CWT-Assisted Cheese, Butter Sales Contracts Total 13.5 Million Pounds in March
April 5, 2018
Cooperatives Working Together (CWT) assisted member cooperatives in securing 78 contracts last month to sell 10.64 million pounds of American-type cheeses and 2.92 million pounds of butter to customers in Africa, Asia, Central America and the Middle East. The product will be shipped to customers in 12 countries in five regions of the world during the months of March-June 2018.
These contracts bring the 2018 total of the CWT-assisted product sales contracts to 29.19 million pounds of cheese, up 23% from the first three months of 2017, and 5.61 million pounds of butter, up 293%. These transactions will move the equivalent of 395.46 million pounds of milk on a milkfat basis overseas.
Helping CWT member cooperatives gain and maintain world market share through the Export Assistance program in the long-term expands 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. CWT is preparing more detailed education materials for member use as they discuss the future role of the program.
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.
All cooperatives and dairy farmers are encouraged to add their support to this important program. Membership forms are available online.
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