CWT Updated Export Bids

News EditorButter, cwt, Export

Cooperatives Working Together (CWT) has announced its updated export assistance bids.

Two of the bids were from Foremost Farms of Baraboo, Wis.: one for the export of 500 metric tons (1.1 million pounds) of butter to Egypt; and a second for the export of 350 metric tons (771,618 lbs.) of butter to Morocco.

The third bid was from Dairy Farmers of America of Kansas City, Mo., for the export of 18 metric tons (39,683 lbs.) of anhydrous milkfat to Mexico.

CWT will pay an export bonus to the bidders, only when delivery of the product is verified by the submission of the required documentation.

With these accepted bids, CWT’s total 2008 export obligations are: butter, 16,399 metric tons (36 million lbs.); cheese, 1,315 metric tons (2.9 million lbs.); whole milk powder, 170 metric tons (374,000 lbs.); and anhydrous milkfat, 4,656 metric tons (10.3 million lbs.). The milk equivalent total of these products is 1.11 billion pounds.