Cooperatives Working Together (CWT) has accepted 20 requests for export assistance from members that have contracts to sell 3.351 million pounds (1,520 metric tons) of Cheddar, Gouda and Monterey Jack cheese, and 55,116 pounds (25 metric tons) of butter to customers in the Asia. The product has been contracted for delivery in the period from December 2017 through February 2018.
Through November, CWT has assisted member cooperatives who have contracts to sell 67.317 million pounds of American-type cheeses, and 4.805 million pounds of butter (82% milkfat) to 21 countries on five continents. The sales are the equivalent of 729.448 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 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.