CWT-Assisted Export Sales Contracts Top 9 Million Pounds of Dairy Products
July 8, 2019
CWT in June assisted member cooperatives in securing 51 contracts to sell 2.888 million pounds of American-type cheeses, 154,324 pounds of anhydrous milkfat, 257,941 pounds of butter, 5.407 million pounds of whole milk powder, and 566,588 pounds of cream cheese. The products will go to customers in Asia, Central America, the Middle East, Oceania and South America. The product will be shipped during the months of June through December 2019, to customers in 14 countries in five regions of the world.
These contracts bring the 2019 total of the CWT-assisted product sales contracts to 30.953 million pounds of cheese, 4.213 million pounds of butter, 35.640 million pounds of whole milk powder, 3.139 million pounds of cream cheese and 154,324 pounds of anhydrous milkfat. These transactions will move the equivalent of 669.376 million pounds of milk on a milkfat basis overseas.
Assisting CWT member cooperatives gain and maintain world market share through the Export Assistance program expands demand for U.S. dairy products and the U.S. farm milk that produces them. This helps all U.S. dairy farmers by strengthening and maintaining the value of dairy products that effect 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.