CWT Members Secure 8.8 Million Pounds of Cheese and Butter Export Sales
December 8, 2017
Cooperatives Working Together helped its member cooperatives last month to capture 56 contracts to sell 8.77 million pounds of American-type cheese and 55,116 pounds of butter to customers in Asia, Central America, the Middle East, North Africa and Oceania. The product will be shipped during the months of November 2017 through January 2018.
These recent transactions raise the total CWT-assisted year-to-date net product sales to 67.32 million pounds of cheese and 4.81 million pounds of butter. The product is going customers in 21 countries in five regions, and will move overseas the equivalent of 729.45 million pounds of milk on a milkfat basis.
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 impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly affects 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.