CWT members capture export sales of 3.7 million pounds of products in August
September 8, 2015
Cooperatives Working Together member cooperatives, operating in a very competitive world market, won 12 contracts to sell 3.673 million pounds of dairy products to customers in five countries. The 2.2 million pounds of American-type cheeses, 661,387 pounds of butter, and 828,938 pounds of whole milk powder will be shipped from August 2015 through January 2016.
These contracts bring the year-to-date totals through August to 45.3 million pounds of cheese, 28.063 million pounds of butter, and 34.106 million pounds of whole milk powder. In total, CWT-assisted transactions will move the equivalent of 1.299 billion pounds of milk on a milkfat basis to customers in 33 countries on five continents. These totals are adjusted for contract cancellations.
Developed by NMPF, CWT is a voluntary export assistance program supported by dairy farmers producing 70 percent of the nation’s milk. By helping to move U.S. dairy products into world markets, CWT helps keep maintain and grow U.S dairy farmers share of these expanding markets which, in turn, keeps dairy farmer milk prices at reasonable levels.