CWT Assists Members in Capturing 12.5 Million Pounds of Dairy Export Sales in March
April 7, 2017
Cooperatives Working Together assisted member cooperatives in securing 78 contracts in March to sell 12.53 million pounds of cheese and 52,360 pounds of butter to customers in Asia, Central America, the Middle East, North Africa and Oceania. The product will be shipped from March through June 2017.
The addition of these transactions to the CWT-assisted sales made in January and February raised the total number of CWT sales to 23.49 million pounds of cheese and 1.43 million pounds of butter. In total, these sales to customers in 12 countries on five continents will move the equivalent of 248.94 million pounds of milk on a milkfat basis overseas in the first six months of 2017.
Helping 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 affects 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 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.
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