CWT Assists with 1.8 Million Pounds of Cheese and Whole Milk Powder Export Sales
Cooperatives Working Together (CWT) has accepted 9 requests for export assistance from Dairy Farmers of America, Michigan Milk Producers Association and Northwest Dairy Association (Darigold) who have contracts to sell 1.334 million pounds (605 metric tons) of Cheddar, Colby, Gouda, and Monterey Jack cheese, and 440,925 million pounds (200 metric tons) of whole milk powder to customers in Asia, Central America, and North Africa. The product has been contracted for delivery in the period from July 2015 through January 2016.Year-to-date, CWT has assisted member cooperatives who have contracts to sell 43.682 million pounds of cheese, 30.395 million pounds of butter and 33.277 million pounds of whole milk powder to thirty-three countries on five continents. The amounts of cheese, butter and whole milk powder in these sales contracts represent the equivalent of 1.330 billion pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program, in the long-term, helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them. This, in turn, positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.
8.07.2015