from foreign governments and environmentalists. Bolsonaro has called for mining and agriculture in protected areas of the Amazon and has weakened environmental enforcement agencies.

That in turn has caused some states to more actively participate in environmental matters.

The consortium has already begun negotiating with the LEAF Coalition, a fund organized by the US, British and Norwegian governments to protect the rainforest. The Plano de Recuperação Verde consortium will deliver the nine governors’ deforestation reduction targets to LEAF this week, Dino said.

He added that the group plans to begin its work this year and to stop the growth of intentional forest fires and deforestation in the second half of 2021. — Reuters

Chery sales register 351% growth in H1

PHOTO FROM CHERY PHILIPPINES

CHERY AUTO Philippines reported in a release that its vehicle sales in the first half of 2021 grew by a remarkable 351% compared to the same period last year. Its June figure also trended upward by 355% compared to June 2020.

“The growth reflects the warm reception of the Philippine market toward the all-new Chery Tiggo 7 Pro [which accounted for] 37% of total Chery sales in the first six months of the year. Launched just last January, the Tiggo 7 Pro posted June sales 160% higher than the previous month of May. Orders for July onwards project continuous sustained demand for the head-turning, high-performance turbocharged compact SUV,” said the company in a release.

The entry-level Chery Tiggo 2 comprised 33% of total sales, with the brand noting that it “(costs) less than many hatchbacks and subcompact sedans.” With a starting price of P695,000, the Tiggo 2 “presents a compelling proposition with its SUV space and versatility.” The crossover is also available in unique two-tone finishes and comes in manual and automatic transmission.

Said United Asia Automotive Group, Inc. (UAAGI) President Rommel Sytin, “We are buoyed by the strong interest and demand for our Chery Tiggo models, particularly the all-new Tiggo 7 Pro and Tiggo 2. Together with the subcompact Tiggo 5X and the luxurious midsize flagship 7-seater Tiggo 8, they propel the brand’s vision of establishing Chery as the leading crossover brand in the Philippines.”

The company said it is continuing to grow its dealership network — currently 19 strong — “unprecedented for a new brand that’s introduced only less than two years ago.” Chery is said to be continuing to scout unserved areas through the metropolis and the rest of the country.

Chery boasts an industry-leading warranty and preventive maintenance service (PMS) program, which features a 10-year/one-million-km engine warranty, five-year general warranty, three-year roadside assistance, and a free full PMS for three years. For more information, follow Chery Auto Philippines Facebook and Instagram, call the 24/7 Chery Auto Philippines hotline at 0917-552-4379, or e-mail chery@uaagi.com.

Shakey’s looks forward to growth potential of Peri-Peri, R&B Milk Tea

SHAKEYSPIZZA.PH

SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) is looking forward to the growth potential of the Peri-Peri Charcoal Chicken brand and Singapore’s R&B Milk Tea.

“We have two brands here that [have] all the makings of becoming category leaders, which in the end — in the grand scheme of things, we want to have a portfolio of ‘wow’ brands,” SPAVI President and Chief Executive Officer Vicente L. Gregorio said during the company’s virtual stockholders’ meeting last week.

“And already both Peri-Peri and R&B have shown their full potential in the last few months,” he added.

SPAVI signed an asset purchase agreement for Peri-Peri before the pandemic hit in 2019. The company said it saw an opportunity in the chicken restaurant chain, citing Filipinos’ love for chicken.

Peri-Peri has since “aggressively expanded,” with all stores becoming profitable.

“We thought this was the perfect vehicle for us to go into this category and we believe we have a brand that has the potential to be the leader in this category,” Mr. Gregorio said.

Meanwhile, the company inked a franchise agreement with Singapore-based Kuofu Group Ltd. in August last year, joining the bubble tea craze through R&B Milk Tea products.

Despite the pandemic, the company said the milk tea brand was able to flourish due to Shakey’s delivery platform.

“People are locked in in their homes, they want comfort food. The young, especially… they like this product very much,” Mr. Gregorio said.

R&B Milk Tea is now available in 133 Shakey’s and Peri-Peri stores.

“Clearly, these two brands will provide us the opportunities for more growth, just as we continue to grow Shakey’s in the Philippines and even in the international scene, Peri-Peri and R&B will provide us that extra boost and opportunities for growth,” Mr. Gregorio said.

SPAVI ended 2020 with 279 stores. This year, it plans to open 30 new stores — 15 Shakey’s outlets and 15 Peri-Peri branches. It has so far launched 11 net new stores to bring the total outlets to 290 as of end-May.

Shares of Shakey’s at the stock exchange declined by 0.75% or six centavos on Friday, closing at P7.94 apiece. — Keren Concepcion G. Valmonte

DoF says peso more volatile in the first half

PHILSTAR

THE PHILIPPINE PESO was among the Asian currencies that showed high volatility versus the dollar in the first half, the latest economic bulletin by the Department of Finance (DoF) showed.

The volatility of the peso-dollar exchange rate, measured through the coefficient of variation (CV), picked up to 1.13 in the first half from 0.92 at the end of 2020, DoF Undersecretary and Chief Economist Gil S. Beltran said on Sunday.

This was the second-highest among Asian currencies in the report next to Vietnamese dong’s CV of 1.84 as of June, easing from 4.01 in 2020.

The bulletin covered 11 Asian currencies: the Philippine peso, the Brunei dollar, Chinese yuan, Indian rupee, Indonesian rupiah, Japanese yen, Korean won, Malaysian ringgit, Singapore dollar, Thai baht, and Vietnamese dong.

The peso last year ended at P48.036 per dollar and was among the most stable Asian currencies with a CV of 0.92, the second lowest after the Thai baht, even with markets taking a hit due to the coronavirus pandemic.

However, the peso’s CV picked up to 1.17 in the first quarter and 1.03 in the second quarter, while the volatility of currencies in other economies eased. The peso-dollar CV went up to 0.94 in June alone from 0.82 in May.

The local unit closed at P48.544 against the dollar at end-June, depreciating by 1.05% from the end-2020 level. It has been trading at the P50-per-dollar level in the past days.

“This increase in volatility may be traced to the Fed’s indication to start ‘talking about talking’ about a taper, that is, reducing its purchase of government bonds and mortgage-backed securities,” Mr. Beltran said.

The US Federal Reserve in June said they may gradually reduce their bond purchases soon and start increasing interest rates in 2023 as the US economy shows more signs of recovery.

“Strong fundamentals support the relative stability of the peso. As of end-May, for instance, the country’s reserves of $107.25 billion could cover more than a year’s worth of imports. Furthermore, the country’s exposure to external debt, measured in percent to gross domestic product, is the lowest among major Southeast Asian economies,” Mr. Beltran added.

Economic managers expect the peso to range from P48 to P53 versus the dollar this year. — B.M. Laforga

2021 Old Manila wine dinner series continues

THE 2021 OLD Manila Wine Dinner Series continues, featuring a five-course degustation menu, created by Old Manila Chef de Cuisine Allan Briones, paired with wines from Spottswoode Estate Vineyard & Winery. The wine dinner is set for July 20, 6:30 p.m., at The Peninsula Manila’s signature fine dining restaurant Old Manila. Price per person is P12,000, inclusive of taxes. This is the second time this year that Mr. Briones is collaborating with an award-winning vineyard and winery, and creating a dinner around the wine. During the five-course dinner, select fine wines and Champagnes will be paired with each course. Guests will also have the opportunity to “meet” Spottwoode Estate President and CEO Beth Novak Milliken who will be streaming live from Napa Valley, as well as Mr. Briones and his team and ask questions about the wines and dishes they will be enjoying. The menu includes dishes such as a Goats Cheese and Crab Tart which uses artisanal goats cheese crafted in Butuan and crabs harvested from the waters off Sulu. Also on the menu are a Primavera Truffle Risotto, Mediterranean Dry-aged Lamb Burger on a Rosemary Brioche, Wagyu Parmentier with Potato Textures, and Dark Chocolate and Orange Crémeux. Pre-paid reservations are required for the dinner as there is very limited seating. For inquiries and orders, call 8887-2888 (trunk line) or through PenChat, The Peninsula Manila’s 24-hour e-concierge by using this link: https://bit.ly/PenChatFacebook.

Germany detects first ASF outbreak in farmed pigs near Polish border

REUTERS

HAMBURG — The first cases of African Swine Fever (ASF) have been confirmed in farm pigs in Germany, the country’s federal agriculture ministry said on Friday.

The disease was confirmed in pigs on two farms in the eastern German state of Brandenburg.

Previous cases have only been found in wild animals, with 1,267 ASF cases so far in wild boar in the Brandenburg area. Brandenburg is on the border with Poland, where the disease is widespread.

China and other pork buyers banned imports of German pork in September 2020 after the first case was confirmed in wild animals. Import bans by China and major Asian importers remain in place.

Germany’s Friedrich-Loeffler scientific institute had confirmed the farm animals had ASF, the agriculture ministry said.

The disease was found in pigs on one organic farm with 200 animals and on a smallholding with only two pigs, the Brandenburg health ministry said. All have been slaughtered.

“For almost a year we have been fighting against the enormous pressure of the disease from Poland,” said Brandenburg state health minister Ursula Nonnemacher.

Fencing has been built along the Polish border to prevent wild boars entering Germany and six zones were established with intensified hunting of wild boars, she said.

“I very much regret the first cases in farm pigs, but sadly this possibility could never be fully ruled out,” Nonnemacher said.

The import bans on German pork imposed last year have led to trade displacement, with EU producers including Spain raising exports to Asia while Germany increased sales inside the EU.

The agriculture ministry said the regionalization concept means Germany’s pork exports inside the EU will continue.

The regionalization concept means stopping pork imports from the region of a country where African swine fever has been found but not a blanket ban on sales from the whole country. — Reuters

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