The product has been contracted for delivery in the period from July through to December 2015.
Year-to-date, CWT has assisted member co-operatives who have contracts to sell 42.348m pounds of cheese, 30.395m pounds of butter and 32.836m pounds of WMP to 31 countries on five continents. The amounts of cheese, butter and WMP in these sales contracts represent the equivalent of 1.314 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.
