CWT members capture 12.1 million pounds of dairy product export sales contracts in February
March 4, 2016
Cooperatives Working Together members received 31 contracts in February to sell 3.95 million pounds of cheese, 2.54 million pounds of butter, and 5.59 million pounds of whole milk powder to customers in Asia, Central America, the Middle East, Oceania, and South America. The product will be shipped from February through August 2016.
Combined with the contracts member cooperatives captured in January, CWT-assisted transactions so far in 2016 total 8.23 million pounds of cheese, 5.4 million pounds of butter and 6.85 million pounds of whole milk powder going to customers in twelve countries on five continents. The sales are the equivalent of 247.519 million pounds of milk on a milkfat basis.
Assisting CWT member cooperatives gain and maintain world market share through the Export Assistance program expands the long-term demand for U.S. dairy products and the farm milk that produces them. This, in turn, positively impacts all U.S. dairy farmers by strengthening and maintaining the value of 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.