CWT-Assisted Dairy Export Sales Through November Reach 1.4 Billion Pounds
December 6, 2021
Despite not taking bids for two weeks during November breaks, CWT member cooperatives secured 94 contracts in November adding 11.5 million pounds of American-type cheeses, 2.6 million pounds of butter, 1.1 million pounds of whole milk powder and 183,000 pounds of cream cheese to CWT-assisted sales in 2021. These products will go customers in Asia, Middle East-North Africa, Europe, South America and Oceania, and will be shipped from November 2021 through May 2022.
CWT-assisted 2021 dairy product sales contracts year-to-date total 49.9 million pounds of American-type cheese, 15.9 million pounds of butter, 6.1 million pounds of anhydrous milkfat, 11.5 million pounds of cream cheese and 45.1 million pounds of whole milk powder. This brings the total milk equivalent for the year to 1.404 billion pounds on a milkfat basis.
Exporting dairy products is critical to the viability of dairy farmers and their cooperatives across the country. Whether or not a cooperative is actively engaged in exporting cheese, butter, anhydrous milkfat, cream cheese, or whole milk powder, moving products into world markets is essential. CWT provides a means to move domestic dairy products to overseas markets by helping to overcome U.S. dairy’s trade disadvantages.
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.