Friday, March 29, 2024

CWT assists with 2.4 million pounds of cheese and whole milk powder export sales

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Co-operatives Working Together (CWT) has accepted 17 requests for export assistance from Dairy Farmers of America, Michigan Milk Producers Association, and Northwest Dairy Association (Darigold) who have contracts to sell 354,944 pounds (161 tonnes) of cheddar, gouda, and Monterey Jack cheese, and 2.028m pounds (920t) of whole milk powder to customers in Asia, the Middle East, and South America. The product has been contracted for delivery in the period from June through to November 2015.
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Year-to-date, CWT has assisted member co-operatives who have contracts to sell 38.402m pounds of cheese, 30.395m pounds of butter and 22.099m pounds of whole milk powder to twenty eight countries on five continents. The amounts of cheese, butter and whole milk powder in these sales contracts represent the equivalent of 1.200 billion pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance programme, in the long-term, helps member co-operatives gain and maintain market share, thus expanding the demand for US dairy products and the US farm milk that produces them. This, in turn, positively impacts all US 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.

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