CWT-Assisted Export Sales Contracts Total 7.8 Million Pounds in December
January 9, 2017
Cooperatives Working Together assisted member cooperatives in winning 48 contracts to export 4.75 million pounds of American-type cheeses and 3.03 million pounds of butter in the holiday-shortened month of December. The products will go to customers in Asia, Central America, the Middle East, North Africa, and Oceania, and will be shipped from December 2016 through March 2017.
The contracts captured in December raise the 2016 CWT-assisted sales totals to 50.32 million pounds of American-type cheese, 12.13 million pounds of butter (82% milkfat) and 21.32 million pounds of whole milk powder destined for customers in 23 countries on five continents. The sales are the equivalent of 892.91 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 expands the long-term demand for U.S. dairy products and the U.S. farm milk that produces them. This increases demand which 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 online.