Saturday, April 27, 2024

Round-up: CWT assists with 3.8 million pounds of US export sales

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Co-operatives Working Together (CWT) has accepted 12 requests for export assistance from Dairy Farmers of America, Northwest Dairy Association (Darigold), Michigan Milk Producers, Niagara-O-AT-KA, and Tillamook County Creamery Association who have contracts to sell 2.090 million pounds (948t) of cheddar, gouda and Monterey Jack cheese, 1.323m pounds of butter (600t), and 396,832lb (180t) of whole milk powder (WMP) to customers in Asia, Central America, the Middle East and Oceania. The product has been contracted for delivery in the period from January through to July 2016.
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In 2015, CWT assisted member co-operatives who have contracts to sell 57.1m pounds of cheese, 25.8m pounds of butter and 49.9m pounds of WMP to 35 countries on six continents. The amounts of cheese, butter and WMP in these sales contracts represent the equivalent of 1.473 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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