CWT September Sales Contracts Top 17 Million Pounds of Dairy Exports
October 11, 2018
Cooperatives Working Together (CWT) helped member cooperatives secure 26 contracts to sell 3.9 million pounds of American-type cheeses and 13.5 million pounds of whole milk powder in September. The products will go to customers in Asia, the Middle East, North Africa, Central America, Oceania and South America – 13 countries overall – during the months of September 2018 through March 2019.
These contracts bring the 2018 total of CWT-assisted product sales to 47.56 million pounds of cheese, 12.96 million pounds of butter, and 52.06 million pounds of whole milk powder. These transactions will move the equivalent of 1.11 billion pounds of milk on a milkfat basis overseas. Totals have been adjusted for cancellations.
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 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.