The product has been contracted for delivery in the period from August 2015 through to January 2016.
Year-to-date, CWT has assisted member co-operatives who have contracts to sell 45.313 million pounds of cheese, 28.063 million pounds of butter and 34.105 million pounds of WMP to 33 countries on five continents. The amounts of cheese, butter and WMP in these sales contracts represent the equivalent of 1.299 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.
The Co-operatives Working Together (CWT) export assistance programme 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.
