CWT-assisted member export sales contracts hit 7.4 million pounds in June
July 6, 2016
Cooperatives Working Together member cooperatives captured 17 contracts to sell 4.868 million pounds of American-type cheese, 458,562 of butter and 2.119 million pounds of whole milk powder in June. These products will go to customers in Asia, Central America, the Middle East, North Africa, Oceania and South America. The product will be shipped from June through December 2016.
For the first six months of 2016, CWT assisted members in winning export sales contracts totaling 28.098 million pounds of American-type cheese, 5.351 million pounds of butter (82% milkfat) and 20.406 million pounds of whole milk powder going to customers in 20 countries on five continents. The sales are the equivalent of 528.696 million pounds of milk on a milkfat basis. Totals are adjusted to reflect cancellations.
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, 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 on the CWT website.