CWT Assisted Dairy Product Export Sales Reach 8.9 Million Pounds in August
September 2, 2020
Cooperatives Working Together in August assisted member cooperatives in securing 48 contracts to sell 2.4 million pounds of American-type cheeses, 645,955 pounds of butter (82%), 518,086 pounds of anhydrous milkfat, 4.7 million pounds of whole milk powder, and 641,545 pounds of cream cheese. The product is going to customers in 16 countries in Asia, Central America, the Middle East, Oceania, and South America. The product will be shipped during the months of August 2020 through February 2021.
These contracts bring the 2020 total of the CWT-assisted product sales contracts to 74.255 million pounds of cheese, 6.934 million pounds of butter, 1.982 million pounds of anhydrous milkfat, 5.023 million pounds of cream cheese and 36.019 million pounds of whole milk powder. These transactions bring the total milk equivalent CWT will assist member cooperatives moving overseas to 736.3 million pounds of milk on a milkfat basis overseas.
Exporting dairy products is critical during these challenging times 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, pasteurized process cheese, or whole milk powder, the 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.
All cooperatives and dairy farmers are encouraged to add their support to this important program. Membership forms are available at http://www.cwt.coop/membership.