Cooperatives Working Together (CWT) has accepted 8 requests for export assistance from Dairy Farmers of America, Michigan Milk Producers, and Northwest Dairy Association (Darigold) who have contracts to sell 509,268 pounds (231 metric tons) of Cheddar, Gouda and Monterey Jack cheese and 88,185 pounds (40 metric tons) of whole milk powder to customers in Asia and Central America. The product has been contracted for delivery in the period from January through July 2016.
So far this year, CWT has assisted member cooperatives who have contracts to sell 4.288 million pounds of cheese, 2.866 million pounds of butter and 1.259 million pounds of whole milk powder to eleven countries on five continents. The sales are the equivalent of 119.253 million 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 http://www.cwt.coop