CWT Assists with 3.3 Million Pounds of Dairy Product Export Sales
February 20, 2024
ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted 11 offers of export assistance from CWT that helped them capture sales contracts for 2.6 million pounds (1,170 MT) of American-type cheese, 218,000 pounds (100 MT) of whole milk powder and 487,000 pounds (220 MT) of cream cheese. The product is going to customers in Asia, Central America, the Caribbean, Middle East-North Africa and Oceania, and will be delivered from February through June 2024.
CWT-assisted member cooperative year-to-date export sales total 19.1 million pounds of American-type cheeses, 7.1 million pounds of whole milk powder and 1.3 million pounds of cream cheese. The products are going to 15 countries in five regions. These sales are the equivalent of 238.4 million pounds of milk on a milkfat basis. Over the last 12 months, CWT assisted sales are the equivalent of 925.7 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and cooperatives by fostering the competitiveness of US dairy products in the global marketplace and helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has helped significantly expand the total demand for U.S. dairy products and the demand for U.S. farm milk that produces those products.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to the bidders only when export and delivery of the product is verified by required documentation.
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The Cooperatives Working Together (CWT) Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers. The money raised by their investment is being used to strengthen and stabilize dairy farmers’ milk prices and margins.
