Friday, March 29, 2024

CWT assists with 721,000lb of cheese and WMP export sales

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Co-operatives Working Together (CWT) has accepted 6 requests for export assistance from member co-operatives who have contracts to sell 456,357lb  (201 tonnes) of cheddar and Monterey Jack cheeses and 264,555lb (120t) of whole milk powder (WMP) to customers in Asia, the Middle East and Central America. The product has been contracted for delivery in the period from September 2015 through to March 2016.
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Year-to-date, CWT has assisted member co-operatives who have contracts to sell 44.588 million pounds of cheese, 19.376m pounds of butter and 34.097m pounds of whole milk powder to thirty-four countries on five continents. The amounts of cheese, butter and whole milk powder in these sales contracts represent the equivalent of 1.096 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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