October CWT Contracts Move Year-to-Date Total Export Sales to 117 Million Pounds
November 13, 2018
In October, Cooperatives Working Together (CWT) assisted members in securing 41 sales contracts, bringing the year-to-date total export sales to 1.154 billion pounds on a milk equivalent basis. The total is made up of 51.7 million pounds of America-type cheeses, 13.2 million pounds of butter and 51.9 million pounds of whole milk powder.
Looking at October activity only: 32 contracts were secured for 4.2 million pounds of American-type cheese, along with one contract for 275,578 pounds of butter and six contracts for 1.6 million pounds of whole milk powder. The products will go to customers in Asia, the Middle East, North Africa, Central America, Oceania and South America, and will be shipped to customers in 12 countries during October 2018 through April 2019.
Helping CWT member cooperatives gain and maintain world market share through the Export Assistance program positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by expanding the demand for U.S. dairy products beyond the domestic market, thereby increasing the total demand for U.S. farm milk.
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 producers benefit from CWT’s activities and should add their support to this important program in 2019 and beyond. Membership forms for 2019-2021 are available on the CWT website.