CWT-Assisted Member Export Sales Contracts Total 8.4 Million Pounds in July
August 2, 2016
Cooperatives Working Together member cooperatives captured 29 contracts to sell 1.993 million pounds of American-type cheese, 5.016 million pounds of butter and 1.411 million pounds of whole milk powder in July. These products will go to customers in Asia, Central America, the Middle East, North Africa and Oceania. The product will be shipped from July through November 2016.
In the first seven months of 2016, CWT assisted members in winning export sales contracts totaling 30.090 million pounds of American-type cheese, 10.366 million pounds of butter (82% milkfat) and 22.948 million pounds of whole milk powder for customers in 21 countries on five continents. The sales are the equivalent of 678.497 million pounds of milk on a milkfat basis.
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 affect 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.