CWT Export Assistance Bids

Chuck ZimmermanDairy Group, Export

Cooperatives Working TogetherHere’s the latest announcement from Cooperatives Working Together:

CWT announced today that it accepted nine export assistance bids last week for the sale of cheese and butter.

Five bids were accepted from Darigold: 250 MT (550,000 lbs) of butter to Saudi Arabia; 50 MT (110,000 lbs) of butter to the United Kingdom and another 50 MT (110,000 lbs) of butter to Egypt; 200 MT (440,000 lbs) of Cheddar cheese to Egypt; and 75 MT (165,000 lbs) of Cheddar to the United Kingdom.

Three bids were accepted from Land O’Lakes: 150 MT (330,000 lbs) of butter to Morocco; 0.3 MT (660 lbs) of retail-packaged butter to China and 8 MT (17,600 lbs) of retail-packaged cheese to China.

The last bid accepted was from Foremost Farms USA to export 180 MT (396,000 lbs) of butter to Morocco.

These accepted bids increase CWT’s total 2007 export obligations for cheese to 5,002 MT (11 million lbs); its YTD butter export obligations to 4,423 MT (9.7 million lbs) and its AMF export obligations to 1,623 MT (3.6 million lbs). That is the milk equivalent of 390 million pounds.