CWT assists in capturing 8.4 million pounds of dairy product export sales contracts
February 3, 2016
NMPF’s Cooperatives Working Together members gained 37 contracts in January to sell 4.288 million pounds of cheese, 2.866 million pounds of butter and 1.866 million pounds of whole milk powder to customers in Asia, Central America, the Middle East, North Africa, Oceania and South America. The product will be shipped from January-July 2016.
These CWT-assisted transactions will move the equivalent of more than 113 million pounds of milk on a milkfat basis to customers in 11 countries on five continents.
Helping CWT member cooperatives gain and maintain world market share through the export assistance program expands the demand for U.S. dairy products and the farm milk that produces them. This positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amount 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.
“In light of the ongoing weakness in world market prices, CWT is again proving to be a very important program to help move U.S. dairy products overseas, thereby improving the supply-demand balance in the domestic market,” NMPF President and CEO Jim Mulhern said.
All cooperatives and dairy farmers are encouraged to add their support to this valuable program. Membership forms are available online.