CWT-assisted sales contracts top 94 million pounds of dairy product exports
October 2, 2019
Cooperatives Working Together in September assisted member cooperatives in capturing 39 contracts to sell 2.4 million pounds of American-type cheeses, 299,829 pounds of butter, 7.8 million pounds of whole milk powder, and 668,001 pounds of cream cheese. The products will be going to customers in 12 countries in Asia, the Middle East, Central and South America and are being shipped during the period from September 2019 through next February.
These contracts bring the 2019 total CWT-assisted product sales contracts to 94.4 million pounds, which includes of 42.6 million pounds of cheese, 4.5 million pounds of butter, 42 million pounds of whole milk powder, 277,782 pounds of anhydrous milkfat, and 5 million pounds of cream cheese. These transactions will move the equivalent of 848 million pounds of milk on a milkfat basis overseas.
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, helps 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 at http://www.cwt.coop/membership.