October CWT-Assisted Dairy Export Sales Totaled 6.6 Million Pounds
November 7, 2023
CWT member cooperatives secured 63 contracts in October, adding 5.4 million pounds of American-type cheeses, 844,000 pounds of cream cheese and 388,000 pounds of whole milk powder to CWT-assisted sales in 2023. In milk equivalent, this is equal to almost 59 million pounds of milk on a milkfat basis. These products will go to customers in Asia, Central America, the Caribbean, Middle East-North Africa, South America and Oceania, and will be shipped from October 2023 through April 2024.
CWT-assisted 2023 dairy product sales contracts year-to-date total 41.7 million pounds of American-type cheese, 908,000 pounds of butter, 26,000 pounds of anhydrous milkfat, 7.8 million pounds of cream cheese and 39 million pounds of whole milk powder. This brings the total milk equivalent for the year to 751.6 million pounds on a milkfat basis.
Exporting dairy products is critical to the viability of dairy farmers and their cooperatives across the country. Whether or not a cooperative is actively engaged in exporting cheese, butter, anhydrous milkfat, cream cheese, or whole milk powder, moving products into world markets is essential. CWT provides a means to move domestic dairy products to overseas markets by helping to overcome U.S. dairy’s trade disadvantages.
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.