CWT Export Update

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cwtlogoCooperatives Working Together (CWT) has accepted four requests for export assistance from Dairy Farmers of America and Northwest Dairy Association (Darigold) to sell 310,852 pounds (141 metric tons) of Cheddar cheese to customers in Asia and North Africa. The product will be delivered June through September 2013.

Year-to-date, CWT has assisted member cooperatives in selling 61.123 million pounds of cheese, 51.727 million pounds of butter, 44,092 pounds of anhydrous milk fat and 218,258 pounds of whole milk powder to 31 countries on six continents. These sales are the equivalent of 1.693 billion pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by helping to maintain inventories of cheese and butter at desirable levels. In the long-term, CWT’s Export Assistance program helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the farm milk that produces them.

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

Source: Cooperatives Working Together (CWT)

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