CWT Member Co-ops Capture 3.9 Million Pounds of Cheese and Butter Export Sales
November 16, 2017
With help from Cooperatives Working Together, member cooperatives secured 25 contracts to sell 3.45 million pounds of American-type cheeses and 416,674 pounds of butter in October. The product will be shipped during the months of October through January 2017 to customers in Asia, the Middle East, North Africa and Oceania.
These transactions raise the total CWT-assisted, year-to-date product sales to 57.94 million pounds of cheese and 4.75 million pounds of butter. The products are going to customers in 21 countries in five regions, and will move overseas the equivalent of 641.67 million pounds of milk on a milkfat basis.
Helping CWT member cooperatives to 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.