CWT-assisted member export sales contracts total 6.4 million pounds in August
September 7, 2016
Cooperatives Working Together member cooperatives captured 36 contracts to sell 5.392 million pounds of American-type cheese, 440,925 pounds of butter, and 573,202 pounds of whole milk powder in August. These products will go to customers in Asia, Central and South America, the Middle East, North Africa, and Oceania. The product will be shipped from August 2016 through February 2017.
Through August of 2016, CWT assisted members in getting exports sales contracts totaling 34.778 million pounds of American-type cheese, 8.814 million pounds of butter (82% milkfat) and 21.301 million pounds of whole milk powder going to customers in 21 countries on 5 continents. The sales are the equivalent of 674.815 million pounds of milk on a milkfat basis.
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.
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, in turn, positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
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.