CWT Member Co-ops Capture 6.2 Million Pounds of Export Sales in April
May 8, 2017
Cooperatives Working Together (CWT) assisted member cooperatives in securing 40 contracts to sell 6.2 million pounds of cheese to customers in Asia, Central America, the Middle East and Oceania in April 2017. The product will be shipped from April through July 2017.
Adding these transactions to the other sales made so far this year raises the total CWT-assisted product sales to 29.7 million pounds of cheese and 1.4 million pounds of butter. These sales are destined for customers in 14 countries in five regions, and will move overseas the equivalent of 306 million pounds of milk, on a milkfat basis, in the first seven months of 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 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.