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CWT Assists with 5.4 Million Pounds of Dairy Product Export Sales

January 29, 2024

ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted 36 offers of export assistance from CWT that helped them capture sales contracts for 5 million pounds (2,300 MT) of American-type cheese, 309,000 pounds (140 MT) of whole milk powder and 150,000 pounds (68 MT) of cream cheese. The products are going to customers in Asia, Central America, the Caribbean, Middle East-North Africa and South America, and will be delivered from January through July 2024.

 

CWT-assisted member cooperative year-to-date export sales total 11.5 million pounds of American-type cheeses, 6.9 million pounds of whole milk powder and 381,000 pounds of cream cheese. The products are going to 10 countries in four regions. These sales are the equivalent of 159.3 million pounds of milk on a milkfat basis. Over the last 12 months, CWT assisted sales are the equivalent of 920.4 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.