Cooperatives Working Together (CWT) has accepted 2 requests for export assistance from Dairy Farmers of America and Northwest Dairy Association (Darigold) who have contracts to sell 352,740 pounds (160 metric tons) of butter (82% milkfat) to customers in Asia and the Middle East. The product has been contracted for delivery in the period from July through October 2016.
So far this year, CWT has assisted member cooperatives who have contracts to sell 28.098 million pounds of American-type cheeses, 5.351 million pounds of butter (82% milkfat) and 20.406 million pounds of whole milk powder to twenty countries on five continents. The sales are the equivalent of 528.696 million pounds of milk on a milkfat basis. Product volumes and milk equivalent have been adjusted to reflect contract cancellations.
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.