CWT Assists Member Co-ops in Securing 4.6 Million Pounds of Export Sales
August 4, 2017
Thanks to assistance from CWT, member cooperatives secured 22 contracts to sell 4.58 million pounds of cheese to customers in Asia, Central America, the Middle East and Oceania in July 2017. The product will be shipped during the months of July through October 2017.
These July transactions raise the total year-to-date, CWT-assisted product sales to 45.04 million pounds of cheese and 3.01 million pounds of butter. These sales are going customers in 17 countries in five regions, and will move the equivalent of 483.47 million pounds of milk on a milkfat basis overseas through October 2017.
In the long term, 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 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 affect 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 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.