CWT Assisted Dairy Product Export Sales Reach 87 Million Pounds
September 4, 2019
In August, Cooperatives Working Together assisted member cooperatives in securing 67 contracts to sell 4.5 million pounds of American-type cheeses, 88,185 pounds of anhydrous milkfat, 1.4 million pounds of whole milk powder, and 703,275 pounds of cream cheese. The product is going to customers in 11 countries in Asia, Central America, the Middle East, North Africa, and South America. The product will be shipped during the months of August 2019 through February 2020.
These contracts bring the 2019 total of the CWT-assisted product sales contracts to 44.212 million pounds of cheese, 4.213 million pounds of butter, 277,782 pounds of anhydrous milkfat, 4.348 million pounds of cream cheese and 37.807 million pounds of whole milk powder. These transactions bring the total milk equivalent CWT will assist member cooperatives moving overseas to 783.5 million pounds of milk on a milkfat basis overseas.
Assisting 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.
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.
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