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CWT has Biggest Month in September

October 5, 2012

CWT has Biggest Month in September

Cooperatives Working Together (CWT) had its busiest-ever month when measured by the volume of products for which it awarded bonuses in September. While the 78 bids CWT received weren’t as high as in previous months, the volume of cheese exported through the CWT export assistance program reached a record 16.784 million pounds. A total of 11 butter bids accepted added 1.631 million pounds to the total product exports assisted in September, which all together was the equivalent of 190.5 million pounds of milk moved offshore.

For the first nine months of 2012, CWT assisted member cooperatives in selling 95.9 million pounds of cheese and 58.3 million pounds of butter to 34 countries in Asia, the Middle East, North Africa, as well as Central and South America. In total, the product was the equivalent of 2.2 billion pounds of milk. That amounts to 70% of the increase in milk production so far in2012 .

Clearly, CWT’s efforts are a significant factor in the positive movement in commodity prices in recent months.