CWT Helps Member Co-ops Capture 4.1 Million Pounds of Export Sales
July 6, 2017
CWT member cooperatives secured 26 contracts to sell 4.1 million pounds of cheese to customers in Asia, Central America, the Middle East, North Africa and Oceania in June 2017. The product will be shipped from June through September 2017.
These transactions raise the total CWT-assisted product sales to 41.8 million pounds of cheese and 3 million pounds of butter. The sales are going to customers in 17 countries in five regions, and will move the equivalent of 453.9 million pounds of milk on a milkfat basis overseas through August 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 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 online.