CWT Members Capture 8.2 Million Pounds of Cheese, Butter Export Sales in September
October 18, 2017
With assistance from Cooperatives Working Together, member co-ops secured 48 contracts to sell 6.84 million pounds of American-type cheeses and 1.32 million pounds of butter in September. The product will go to customers in Asia, Europe, the Middle East, North Africa and Oceania, and will be shipped from September through December of 2017.
These transactions raise the total CWT-assisted net product sales year to date to 55.15 million pounds of cheese and 4.33 million pounds of butter. The products are going to customers in 21 countries in five regions, and will move the equivalent of 606.56 million pounds of milk on a milkfat basis overseas through December 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 affects 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.
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