The weekly update for Cooperatives Working Together (CWT):
CWT has accepted four export assistance bids last week for the sale of butter and anhydrous milkfat. With these accepted bids, CWT’s total 2008 export obligations are: butter, 13,792 metric tons (30.3 million lbs.); cheese, 741 metric tons (1.6 million lbs.); whole milk powder, 170 metric tons (374,000 lbs.); and anhydrous milkfat, 594 metric tons (1.3 million lbs.).
Two of the bids were from United Dairymen of Arizona of Tempe, AZ, for the following butter exports: 100 metric tons (220,000 pounds) to Egypt; and 93.5 metric tons (205,700 lbs.) to Morocco.
Another bid was accepted from California Dairies Inc., of Artesia, CA, for the export of 171 metric tons (376,200 lbs.) of butter to the Canary Islands. This is the first CWT-assisted export to that country.
Finally, one bid was accepted from Dairy Farmers of America of Kansas City, MO, for the export of 38 metric tons (83,600 pounds) 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.