CWT-assisted member export sales contracts top 6 million pounds in May
June 3, 2016
Cooperatives Working Together members secured 27 contracts to sell 4.890 million pounds of American-type cheese, 813,506 pounds of butter and 396,832 pounds of whole milk powder in May. These products will go to customers in Asia, Central America, the Middle East, North Africa, Oceania and South America. The products will be shipped from May through November 2016.
For the first five months of 2016, CWT assisted members in winning export sales contracts totaling 23.230 million pounds of American-type cheese, 8.530 million pounds of butter (82% milkfat) and 18.464 million pounds of whole milk powder destined for customers in 20 countries on five continents. The sales are the equivalent of 541.117 million pounds of milk on a milkfat basis.
Helping CWT member cooperatives gain and maintain world market share through the export assistance program in the long-term expands the demand for U.S. milk and dairy products. This, in turn, positively impacts all U.S. dairy farmers by strengthening the value of dairy products, which 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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