CWT Members Secure Export Contracts for 11.4 Million Pounds of Cheese, Butter
March 1, 2018
CWT helped member cooperatives secure 47 contracts in February to sell 8.81 million pounds of American-type cheeses and 2.62 million pounds of butter to customers in Asia, the Middle East, North Africa and Oceania. The product will be shipped to customers in 11 countries in five regions around the world from February through May 2018.
These transactions bring the 2018 total of CWT-assisted product sales contracts to 18.52 million pounds of cheese and 3.35 million pounds of butter. These contracts will move overseas the equivalent of 246.42 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 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 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.