The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard¹s Dairyman.
up-dated Dec 8, 2016 at 11:49am
up-dated Dec 8, 2016 at 4:31pm
Cooperatives Working Together (CWT) has accepted 15 requests for export assistance from members who have contracts to sell 1.565 million pounds (710 metric tons) of Cheddar cheese and 220,461 pounds (100 metric tons) of butter to customers in Asia, the Middle East, and Oceania. The product has been contracted for delivery in the period from December 2016 through March 2017.
So far this year, CWT has assisted member cooperatives who have contracts to sell 48.881 million pounds of American-type cheeses, 111.958 million pounds of butter (82% milkfat) and 21.316 million pounds of whole milk powder to twenty-five countries on five continents. The sales are the equivalent of 875.833 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.
