CWT February Assistance Totals 6.5 Million Pounds of Dairy Exports
March 9, 2017
Cooperatives Working Together member cooperatives gained 44 contracts in February to sell 6.54 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 February through May 2017.
These CWT-assisted transactions will move the equivalent of 132.12 million pounds of milk on a milkfat basis to customers in 11 countries on five continents.
Assisting 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 impacts 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 the 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.