CWT members capture 11.6 million pounds of dairy export contracts
May 6, 2016
Cooperatives Working Together member cooperatives received 32 contracts last month to sell 5.979 million pounds of cheese, representing a nearly 50-percent increase in total assisted cheese exports for 2016. CWT members also received contracts totaling 5.657 million pounds of whole milk powder in April. These products will go to customers in Asia, Central America, the Middle East, North Africa, Oceania and South America. The product will be shipped from April through October 2016.
In the first four months of 2016, CWT assisted members in acquiring sales contracts totaling 18.34 million pounds of American-type cheese, 7.716 million pounds of butter (82% milkfat) and 20.333 million pounds of whole milk powder, destined for customers in 16 countries. These sales are the equivalent of 491.327 million pounds of milk on a milkfat basis.
Assisting CWT member cooperatives in gaining and maintaining world market share through the Export Assistance program expands the long-term 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 pays export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.
All cooperatives are encouraged to add their support to this important program. Membership forms are available on the CWT website.