CWT-assisted October Contracts Move Year-to-Date Export Sales Total Over 100 Million Pounds
November 13, 2019
The 41 sales contracts CWT assisted member cooperatives in securing in October brings the year-to-date total export sales CWT is helping members move overseas to 100.1 million pounds. The total is made up of 45.4 million pounds of American-type cheeses, 4.6 million pounds of butter, 277,782 pounds of anhydrous milkfat (AMF), 43.8 million pounds of whole milk powder and 5.9 million pounds of cream cheese. The milk equivalent of these sales is 897.5 million pounds on a milkfat basis.
Looking at October activity specifically; 22 contracts for 4.1 million pounds of American-type cheese, one contract for 125,664 pounds of butter, 5 contracts for 1.9 million pounds of whole milk powder and 13 contracts for 892,872 pounds of cream cheese were secured by member cooperatives with CWT’s assistance. The products will be going to customers in Asia, the Middle East, North Africa, Central America, Oceania and South America and will be shipped to 29 customers in 11 countries during the months of October 2019 through April 2020.
Assisting CWT member cooperatives gain and maintain world market share through the Export Assistance program positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by expanding the demand for U.S. dairy products beyond the domestic market thereby increasing the total demand for U.S. farm milk.
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 all dairy farmers benefit from CWT’s activities and should add their support to this important program in 2019 and beyond. Membership forms for 2019-2021 are available at http://www.cwt.coop/membership.
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