CWT Assists with 12.4 Million Pounds of Cheese and Butter Export Sales

CWT Assists with 12.4 Million Pounds of Cheese and Butter Export Sales

Cooperatives Working Together Cooperatives Working Together (CWT) has accepted 32 requests for export assistance from Bongards Creameries, Dairy Farmers of America, Land O’Lakes and Northwest Dairy Association (Darigold) to sell 4.890 million pounds (2,218 metric tons) of Cheddar, Gouda and Monterey Jack cheese and 7.540 million pounds (3,420 metric tons) of butter to customers in Asia, Central America, Europe, the Middle East and North Africa. The product will be delivered October 2012 through March 2014.

Year-to-date, CWT has assisted member cooperatives in selling 106.900 million pounds of cheese, 79.795 million pounds of butter, 44,092 pounds of anhydrous milk fat and 218,258 pounds of whole milk powder to 37 countries on six continents. These sales are the equivalent of 2.783 billion pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by helping to maintain inventories of cheese and butter at desirable levels. In the long-term, CWT’s Export Assistance program helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the farm milk that produces them.

CWT will pay export assistance to the bidders only when delivery of the product is verified by the submission of the required documentation.

Return to Industry Buzz.

10.08.2013