CWT Helps Members Secure 7.2 Million Pounds of Cheese, Butter Exports in December
January 5, 2018
Cooperatives Working Together (CWT) helped member cooperatives secure 45 contracts to sell 6.06 million pounds of American-type cheeses and 1.10 million pounds of butter to customers in Asia, Central America, the Middle East, North Africa and Oceania. The product will be shipped in the months between December 2017 and March 2018.
These transactions bring the 2017 total of CWT-assisted product sales contracts to 73.38 million pounds of cheese and 5.91 million pounds of butter. The product is going to customers in 21 countries in five regions, and will move overseas the equivalent of over 810 million pounds of milk on a milkfat basis.
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 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.