CWT-Assisted Export Sales Near a Half-Billion Pounds of Milk Equivalent, Adds Products
April 10, 2019
CWT member cooperatives secured 50 contracts to sell 5.1 million pounds of American-type cheeses, 1.6 million pounds of butter, and 11.1 million pounds of whole-milk powder in March. These contracts bring the 2019 total of the CWT-assisted product sales contracts to 25.4 million pounds of cheese, 2.8 million pounds of butter, and 22.2 million pounds of whole milk powder and will move the equivalent of 459.6 million pounds of milk on a milkfat basis abroad this year.
CWT also announced that effective April 1, it will add pasteurized process cheese, cream cheese and anhydrous milkfat to the other dairy products eligible for export assistance – American-type cheeses, butter and whole milk powder.
“World dairy markets are evolving and the addition of these products to those eligible for CWT assistance will help U.S. dairy farmers serve world consumer demand,” noted Jim Mulhern, President and CEO of NMPF.
Assisting CWT member cooperatives gain and maintain world market share through the Export Assistance program 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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