CWT Assists with 14.1 Million Pounds of Dairy Product Export Sales

NMPF

Cooperatives Working Together (CWT) member cooperatives accepted 49 offers of export assistance from CWT that helped them capture sales contracts for 2.945 million pounds (1,336 metric tons) of Cheddar, Gouda and Monterey Jack cheese, 2.491 million pounds (1,130 metric tons) of butter, 1.693 million pounds (768 metric tons) of anhydrous milkfat, and 6.437 million pounds (2,920 metric tons) of whole milk powder. The product is going to customers in Asia, Central and South America, the Middle East, and North Africa. The products will be delivered from April through September 2020.

CWT-assisted member cooperative export sales contracts for 2020 total 15.884 million pounds of American-type cheeses, 4.264 million pounds of butter (82% milkfat), 1.960 million pounds of anhydrous milkfat, 2.439 million pounds of cream cheese and 18.543 million pounds of whole milk powder. The product is going to 23 countries in six regions. These sales are the equivalent of 450.3 million pounds of milk on a milkfat basis.

Assisting CWT members in moving dairy products overseas through the Export Assistance program is critical during the challenging times U.S. dairy farmers and cooperatives are facing. The Export Assistance program assists in strengthening and maintaining the value of dairy products that directly impact producers’ milk price. The program is helping member cooperatives grow and maintain world market share for U.S dairy products and is a significant factor in maintaining the total demand for U.S. dairy products and the demand for U.S. farm milk.

Dairy product and related milk volume amounts reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to bidders only when export and delivery of the product is verified by required documentation.

All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website

 





Be the first to comment

Leave a Reply

Your email address will not be published.


*