CWT Assists with 1.3 million Pounds of Cheese Export Sales
Cooperatives Working Together (CWT) has accepted 8 requests for export assistance on contracts to sell 1.332 million pounds (604 metric tons) of Cheddar, Gouda and Monterey Jack cheese to customers in Asia. The product has been contracted for delivery in the period from November 2015 through May 2016.Year-to-date, CWT has assisted member cooperatives who have contracts to sell 55.876 million pounds of cheese, 25.671 million pounds of butter and 35.080 million pounds of whole milk powder to thirty-five countries on six continents. The amounts of cheese, butter and whole milk powder in these sales contracts represent the equivalent of 1.349 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.
The 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.
11.17.2015