CWT Assists with 2.6 Million Pounds of Cheese and Butter Export Sales

CWT Assists with 2.6 Million Pounds of Cheese and Butter Export Sales

”CWTCooperatives Working Together (CWT) has accepted 4 requests for export assistance from DFA and Darigold to sell a total of 1,100 metric tons (2.646 million pounds) of Cheddar cheese and 100 metric tons (220,462 pounds) of butter to customers in Asia and the Middle East. The product will be delivered July through December 2012.

In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 64.1 million pounds and butter and AMF totaling 45.2 million pounds to 32 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.577 billion pounds, or the same as the annual milk production of 75,100 cows.

Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by reducing inventories that overhang the market and depress cheese and butter prices. 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 bonuses to the bidders only when delivery of the product is verified by the submission of the required documentation.

”NationalThe Cooperatives Working Together (CWT) Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers. The money raised by their investment is being used to strengthen and stabilize the dairy farmers’ milk prices and margins. For more information about CWT, visit www.cwt.coop.

06.27.2012