Friday, March 29, 2024

CWT Assists with 1.8 Million Pounds of Cheese and Butter Export Sales

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Cooperatives Working Together (CWT) accepted 14 requests for assistance last week , down from 19 during the week previous. Export assistance was accepted for help in selling 1.036 million pounds of cheese, and 716,000 pounds of butter to customers in Asia, the Middle East and North Africa.
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This brings the year to date total sales to 102.010 million pounds of cheese, 72.255 million pounds of butter, 44,092 million pounds of anhydrous milkfat and 218,258 pounds of whole milk powder. The sales are the equivalent of 2.569 billion pounds of milk on a milkfat basis. The year-to-date totals are above the year to October 1, last year for all commodities. Cheese exports are up 6% year-on-year and butter exports are up 24% year on year. 

Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by helping to maintain inventories of cheese and butter at desirable levels. In the long-term, CWT’s Export Assistance program helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the farm milk that produces them.

CWT will pay export assistance to the bidders only when delivery of the product is verified by the submission of the required documentation.

The Cooperatives Working Together (CWT) Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers. The money raised by their investment is being used to strengthen and stabilize the dairy farmers’ milk prices and margins. For more information about CWT, visit www.cwt.coop.

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