CWT members capture 14.3 million pounds of dairy export sales contracts
April 5, 2016
Cooperatives Working Together member cooperatives last month received 31 contracts to sell 3.946 million pounds of cheese, 2.535 million pounds of butter and 5.589 million pounds of whole milk powder. The products will go to customers in Asia, Central America, the Middle East, North Africa, Oceania and South America. The product will be shipped from March through September 2016.
For the first three months of 2016, CWT assisted members in capturing sales contracts totaling 12.361 million pounds of American-type cheese, 7.716 million pounds of butter (82% milkfat) and 14.676 million pounds of whole milk powder going to customers in 14 countries on five continents. The sales are the equivalent of 394.845 million pounds of milk on a milkfat basis.
Assisting 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.