CWT Assists with 1.6 Million Pounds of Cheese Export Sales
Cooperatives Working Together (CWT) has accepted seven requests for export assistance from Dairy Farmers of America and Northwest Dairy Association (Darigold) to sell 1.612 million pounds (731 metric tons) of Cheddar, Gouda and Monterey Jack cheese to customers in Asia. The product will be delivered June through October 2013.Year-to-date, CWT has assisted member cooperatives in selling 60.812 million pounds of cheese, 51.727 million pounds of butter, 44,092 pounds of anhydrous milk fat and 218,258 pounds of whole milk powder to 31 countries on six continents. These sales are the equivalent of 1.690 billion pounds of milk on a milkfat basis. That is more than USDA's projected increase in milk marketings for all of 2013.
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.
6.13.2013