CWT-Assisted Contracts Sell 24 Million Pounds of Dairy Exports in July
August 7, 2018
Cooperatives Working Together last month helped member co-ops secure 43 contracts to sell 5.35 million pounds of American-type cheeses, 855,394 pounds of butter and 18.73 million pounds of whole milk powder to customers in Asia, the Middle East, North Africa and Oceania. The product will be shipped to customers in 12 countries in four regions of the world from July through December 2018.
These contracts bring the 2018 total of CWT-assisted product sales to 45.45 million pounds of cheese, 12.09 million pounds of butter and 27.11 million pounds of whole milk powder. These transactions will move overseas the equivalent of 889.25 million pounds of milk on a milkfat basis. 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.
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.
All cooperatives and dairy farmers are encouraged to add their support to this important program. Membership forms are available on the CWT website.