Cooperatives Working Together (CWT) has accepted 6 requests for export assistance from Dairy Farmers of America, Land O'Lakes, Maryland-Virginia Milk Producers Association and Northwest Dairy Association (Darigold) who have contracts to sell 1.581 million pounds (717 metric tons) of Cheddar and Monterey Jack cheese, and 2.315 million pounds (1,050 metric tons) of butter (82% milkfat) to customers in Asia, North Africa, the Middle East and Central America. The product has been contracted for delivery in the period from March through September 2016.
So far this year, CWT has assisted member cooperatives who have contracts to sell 9.815 million pounds of cheese, 7.716 million pounds of butter and 6.848 million pounds of whole milk powder to thirteen countries on five continents. The sales are the equivalent of 314.194 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 www.cwt.coop
3.7.2016
