CWT-Assisted Export Sales Contracts Total 4.5 Million Pounds in November
December 6, 2016
Cooperatives Working Together assisted member cooperatives in securing 22 contracts to export 3.1 million pounds of American-type cheese and 1.4 million pounds of butter in the month of November. The products will go to customers in Asia, the Middle East, North Africa and Oceania. The product will be shipped from November 2016 through February 2017.
Year to date, CWT has assisted its members in winning export sales contracts totaling 47.3 million pounds of American-type cheese, 12.7 million pounds of butter (82% milkfat) and 21.3 million pounds of whole milk powder, destined for customers in 24 countries on five continents. These sales are the equivalent of 878.5 million pounds of milk on a milkfat basis. Totals are adjusted for cancellations received during the month.
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 increases demand which positively affects 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 online.