CWT Assists with 1.4 Million Pounds of Dairy Product Export Sales
February 25, 2020
Cooperatives Working Together (CWT) member cooperatives accepted six offers of export assistance from CWT that helped them capture sales contracts for 44,092 pounds (20 metric tons) of Cheddar cheese, 70,548 pounds (32 metric tons) of cream cheese, and 1.323 million pounds (600 metric tons) of whole milk powder. The product is going to customers in Asia, Central and South America, and North Africa. The products will be delivered from February through May 2020.
CWT-assisted member cooperative export sales contracts for 2020 total 2.780 million pounds of American-type cheeses, 407,855 pounds of butter (82% milkfat), 827,836 pounds of cream cheese and 4.630 million pounds of whole milk powder. The product is going to 12 countries in six regions. These sales are the equivalent of 75.1 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and all dairy cooperatives by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has significantly expanded the total demand for U.S. dairy products and the demand for U.S. farm milk.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to the bidders only when export and delivery of the product is verified by required documentation.
All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website.
The Cooperatives Working Together (CWT) Export Assistance program 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.