Cooperatives Working Together (CWT) has accepted 2 requests for export assistance from member cooperatives. These member cooperatives have contracts to sell 51,809 pounds (24 metric tons) of Cheddar cheese, and 220,462 pounds (100 metric tons) of butter to customers in Asia and the Middle East. The product has been contracted for delivery in the period from January through April 2017.
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 affects 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.