CWT Assists in Capturing 5.7 Million Pounds of Dairy Export Sales Contracts
February 6, 2017
Cooperatives Working Together members won 39 contracts to sell 4.42 million pounds of cheese and 1.32 million pounds of butter to customers in Asia, Central America, the Middle East, North Africa and Oceania in January 2017. The product will be shipped from January through April 2017.
These CWT-assisted transactions will move the equivalent of 70.57 million pounds of milk on a milkfat basis to customers in 10 countries on five continents. 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 on the CWT website.